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June 27, 2016

Is the Nuclear Liability Limit a Subsidy, or Not?

The heat is on. I refer not to the beginning of summer, nor the looming global warming apocalypse for which there is little evidence, nor an election season sure to be characterized by personal attacks aplenty. But instead, the increasing difficulty of defending the absurd argument that the massive explicit and implicit subsidies given wind and solar power and ethanol production yield environmental improvement and…

June 20, 2016

Nothing New Under the Sun as FTC Seeks to Expand Power over Solar

The Federal Trade Commission (FTC) announced recently a workshop to be held on June 21, with the title “Something New Under the Sun: Competition and Consumer Protection Issues in Solar Power.” Accompanying the announcement is a discussion paper presenting a number of issues for public comment. The analytic quality of that paper is highly uneven, but for now it…

June 15, 2016

Four Decades of Subsidy Rationales for Uncompetitive Energy

The modern rationales for energy subsidies have varied in prominence over the decades, but none has been broadly discredited in the public discussion despite the reality that each suffers from fundamental analytic weaknesses. The rationales can be summarized as follows: Given the weak history of analytic rigor and policy success in the context of energy…

June 9, 2016

Comment for the Federal Trade Commission: Competition and Consumer Protection Issues in Solar Power

This note responds to the FTC request for public comment attendant upon the workshop scheduled for June 21, 2016 on the topic “Competition and Consumer Protection Issues in Solar Power,” as described on the FTC website, and detailed in a pdf document with that title. That document here is referenced as “the FTC discussion paper.” Read the PDF.

June 6, 2016

The Magic of the EPA’s Benefit/cost Analysis

Benefit/cost analysis: It sounds so scientific, so rational, so impartial. So sound as a tool with which to resolve conflicting assertions about the wisdom of regulatory proposals. So divorced from partisanship or ideological influence. A truck engine is tested for pollution exiting its exhaust pipe in California. REUTERS/Mike Blake Oh, please. Democracy is the art…

May 20, 2016

The Incoherence of Sustainability

“Sustainability” is a popular buzzword in the public discussion of energy and environment policies generally and in the defense of subsidies for “renewable” energy in particular. But the definition of that term is highly elusive, as illustrated by the Environmental Protection Agency’s discussion: Human ingenuity is the “ultimate resource.” Credit: Twenty20 Apart from being incorrect substantively…

April 22, 2016

Earth Day and the Triumph of Dogbert

It is Earth Day, when pieties flow like wine, when the self-applause of the right-thinking is deafening, when the antihuman core of modern environmentalism shines bright, and when the destructiveness of groupthink becomes ever more pronounced. And when an understanding of its true meaning is served by the profound wisdom of that noted political philosopher and sage…

February 4, 2016

Shut Up, She Explained: My Request for Climate Evidence

Policy research in the Beltway offers numerous attractions, among them the opportunity to exchange views and engage in back-and-forth challenges with other experts, in settings both formal and informal. Such activities are more than merely fun: Intellectual atrophy is the inexorable result of living in an echo chamber, an effect that can be avoided through…

January 19, 2016

Subsidizing the Rich Through California’s Solar Scheme

Residential consumers of electricity in California pay almost 17 cents per kilowatt-hour (kWh), a price higher than those of every other state in the lower 48, except New York and five of the New England states. The average for the nation as a whole is about 12.7 cents per kWh. Neighboring states in the Pacific…

December 18, 2015

An Agreement to Prop up the Climate Industry

The question before us is straightforward: Is the Paris climate agreement to limit greenhouse gas emissions a good strategy? A strategy, of course, is a set of tools used to achieve some goal. It is not the goal itself. Accordingly, we must ask: What is the goal? Twenty20 License If it is some unspecified reduction…