Climate Change

Archive for Climate Change

Murphy Testimony to the EPW Senate Committee

Here’s my full written testimony, and below is my 5-minute summary. Needless to say, Senators Boxer, Whitehouse, and Sanders didn’t care for my thoughts on the social cost of carbon.

Potpourri

==> I’m getting ready for my trip to Mordor next week, so blogging is still sparse. I’m really looking forward to posting the YouTube videos of the presentations from our panelists at the IER Carbon Tax conference, especially for you professional free-market economists who read this blog. I think you’re going to be surprised by […]

Federal Government Changes Own Recommended Discount Rate When It Comes to Climate Change

[UPDATE below.] As I explained when the May update came out, the Obama Administration’s “working group” on the “social cost of carbon” reports figures that vary crucially depending on the discount rate we choose. According to the updated document, the negative externality associated with one ton of carbon dioxide emissions in the year 2010 was: […]

Last Chance: Sign up for “Adventures in Energy Economics”

One last plug: In a couple of hours we start the first class of my Mises Academy online class on energy economics.

The Social Cost of Carbon

I discuss some interesting facts about the modeling results, and remind people to sign up for my class on Energy Economics.

My Opponents OutDo Me

During my debate with MMT guru Warren Mosler last week (raw video available here), I thought I had some good zingers that I was anxious to unleash on poor Warren. For example, I had an analogy for MMT, in which a couple is worried about their finances, and the wife says she will take a […]

Obama Administration Increases Estimate of “Social Cost of Carbon”

For you wonky types, I walk through the White House’s humongous increase in the estimated “social cost of carbon.” An excerpt: As the above table illustrates, the latest White House “update” isn’t a minor tweaking of the numbers, polishing off a few decimal places, as it were. No, depending on which framing of “the” social […]

Potpourri

==> I realize this is childish, but these naughty K-Mart commercials (here and here) made me chuckle. (Thanks to Sam T.) ==> The CBO came out with a report last week, which many will think makes a slam-dunk case for a carbon tax. But using the very same CBO report, I can show how dubious […]