Economist Paul Krugman, while referencing an upcoming carbon pricing piece by David Roberts (@drvox) writes that: Econ 101 tells us that if you want to reduce emissions of a pollutant, the most efficient way to do that is to put a price on emissions, so that all possible routes to …
Yesterday Reuters reported: Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry. The bank announced its new coal policy at its annual meeting, saying it would cut back its lending …
By Walter Borden Here at the midpoint of 2014, solar power technology continues its advance while its marketplace momentum builds. Economic policy and commercial efforts designed to induce commercial innovation must keep apace. And there are pockets of progress in the political economics of deploying solar. Take for example this …
By Walter Borden Green Bonds, Carbon Taxes, and Market Failures THE gathering dangers of global warming for life necessitate that humanity collapse its dependency on fossil fuel energy (FFE). Ecological fiduciary responsibility requires shifting balance from political restraint to action. The challenges of managing a drawdown of FFE’s in …
By Walter Borden Science and Sustainability We at Fund Balance are concerned that the only mention of climate change in President Barack Obama’s 2012 State of the Union address was “The differences in this chamber may be too deep right now to pass a comprehensive plan to fight climate change.” …
With Proposition 23 in California defeated, the hard and important work on Cap and Trade in the United States can begin again. Advancing the Western Climate Initiative (WCI) will be critical in building a framework in North America for Cap and Trade policy. “A cap-and-trade system is a market-based mechanism …
As we reach the end of the first decade of the 21st century, some dangerous misconceptions linger from the 20th. Two of which are that global warming is not happening and that it is not primarily a man-made phenomenon. While factors such as Solar Irradiance clearly have secondary and significant …
One hears frequently these days that eco-nomic needs trump eco-logical ones in the public mind – especially here in early 2010. But it is increasingly hard to see a difference between the two at all. Tanya Ott’s recent coverage on WBHM reporting on the challenges the city of Anniston, Alabama …
There are more signs recently of the climate crisis, sustainable industry, and ecosystem repair issues crossing party lines and effecting change in Red States and rural areas. Tanya Ott reports from WBHM in Birmingham, Alabama about “tree-hugging conservatives” in Magnolia Springs, the reclamation of a wetlands and a burgeoning eco-tourism …
Over the past few weeks we have seen communities increasingly turn away from unchecked development and new electricity access, especially from coal burning plants, in the name of preserving clean air and water supplies. Even if it means that short-term economic gain may be traded for a greater quality of …