If your chief financial officer is the last person you would think of to take charge on climate change, think again. Today, smart organizations are shifting their sustainability responsibilities toward the finance function.... The focus needs to be on true cost accounting. Economic calculation doesn't work when markets are not dealing in terms of true cost owing to socialization of negative externality.Harvard Business ReviewYour Company’s Next Leader on Climate Is…the CFOLaura Palmeiro
Read More »Local Climate Policy Run Amok, Bellingham Edition
Local Climate Policy Run Amok, Bellingham Edition Earlier this month the New York Times ran a story about Bellingham, Washington, a picturesque town that looks out across Puget Sound to the San Juan Islands. Bellingham is home to Western Washington University, but rational thought is in short supply when it comes to climate activism. What got the country’s attention is a proposal before the city council to require all homeowners to switch from natural...
Read More »America Escalates its “Democratic” Oil War in the Near East — Michael Hudson
The assassination was intended to escalate America’s presence in Iraq to keep control the region’s oil reserves, and to back Saudi Arabia’s Wahabi troops (Isis, Al Quaeda in Iraq, Al Nusra and other divisions of what are actually America’s foreign legion) to support U.S. control o Near Eastern oil as a buttress o the U.S. dollar. That remains the key to understanding this policy, and why it is in the process of escalating, not dying down. I sat in on discussions of this policy as it was...
Read More »Two Can’t Miss Sessions in San Diego Next Week
Two Can’t Miss Sessions in San Diego Next Week Well, I can’t miss them because I’m in them. You can, but why would you? Climate Crisis Mitigation: Implementing a Green New Deal and More Union for Radical Political Economics: Paper Session Friday, Jan. 3, 10:15am–12:15pm Manchester Grand Hyatt San Diego – La Jolla B “Financial Bailout Spending Would Have Paid for Thirty Years of Climate Crisis Mitigation: Implementing a Global Green New Deal and Marshall...
Read More »Do we need a World War II style mobilization to decarbonize the United States Economy?
The American Prospect has a new issue out on climate change, and I highly recommend the article by Jeffrey Sachs. Sachs does an excellent job explaining why we do not need a World War II style mobilization to decarbonize the United States economy. We can achieve a high level of decarbonization by 2050 at a modest aggregate cost (Sachs guesses 1 to 2% of output) by replacing existing power plants, vehicles, furnaces, etc. with green technologies at the...
Read More »The Case for Carbon Taxes, Part II: Political Sustainability
by Eric Kramer The Case for Carbon Taxes, Part II: Political Sustainability In a prior post, I argued that carbon taxes are not vulnerable to political subversion by hostile courts and regulators, and that this is an important advantage of carbon taxes over traditional regulation based on mandates, and also an advantage over subsidies. Once they are passed, carbon taxes can work more or less on auto-pilot to drive a clean energy transition, unless they...
Read More »Plastic: Part of the Problem . . . Part of the Solution – Part 4: Efficient Use of Recyclates
The problem of plastic waste seems insurmountable. The good news is plastic recycling is on the rise and that is good for the circular economy. In parts 1, 2 and 3, we delved into the role of the waste management and recycling industry and how material sorting technologies can help. Part 4 is all about the increased use of recyclates as an essential part of properly closing the plastic cycle. [embedded content] The plastics industry is facing a great many...
Read More »Plastic: Part of the Problem . . . Part of the Solution – Part 3: Sorting Technology
As I mentioned, this 4 part presentation is being done by Sesotec GmbH, a company which manufactures recycling equipment. Even so the information given by Sesotec is to the point on the topic of pollution by man made packaging and products which can be sued again and again and in some cases up to 8 times. Fair warning as the pitch comes with regards to Sesotec’s abilities. Around 70 years after the first plastic product hit the market, a world without...
Read More »Chaos Theory And Global Climate Change
Chaos Theory And Global Climate Change I am currently attending the Southern Economic Association meetings in Fort Lauderdale, where the street facing the hotel was underwater during the most recent hurricane to pass through. Anyway, I saw a talk today that took me back to when I first learned about chaos theory, actuallly in the early 1970s before the word “chaos” was used for it. I learned about it and the butterfly effect, aka sensitive dependence on...
Read More »Methane Fuel Cells
OK so I don’t really have a post to go with the title. I just googled methane fuel cells. As usual, some engineers promise that they have solved the problem. The claim is that, with a new catalyst, methane (and oxygen of course) can be used to generate electricity at the temperature of an auto engine (500 c). They do not promise that the fuel cell is stable and especially don’t promise that it is stable if the fuel isn’t pure methane but rather...
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