John Quiggin

Another excerpt from the climate chapter of my book-in-progress, Economic Consequences of the Pandemic. Comments, constructive criticism and compliments all appreciated. Economists have long been enamoured of simple and universal solutions to the problem of greenhouse gases emissions. The key to these solutions is imposing a price on emissions, through a carbon tax or an emissions trading scheme. With a carbon tax, firms are required to pay a fixed price for each ton of carbon...

2020 has not been a good year for thermal coal. Trends that were already underway have accelerated as a result of the pandemic. As the energy source with the highest marginal cost of operation coal has borne the brunt of reductions in electricity demand. As a result, planned closures have been brought forward, and new closures announced. Financial institutions have announced ever more stringent divestiture policies, making new coal mines and coal-fired power stations increasingly...

Over the fold, another draft section of the climate chapter of Economic Consequences of the Pandemic. As always, comments, compliments and criticism appreciated The response to the pandemic, in the US and many other countries, has been less than successful. But even leaving aside the disastrous impact of the Trump Administration, it must be conceded that the pandemic posed an incredibly difficult challenge. When it broke out, we had no cure, no vaccine and a very limited...

Back again with another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link http://eepurl.com/dAv6sX You can also follow me on Twitter @JohnQuiggin, at my Facebook public page   and at my Economics in Two Lessons page Like this:Like Loading...

That’s the title for my latest piece in Inside Story. Opening para One of the most tired tropes in Australian politics involves identifying some part of the country (or a particular occupational or identity group) as the “real Australians” who must be catered to in order to win or retain government. In the last decade or so, we’ve been through rural and regional Australia, Western Sydney, Queensland, “tradies,” “people of faith” and probably a few I haven’t noticed. Share...

Another extract from the climate chapter of my book-in-progress, Economic Consequences of the Pandemic, over the fold Our carbon-based energy system has taken a toll on our life and health ever since we learned to use fire for warmth and cooking food. Smoke from wood fires, particularly in cramped homes, is a major source of illness and death to this day. But the damage accelerated with the exploitation of fossil carbon, in the form of coal and oil. In 1306, King Edward I issued...

That’s the headline for my latest piece in Independent Australia. Opening paras AS WE WAIT anxiously for the arrival of a COVID-19 vaccine, which will be made overseas, most Australians will welcome the news that a new vaccine manufacturing plant will be built in Melbourne to produce vaccines for influenza and Q fever (and possibly for future pandemics), as well as antivenenes for snake and spider bites.The plant is the result of a deal between the Commonwealth Government and...

For some reason, I’ve been asked to do an interview with a Korean radio station about the Regional Comprehensive Economic Partnership, frequently described as “the world’s largest trade deal”, on the basis that the countries involved have a combined population of 2.2 billion, more than any previous deal. The most interesting thing about the deal is what’s not in it (also, who’s not in it, notably India and the United States). Early drafts followed the classic pattern, with strong...

(Another extract from the climate chapter of my book-in-progress, Economic Consequences of the Pandemic) The Covid-19 pandemic has accelerated a variety of social and economic trends, some beneficial and some harmful, that were already underway before 2020. An important example of a beneficial effect has been an acceleration of the decline of carbon-based fuels. Lockdowns early in the pandemic produced a substantial reduction in demand for both electricity and transport. As well...

Back again with another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link http://eepurl.com/dAv6sX You can also follow me on Twitter @JohnQuiggin, at my Facebook public page   and at my Economics in Two Lessons page Like this:Like Loading...