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February 18, 2025
Another Step Forward in NEPA Reform
America’s system of environmental reviews has been choking progress for a half-century. A key culprit: the National Environmental Policy Act, once a seemingly sensible safeguard that has metastasized into a bureaucratic quagmire that can entangle projects for years at great cost. As I write in my 2023 book, The Conservative Futurist: How To Create the Sci-Fi…
February 10, 2025
Hits and Misses
The term “scenario” was introduced by a group of researchers at the RAND Corporation in the 1960s. Herman Kahn explained its origin in 1979: “We deliberately chose the word [scenario] to deglamorize the concept . . . There is no a priori concept that a scenario should be taken seriously or that it is intended to reflect aspects…
January 31, 2025
Regional Transmission Organizations as Market Platforms III
As a follow-on to my previous two posts on regional transmission organizations (RTOs) in electricity, I was heading in a direction that relies on you, dear reader, having a foundational understanding of the investor-owned utilities (IOUs) that are the transmission owners (TOs) in RTOs. Many of you do, but lots don’t, especially tech folks who…
January 27, 2025
The Most Major Hurricanes Ever
Last year the world experienced the most major hurricane landfalls since records are available, tying only 2015, with 11 storms. Does last year indicate that we have reached a new climate-fueled normal? Let’s have a look. More than a decade ago, Jessica Weinkle, Ryan Maue, and I published the first long-period global hurricane landfall dataset using a consistent methodology….
January 24, 2025
Regional Transmission Organizations as Market Platforms II
Whether it’s rising electricity bills, reliability concerns, an impetus for decarbonization, or the related importance of grid modernization, power systems in the U.S. and around the world are struggling with change. In this series on regional transmission organizations (RTOs), I’m digging in to the institutional aspects of these challenges. Last time I started with history….
January 24, 2025
Two Cautions on the Trump Energy/Environment Executive Orders
The Trump “Day One” executive orders on energy and environment policies are worthy of applause because they implement a shift toward market forces in place of central planning as the dominant institution driving resource allocation in the various energy sectors. At the same time, two of the executive orders are problematic: the exit from the Paris climate agreement, and…
January 21, 2025
California’s Insurance Crisis
Dave Jones, California’s insurance commissioner from 2011 to 2018, explained California’s growing insurance crisis in 2023: Due to the failure to substantially reduce greenhouse-gas emissions in the U.S. and globally, we are marching steadily to an uninsurable future. Jones sentiment is widely shared — Climate change is causing more and more intense extreme events, which are…
January 13, 2025
EPA Should Reject California’s Locomotive Electrification Regulation
The California Air Resources Board last November requested from the U.S. Environmental Protection Agency a waiver under section 209(e) of the Clean Air Act for implementation of its “In-Use Locomotive Regulation,” an effort to electrify the cargo trains operating in California and therefore across the entire country. As of early January, EPA still has not acted, a…
January 10, 2025
Regional Transmission Organizations as Market Platforms I
2025 is already shaping up to be a year of change for many reasons related to the economics and technology of energy. Between the uncertainty arising from a political change in presidential administration and the dynamics of technological change in the economy, the only prediction I’d hazard is that change will happen. Some of these…
January 8, 2025
The Interests of the U.S. and the Honolulu Climate Case Before the U.S. Supreme Court
The Office of the Solicitor General — part of the Department of Justice —was created by the Statutory Authorization Act of June 22, 1870. The Act states that there shall be an officer “learned in the law,” to be called the Solicitor General, to assist the Attorney General in the performance of his or her duties. The…