Megan Greene, a senior fellow at the Harvard Kennedy School of Government and a columnist for the Financial Times: "Central banks have always picked winners and losers at their own discretion, according to Greene, and they always will. Hence, “they might as well be thoughtful about it and address one of the biggest crises that we're facing.” Moreover, she argues that, “if you think climate change is as existential a threat as a war, then you can argue easily, I think, that central banks should step in again in the face of this threat.”
Friedman: "Natural gas and coal prices in Europe and Asia just hit their highest levels on record, oil prices in America hit a seven-year high and U.S. gasoline prices are up $1 a gallon from last year. If this winter is as bad as some experts predict — with some in the poor and middle classes unable to heat their homes —I fear we’ll see a populist backlash to the whole climate/green movement. You can already smell that coming in Britain."
Stephen Moore: Coal is by far the largest source of energy in China, and new plants are being built every week. This is, as the Telegraph put it, “Beijing’s dirtiest little secret.” Despite those solemn pledges for China to clean up its air, the Chinese emit three to four times more greenhouse gases into the atmosphere each year than the U.S. ...
Coal is by far the largest source of energy in China, and new plants are being built every week. This is, as the Telegraph put it, “Beijing’s dirtiest little secret.” Despite those solemn pledges for China to clean up its air, the Chinese emit three to four times more greenhouse gases into the atmosphere each year than the U.S. ...
Thanks to the shale oil and gas revolution, the U.S. has access to more oil and gas (and coal) than any other nation. We have many hundreds of years of energy supply. Now that the rest of the world is thirsting for U.S. oil, gas, and coal, the Left wants to shut down all domestic production by 2035, even though our fossil fuels are the cleanest. So, instead of the world’s energy coming from the U.S., it will come from Russia, Saudi Arabia, and the OPEC nations.
On the HadCRUT4 data, there has been no global warming for close to eight years, since March 2014. That period can be expected to lengthen once the HadCRUT data are updated – the “University” of East Anglia is slower at maintaining the data these days than it used to be.
Michael Shellenberger: A major new staff report from the New York Federal Reserve Bank throws cold water on the over-heated rhetoric coming from activist investors, bankers, and politicians. “How Bad Are Weather Disasters for Banks?” asks the title of the report by three economists. “Not very,” they answer in the first sentence of the abstract.
The reason is because “weather disasters over the last quarter century had insignificant or small effects on U.S. banks’ performance.” The study looked at FEMA-level disasters between 1995 and 2018, at county-level property damage estimates, and the impact on banking revenue.
UK Independent: "Your home, sometime in the next decade. You click the heating on and receive an app notification telling you how much of your carbon allowance you’ve used today. Outside in the drive, your car’s fuel is linked to the same account. In the fridge, the New Zealand lamb you’ve bought has cost not just pounds and pence but a chunk of this monthly emissions budget too. Welcome to the world of personal carbon allowances – a concept that is increasingly gaining traction among experts as a possible response to the climate crisis. Each month, it would see every person or household in the country given a limited emissions quota to spend on heating, energy, travel, food and possibly consumer goods. Those who wish to expend more could buy top-ups. Those who require less would be able to sell their left-overs back to the ‘grid’." ... Now, in the wake of Cop26, many feel the concept – radical, perhaps, but demonstrably do-able – has never been riper for consideration. So, could this be our future? ... “By establishing an equal monthly budget for everyone, you create a sense of a shared effort to address a shared problem,” says Fawcett.