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March Issue

The blizzard hit Washington, D.C., prompting a senator and his family to build an igloo in honor of Al Gore. At the same time, an energy industry executive said, “We’re here in a blizzard talking about global warming.”

 
It Might Be a Good Idea for BusinessesTo Reveal Climate Change-Related Risks

Frenkil: Since climate change is widely believed to result in the increasing levels of weather-related fiscal losses in the United States, which are rising significantly faster than insurance premiums, population and economic growth, businesses face numerous climate-related risks such as the disruption of operations.

Water Risk

At year-end, the “Lex” column in the Financial Times (one of the most influential market columns in the world) featured an imaginary review of the 10 years ending in 2019. One section, titled “Dry China”, looked back on what “could have been averted”, namely, the water shortage in China.

California First to Regulate Sulfur Hexafluoride Greenhouse Gas

While coal-fired power plants continue to be portrayed as the primary target of carbon dioxide regulation, emissions of a lesser known but more potent greenhouse gas from the electric utility industry is being regulated for the first time in California.

Senate Trio Holds off Introduction of Cap and Trade Bill for Now; Revelation Planned for later in Spring

The trio of senators working to develop compromise climate change legislation released the first details of their proposal in meetings with business and environmental groups on March 17 and 19.  Sen. Joseph Lieberman (I-CT) who ... has been working to develop a bill that can garner enough votes to get through the Senate ...

All thermal power plants need water. In one of the great ironies of physics, solar thermal power plants, which work best in areas of nearly year-round sunshine, may run through about as much water as a conventional fossil-fueled steam plant that is typically sited alongside a river or on the coast.


The Schumpeterian Climate Moment

The headline on the letter to the editor reads, “Climate science row irrelevant to economic change.” The letter writer, Manfred Körner, has, I believe, had a good deal of experience in the field of scientific debate, public relations and lobbying.

 

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