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November 20, 2024
President Trump Should Abandon Biden’s Misguided War on Big Business
As President Trump takes office for the second time, a pressing question will be how to handle the Biden administration’s legacy of targeting large businesses. In 2021, President Biden issued an executive order on competition, launching an all-of-government effort to reverse, or at least stay, a century-long trend: the rising share of national output produced by large firms….
November 19, 2024
Energy Realism and Climate Pragmatism at the Department of Energy
He’s a climate denier! That is the standard reaction of many in the climate lobby when encountering views on climate and energy deviating from the monomaniacal view that climate is the world’s single-most important issue. Reactions from climate advocates to the nomination of Chris Wright,1 CEO of Liberty Energy, to serve in Donald Trump’s cabinet as Secretary…
November 15, 2024
Should State Laws Determine National Energy and Climate Policies?
Opponents of fossil fuels claim to oppose pollution, but they are all too happy to pollute our legal and constitutional institutions in pursuit of their climate-policy agenda. The latest manifestation of this trend is a litigation campaign against fossil-energy producers in state courts under state laws, alleging that the energy producers “knew” decades ago that…
November 13, 2024
Global Existential Risks
In 2022, on a bipartisan basis, the U.S. Congress passed the Global Catastrophic Risk Management Act of 2022 requiring the Department of Homeland Security to coordinate an expert assessment of global catastrophic and existential risks. The Department of Homeland Security published the first Global Catastrophic Risk Assessment two weeks ago, and reached some important — and one surprising —…
November 7, 2024
History of Technology: Cheaper, Cleaner, Easier
Every fall since 2020 I have been teaching energy economics in Northwestern University’s Master of Science in Energy and Sustainability (MSES) program. I team teach with my friend Mark Witte, and my part of the course is backloaded—natural monopoly theory and regulation in theory and in history, new generation technology invention and adoption, wholesale power markets, digitalization…
October 31, 2024
Maine Shows the Way: Low Earth Orbit Satellites Can Rescue the Broadband Equity, Access, and Deployment Program
As the Kamala Harris-Tim Walz and Donald Trump-JD Vance campaigns pour resources into Maine to compete for electoral votes, both the Vice President and former President Trump could benefit from something more than campaign dollars: a lesson from Maine on how to fix the stalled Biden-Harris broadband rollout. The $42.5 billion Broadband Equity, Access, and…
October 30, 2024
The Energy Permitting Reform Act Doesn’t Go Far Enough
This summer, Senators Joe Manchin and John Barrasso’s Energy Permitting Reform Act passed out of the Senate Energy and Natural Resource Committee by a 15-4 vote and the House of Representatives is now working on passing its own permitting reform. Both bills reflects a growing bipartisan consensus that after years of bottlenecks and delays to…
October 28, 2024
Take the Under
In the Financial Times over the weekend, John Burn-Murdoch discussed how projections of global population keep decreasing: Burn-Murdoch concludes: [T]hese estimates are extremely fuzzy and based on frameworks that were true in the past but may not be today. Use them with caution, and probably err on the low side. Given how important population projections are for climate…
October 25, 2024
TikTok’s No Good, Very Bad Day in Court
Last month, the DC Circuit Court of Appeals heard oral argument in TikTok Inc. v. Garland, which tests the constitutionality of a federal law that would ban the popular social media platform from app stores early next year unless its Chinese-affiliated parent company divests ownership. While seasoned lawyers caution against predicting decisions based on oral…
October 25, 2024
The Clean Energy Transition’s Voter Problem
The future of the clean energy transition is cloudy. It’s well-known that there are disagreements—wide disagreements—between Republicans and Democrats about our energy future. But less well-known is the bedrock of public opinion on America’s energy supply, the importance of a rapid transition away from fossil fuels, and the general salience of the climate change issue….