Lynne Kiesling Several people have pointed out the remarkable fact that carbon dioxide emissions from fossil fuel combustion have fallen almost to 1995 levels. As the Institute for Energy Research noted, The Energy information Administration reports that energy-related carbon dioxide emissions in the United States are 2.4 percent less in 2011 than they were in … More CO2 emission reductions: fracking, recession, renewables?
Michael Giberson Lynne’s post on early commerce in ice reminded me that ice making has made other appearances in economic history. For example, some U.S. states once required a state license to make and sell ice. The question of the reasonableness of such licensing requirements reached the Supreme Court in 1932 in New State Ice … More Should ice-making be a regulated utility?
Michael Giberson CenterPoint Energy, the Houston-area electric distribution company, has launched MyTrueCost.com to help area retail electric customers shop for electric power. Help may be needed: currently 43 companies offer a total of 239 different service options in the CenterPoint service territory according to data from Powertochoose.org, the Texas PUC’s retail power website. The basic … More Smart shopping for electric power just got easier in Houston
Pierre-Olivier Pineau’s opinion piece in the Montreal Gazette makes a case for greater harmonization of electric power markets among Canadian provinces. … More Canada should better integrate electric power markets among provinces
Lynne Kiesling The history of the commercialization of the ice market is a multi-layered case study in market processes. Who knew? This Freeman article from David Hebert, an economics graduate student at George Mason University, tells the economic history of the origins of the long-distance ice industry in the U.S. in the early 19th century: … More Prices, property rights, profits … and ice?
Lynne Kiesling Matt Ridley helpfully points out something that’s grossly underappreciated in the sturm und drang over financial market competition and regulation in the past five years — the lessons of evolutionary biology apply to human-designed systems too, including financial market institutions and regulatory institutions: What is the cure? A change of personnel will not … More Bottom-up emergent order in financial markets?
In effect, US PREF analyzes subsidies as if the companies, workers, and investors have no alternative prospects for income and would consume less electric power in the absence of subsidies for solar PV projects. In addition, US PREF ignores conventional analytical tools for investment analysis (net present value, for instance) even as it tries to claim that the solar investment tax credit is a good investment. I’d rate the report a FAILED policy analysis. … More No, the federal solar power subsidy does not pay for itself