Professor Dennis Wesselbaum thinks we should act on climate change – but economic harm is not a good justification for doing so.
Category: Climate Economics
BP Faces “Existential Crisis” After Ruinous Attempt to Go Green
BP’s green pivot has backfired spectacularly, hammering profits and leaving the company vulnerable to a hedge fund siege, writes Jonathan Leake in the Telegraph.
GOP Rep Wants to Gut Biden’s Green Energy Law in Next Budget
House Republicans could be leaving hundreds of billions of dollars in potential savings on the table as the GOP conference works to finish a budget deal to extend expiring tax…
Heat Pump Installations Less Than 60,000 Last Year
At the current rate, 26.4 million will still not have heat pumps by 2035.
Record £2.4 Billion in CfD Subsidies Paid Out in 2024
Hot on the heels of the record payments made under the Feed-in-Tariff scheme in the year to end March 2024, the data is now available for subsidies paid under the Contract for…
Federal Reserve Withdraws from Global Climate Coalition
In a move that has sent shockwaves through climate advocacy circles, the U.S. Federal Reserve announced its withdrawal from the NGFS—a coalition of central banks established in 2017 to address…
Implications of the Moss Battery Plant Fire
A similar fire there would require at least a shelter in place order and possibly an evacuation order for nearly a million people to say nothing about shutting down highways…
Study: “Wealthier … African nations … show lower levels of climate ambition”
Do you think there might be a connection?
ESG Whistleblower Challenges Climate Narrative (Desiree Fixler in the mix)
Desiree is well-known for her practical, first principles approach to sustainability and helps companies navigate the fractured and often overdemanding world of ESG. She serves as a trusted advisor to…
The Great Retreat: A Eulogy for the Net Zero Asset Managers Initiative
So, let us raise a toast to NZAM, not in mourning but in mockery. Its collapse is a victory for common sense and a warning to all who would attempt…
Aussie Government ABC Struggles to Explain High Energy Prices
“… Australia has a wealth of coal and gas resources as well as renewable energy, so why are energy costs so high …”
The Global Net Zero Financial Cartel, Falling Apart
Less than three weeks ago, on December 23, in a post on optimism about the potential demise of the green energy fantasy, I took note that two of the largest…
‘A Huge Win’: Woke ‘Cartel’ Of Financial Giants Dealt Death Blow 11 Days Before Trump Takes Office
“The news of BlackRock’s departure from NZAM should be music to the ears of every American consumer,” Will Hild, executive director of conservative nonprofit Consumers’ Research, told the Daily Caller…
Britons “Paying £2 Million an Hour” to Keep Gas Power Stations Running in Freezing Temperatures
Households paid the equivalent of £2 million an hour to gas power stations today after low winds and freezing temperatures left electricity grid bosses scrambling to keep the lights on. The Telegraph has…
And Then There Were NONE! JPMorgan becomes last of the Big-6 U.S. banks to quit Net-Zero Banking Alliance
JPMorgan gave no clear reason for leaving the initiative, yet it comes after months of pressure from some Republican politicians who said membership of such coalitions could breach anti-trust rules.
Grid battery cost issue storm looms in Massachusetts
Assuming it is just the investor-owned utilities that most of us use, the big question is then how will the cost be divided among them? The new law is silent…
2025 Looks Bleak For Germany…Energy the Most Expensive In Europe …Growing Speech Tyranny
But 2025 will not be an easy year for dissenters and critics of the government, as this is increasingly being criminalized in Germany thanks to recently passed laws and acts…
Will Australia’s Mandatory Climate Reporting make Greenwashing Illegal?
Legal penalties for greenwashing could force Aussie companies to declare their total lack of interest in climate action.
RGGI Investment Proceed Performance in New York
The observed reductions to date have not been the result of RGGI. The effectiveness of auction proceed investments is poor and there is no reason to expect that will change…
As Germany’s Energy Crisis Heightens, Two Brief Windless Periods Pushes Grid To The Limit!
It is also often forgotten that wind turbines consume electricity when they are stationary or switched off. This is because all technical components (oil pumps, fans, control systems, etc.) must…
Cautious Optimism on the Demise of The Green Energy Fantasy
Three years on, it looks like Germany is winning the race to the wall. After a couple of decades of “Energiewende,” Germany has closed all of its nuclear plants and…
“THIS AGREEMENT WILL BE GOOD FOR ENRON STOCK!!” (Enron’s Kyoto memo turns 27)
The Washington Post broke the memo soon after Enron’s demise, showing how Enron was hardly a free-market, capitalistic company in “[Enron] chairman Pushed Firm’s Agenda With Clinton White House.” Indeed, Enron was…
Comment on Cobb, 2024
By Andy May The featured image for this post is from Angela Wheeler at the CO2 Coalition, used with permission. This post is a comment on Cobb, 2024, the paper…
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