Posts tagged “environmental regulations”
What Can Obama Do?
The President has begun his second term in office by saying that he will act on climate change, stating in his inaugural address: “We will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations.”
However, the question now becomes: what can President Obama do about climate change? He made action on climate change a central argument during his 2008 campaign and early in his first term, but failed in the effort to pass major emissions reduction legislation through Congress. While the stimulus had many important clean energy sections, it is unclear whether these will result in lasting changes in our economy.
Market-Based Actions Are Most Effective
Having tried and failed to pass major climate legislation through Congress in 2009 and 2010, and knowing that a polarized Congress is unlikely to address this again in the next few years, I believe that the Administration will move towards a two-pronged approach that uses regulation at home, but prioritizes action on climate as a tool of international relations.
(Read More: Why Climate Change is a Matter of National Security)
A coalition of scientists in the United States has released a report suggesting that as many as 353 coal-fired electricity plants in the country should be retired due to their extreme age and general inability to compete with cheaper alternatives like natural gas and wind power.
Issued by a group called the Union of Concerned Scientists, the report targets a total of 59 gigawatts of electric power generating capability across the country, representing more than 6 percent of the total amount of electricity used by American citizens and businesses. The plants in question, each well-aged and operating past their 30 year lifespan, generate the bulk of the nation’s pollutants and greenhouse gases; with the costs of keeping them up to official standards taken into account, the report suggests that none are worth maintaining in the long run. (Read More: The Death of American Coal Producers — and a Potential Lifeline)
That title will immediately raise some eyebrows, but I am not suggesting that we don’t need the environmental regulations we have. Rather, I just want people to understand that this is part of the cost for gasoline. I want them to understand that they aren’t getting a free lunch here. But by no means do I condone the watering down of environmental regulations in order to make gasoline cheaper. Rather, I want to reiterate something I wrote in a previous essay. When politicians enact new regulations, they need to have an understanding of what this means. First, this necessarily redirects capital that might have gone into expanding refining facilities. Second, it increases the costs of producing the fuel. Third, this… Continue»