"He's a snake in the grass, I tell ya guys; he may look dumb but that's just a disguise; he's a mastermind in the ways of espionage." Charlie Daniels, "Uneasy Rider" climate change - TT`s Lost in Tokyo

Fat Tails Part Deux: cost-benefit analysis and climate change; Weitzman replies to Nordhaus by TokyoTom

[Note: Although the giant snakes I mentioned in my preceding post may have fat tails, I didn't want my description of the discussion between Harvard`s Martin Weitzman and Yale`s William Nordhaus of the limits of cost-benefit analysis to be overlooked...

Paul Joskow: What electric power regulatory reforms are need? A Federal Power Act of 2009 by TokyoTom

Further to my previous posts , excerpted below are the recommendations that Paul Joskow (energy expert, MIT economist and current president of the Alfred P Sloan Foundationn) recently made in a speech at the National Press Club : What is to be done? We...

MIT economist Paul Joskow describes our current electricity regulatory framework by TokyoTom

I believe that a key problem - and thus a key opportunity - that our country faces is over-regulation and misregulation of the electric power sector. Regulatory reform in this area is a middle ground, both for enviros and those whose principle concerns...

Update from Rob Bradley: My BOOKS prove that I`m a free-marketer! (That`s why I`m free to boost fossil fuels and bash enviros on my blogs!) by TokyoTom

I noted in a previous post that Rob Bradley , CEO of the Institute for Energy Research and lead blogger at MasterResource , has cheered on big coal and bashed what he calls "Malthusian anti-energy crusaders", but ignoring while he does so the...

A physicist cogitates on solving the fiat currency problem by TokyoTom

Lubos Motl , a bright young Czech physicist with a winning way with those he considers idiots*, has decided to cogitate on fiat money and the US`s screwed up monetary system, and proposes to peg the dollar to the Dow : You might think that I am going...
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Chris Horner and neocons on climate change "alarmists": the pot calls the kettle black by TokyoTom

Chris Horner of CEI has long been a near one-man band in attacking the excesses of the left with respect to concerns about climate change (while appearing to forget concerns by some on the right, corporate heads, scientists and defense/intelligence analysts...
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Bob Murphy in Forbes: no to "green" jobs, but otherwise? No advice by TokyoTom

Kudos to Robert P. Murphy for a new opinion piece dated Novermber 15 in Forbes.com regarding "The High Costs Of 'Green Recovery'" . The biographical note appended to the piece describes Bob as "a senior economist with the Institute...
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Leadership on climate change and clean energy from ..... Google? by TokyoTom

I just lost my prior attempt at this post so forgive the brevity and lack of analysis in this one. Google is stepping up its activities and announcements (by CEO Eric Schmidt ) in the climate change / clean energy / "smart grid" interface, including...
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Senate to host presentations by Am. Meteorological Soc. on geoengineering and carbon capture by TokyoTom

On Friday, November 21, the American Meteorological Society is putting on a seminar at the U.S. Senate entitled "Two Engineering Measures to Reduce Global Warming: Injecting Particles into the Atmosphere and "Clean" Coal". The presentations...
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Bob Murphy acknowledges that implicit carbon pricing may reflect genuine economic scarcity by TokyoTom

In June, I made a number of comments to Bob Murphy in response to his blog post entitled, Cap and Trade Is Not a "Market Solution" ; Bob declined to respond at that time. One of my comments was that Bob (1) ... unfairly conclude that, since...
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255 Canadian economists say rebated carbon taxes are preferrable to cap and trade and to no action by TokyoTom

More here . Too bad they didn't take any initiative in discussing other helpful policy measures, such as eliminating corporate income taxes (or allowing immediate write-off of new investments), deregulating the power industry and eliminating subsidies...
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Climate models and climate "sensitivity" for dummies (me too); a recent bibliography by TokyoTom

Inspired by Bob Murphy's Mises post on " Economic and Climate Models ", I decided to put together a few links to (i) further information on global climate models, (ii) criticism of them (and responses), and (iii) the state of the science...
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Scientists determine that there is no discrepancy between climate model predictions and tropical troposphere temperature records by TokyoTom

PhysOrg.com reports that a team of scientists led by the Lawrence Livermore National Laboratory has "helped reconcile the differences between simulated and observed temperature trends in the tropics." "Using state-of-the-art observational...
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More on Pickens: FOX offers soapbox for Pickens mouthpiece; Milloy responds by TokyoTom

FOX offers soapbox for Pickens mouthpiece Warren Mitchell (former chairman of Southern California Gas Company and San Diego Gas & Electric, and director and head of the compensation committee of Pickens' owned Clean Energy Fuels); Steven Milloy...
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