Scratch Pad

Thursday, March 01, 2007

Global warming roundup 03/07

"The Great Global Warming Hoax" shown on Channel 4 in Britian (opens in YouTube)

A tale of two markets on the, about carbon offsets
You are a carbon-emitting American, currently purchasing Q quantity of carbon-emitting electricity in your home market, which we'll call Market #1. You want to consume more electricity, but you worry about global warming. So you buy electricity in your local market, but offset this purchase by paying someone to build the equivalent generating power in windfarms in another market.
In your home market, your purchases are sending a signal: build more (dirty) power. You have shifted the demand curve outwards, so that at any given price, more power is consumed.

I guess I was too optimistic about the Senate and House hearings (opens in RealPlayer) on global warming on March 21--I honestly thought that the congressmen (both Republican and Democrat) would ask meaningful, intelligent questions, that they would attend the entire hearings, that they would be polite, etc, etc. Just goes to show that I'm awfully naive about our government. Anyway, here's some more coverage:

Iain Murray "Al's Warming Lies and the Real "Inconvenient Truth"
John Podhortez "Al Mighty Preacher Running out of Power"
Live-blogging the hearings at Powerline forums
"Cooler Heads" briefing on "An Inconvenient Truth"


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