The Trade Off Between Time and Cost in CO2 Emissions Growth Mitigation

It’s been a while since I did a post on CO2 emissions. In my last post, I explained how cap-and-trade (i.e. emissions trading) works. We also found that a true cap-and-trade policy is not any sort of tax. In fact, we found that it’s actually a market solution to the problem that markets are not always efficient at solving pollution problems. Even some extreme libertarians think it’s a brilliant way to reduce the need for government intervention and let the market solve it’s own problems.

Now a while back, one commenter said that he’d support laws reducing CO2 growth if there was “evidence that the net benefits of the efforts to reduce CO2 emissions exceed the net costs of doing so.”

Well, let’s start with the assumption that we’ve just waved our magic wand and we now have a world wide treaty (that no one plans to ever violate) that lays out how we can reduce CO2 growth in, say, 50 to 100 years but adds does not add additional costs to carbon, or at least none without plenty of time to prepare alternative energy sources first.

Continue reading

Puddleglum as a Skeptical Believer

Another reprint from Mormom Matters

My wife says I have a naturally skeptical personality, sometimes to the point of pessimism. I have probably passed up being a millionaire many times by refusing to take serious any network marketing scheme. And come to think of it, I’ve probably let many a conspiracy run amok due to my refusal to believe in conspiracies unless there is, ahem, some sort of evidence worth mentioning.

So maybe this is why I can relate to C.S. Lewis’ character, Puddleglum. Puddleglum is a wet blanket who is skeptical of just about everything. He’s as much a joy to read as he is joyless.

One day, while reading C.S. Lewis’ The Silver Chair I came across a passage that caused me to have one of those religious moments; you know, one of those rare moments where a truth that you are pretty sure you already knew suddenly gains clarity it never had before. I wish to share that moment with everyone:

Continue reading