November 25, 2024
Politicization of the American University
Roger Federer spent 24 years as a professional tennis player. Roger Clemens played 24 years in the major leagues. And at the end of next month, I’ll leave my position as tenured, full professor the University of Colorado Boulder after 24 years on the faculty.1 Roger that! Leaving the faculty has motivated me to try to make sense of the…
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 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 12, 2024
A Memo for Trump’s Energy Czar
Last week, the Financial Times reported that President-elect Donald Trump is considering appointing an “energy czar,” described as: The new energy tsar role and its powers are not yet finalised, but people familiar with the plans said it would co-ordinate Trump’s deregulatory agenda across a patchwork of agencies including the Department of Energy, Department of Interior, Federal Energy Regulatory…
November 8, 2024
How Science Must Change
A minor brouhaha erupted on social media this week when the editor of Scientific American, Laura Helmuth, in a late-night fit of rage, posted profanity-filled and disparaging comments about those who voted for Donald Trump.1 As often happens in social media brouhahas, many are calling for Helmuth to be fired from her role as editor. However, this…
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 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 24, 2024
Progress and Its Enemies
26 years ago, Virginia Postrel published The Future and Its Enemies, which I still consider one of the most insightful books of our time. The book’s subtitle, The Growing Conflict Over Creativity, Enterprise, and Progress, has become even more relevant since 1998. Virginia gave a presentation on the ideas in her book at the Progress Conference in Berkeley last…
October 24, 2024
Climate Journalism Done Right
Today, The Washington Post has published a lengthy analysis titled, “The real reason billion-dollar disasters like Hurricane Helene are growing more common.”1 The article, by the Post’s Harry Stevens, is brilliantly done — extensively reported, data rich, grounded in a large body of research, with a wide diversity of voices. Watching reactions to the article will…
October 21, 2024
We Found an Excel File Online
A new paper is just out claiming that climate change is increasing the damage associated with U.S. hurricanes: “US hurricane damage, normalized for changes of inflation, population, and wealth, increases approximately 1% per year. For 1900–2022, 1% per year is equivalent to a factor of >3 increase, substantially but not entirely, attributable to climate change.” As they…