Tag: carbon-dioxide

Blinder Understates Cost of Carbon Tax

Filed in AMAG, BP, deflation, economy, job creation, lead, Lear, New Gold, o, Spot Gold by on February 4, 2011 0 Comments

In a recent article in the Wall Street Journal , Alan Blinder listed numerous alleged benefits of a phased-in carbon tax. Out of his entire column, he devoted a single sentence to the possible downside of his plan when he wrote, “No one likes to pay higher taxes.” A more balanced assessment shows that a carbon tax presents very real dangers, even if we rely on the same economic analysis that so enthralled Blinder. Spurring Innovation through Higher Taxes? Here’s Blinder explaining the economic benefits of a carbon tax that starts out low, but will eventually become quite steep: “Once America’s entrepreneurs and corporate executives see lucrative opportunities from carbon-saving devices and technologies, they will start investing right away — and in ways that make the most economic sense. I don’t know whether all this innovation will lead to 80% of our electricity being generated by clean energy sources in 2035, which is the president’s goal. But I can hardly wait to witness the outpouring of ideas it would unleash. The next Steve Jobs, Bill Gates and Mark Zuckerberg are waiting in the wings to make themselves rich by helping the environment.” We should also be clear that Blinder’s argument for job creation does not rely on the “negative externalities” of carbon emissions. Earlier in the piece, he made a list of the “few nice side effects” that would result from a carbon tax: “reducing our trade deficit, making our economy more efficient, ameliorating global warming …” Because he puts global warming at third in the list, we see that there is nothing peculiar to greenhouse gases behind his main argument for job creation. No, Blinder is making the simple observation that if the government imposes artificial costs on the…

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Hillary Clinton Gives $50 Million In Taxpayer Money To UN For Cooking Stoves

Filed in gld, Gold, Gold Spot Market, lead by on September 21, 2010 0 Comments
Hillary Clinton Gives $50 Million In Taxpayer Money To UN For Cooking Stoves

Jeff Mason Reuters Tuesday, September 21, 2010 NEW YORK, Sept 21 (Reuters) – Secretary of State Hillary Clinton will announce on Tuesday a U.S. contribution of more than $50 million toward providing clean cooking stoves in developing countries to reduce deaths from smoke inhalation and fight climate change. The U.S. funding, which will be spread over five years, is part of a Global Alliance for Clean Cookstoves being started to combat a problem officials equate with malaria and unclean water in terms of their health impact worldwide. (ARTICLE CONTINUES BELOW) Having A Supply Of Healthy Foods That Last Just Makes Sense (AD) Some 1.9 million premature deaths, mostly among women and young children, occur every year due to smoke inhalation from rudimentary stoves, which in many cases consist of a few stones and an open fire inside or outside a shelter, officials said. Smoke from such cooking methods can lead to childhood pneumonia, lung cancer, bronchitis and cardiovascular disease while contributing to climate change through emissions of carbon dioxide and methane — two major greenhouse gases — and black carbon. Full story here.

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Fizzing out with Rutgers

Filed in gld, Gold by on August 25, 2010 0 Comments
Fizzing out with Rutgers

From a Rutegers press release Rutgers researchers find a ‘great fizz’ of carbon dioxide at the end of the last ice age Relevance for geo-engineers: What fizzed once, can fizz again Imagine loosening the screw-top of a soda bottle and … Continue reading →

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Kerry, Lieberman Not Worried Cap-and-Trade Bill Will Hurt Democrats

Filed in Bank Gold, Gold Spot Market by on June 17, 2010 0 Comments

CNSNews.com | The American Power Act was unveiled in May and would establish a nationwide cap-and-trade system that would regulate the amount of carbon dioxide emitted into the atmosphere.

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World Energy Use to Grow 49% Between 2007 and 2035

Filed in Gold Prices, lead, recession, silver by on May 25, 2010 0 Comments

May 25, 2010 – The EIA reported this morning that world energy use is forecast to grow 49% between 2007 and 2035, noting that “renewables are the fastest-growing source of world energy supply” although fossil fuels will still meet more than 75% of total energy needs in 2035 – all things being equal. Other key findings: China and India are among the nations least impacted by the global recession, and they will continue to lead the world’s economic and energy demand growth into the future. In 2007, China and India together accounted for about 20% of total world energy consumption. With strong economic growth in both countries over the projection period, their combined energy use more than doubles by 2035, when they account for 30 percent of world energy use in the IEO2010 Reference case. In contrast, the projected U.S. share of world energy consumption falls from 21 percent in 2007 to about 16 percent in 2035. In the Reference case, oil prices rise to $108 per barrel by 2020 (in real 2008 dollars) and $133 per barrel by 2035. Total liquid fuels consumption projected for 2035 is 28 percent or 24.5 million barrels per day higher than the 2007 level of 86.1 million barrels per day. From 2007 to 2035, total world energy consumption rises by an average annual 1.4 percent in the IEO2010 Reference case. Strong economic growth among the non-OECD (Organisation for Economic Cooperation and Development) nations drives the increase. Non-OECD energy use increases by 2.2 percent per year; in the OECD countries energy use grows by only 0.5 percent per year. In the absence of additional national policies and/or binding international agreements that would limit or reduce greenhouse gas emissions, world coal consumption is projected to increase from 132 quadrillion Btu in 2007 to 206 quadrillion Btu in 2035, at an average annual rate of 1.6 percent. China alone accounts for 78 percent of the total net increase in world coal use from 2007 to 2035. World net electricity generation increases by 87 percent, from 18.8 trillion kilowatthours in 2007 to 35.2 trillion kilowatthours in 2035. Renewables are the fastest growing source of new electricity generation, increasing by 3.0 percent per year in the Reference case; followed by coal-fired generation, which increases by 2.3 percent per year. In the IEO2010 Reference case, energy-related carbon dioxide emissions rise from 29.7 billion metric tons in 2007 to 42.4 billion metric tons in 2035–an increase of 43 percent. Much of the increase in carbon dioxide emissions is projected to occur among the developing nations of the world, especially in Asia.

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CLIMATEGATE – Rudd throws more billions down a hole in the ground

Filed in Bank Gold, Gold, Gold Spot Market by on May 12, 2010 0 Comments

AUSTRALIA’S focus for slowing climate change – the planned storage of power-station carbon dioxide emissions – has been dismissed by a US study as “profoundly non-feasible’’. WRH permalink

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Guardian Continues To Spread Misinformation About Eyjafjallajokull

Filed in Gold, Gold Spot Market by on April 21, 2010 0 Comments
Guardian Continues To Spread Misinformation About Eyjafjallajokull

By Steven Goddard Yesterday WUWT reported on the inaccurate #1 environmental story at Guardian. The Guardian article originally read : The volcanic eruption has released carbon dioxide, but the amount is dwarfed by the savings. Based on readings taken by scientists during the first phase of Eyjafjallajokull activity last month, the website Information is Beautiful calculated the volcano has

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Earth follows the warming: soils add 100 million tons of CO2 per year

Filed in Gold, Gold Spot Market by on March 25, 2010 0 Comments
Earth follows the warming: soils add 100 million tons of CO2 per year

From the Pacific Northwest National Laboratory: Soils release more carbon dioxide as globe warms The researchers overlaid the soil respiration database — which is openly available for the scientific community to add to — on Google Earth. COLLEGE PARK, Md. – Twenty years of field studies reveal

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Using Smokestack Gases to Pump Oil

Filed in economy, Gold, Gold Bullion prices by on February 17, 2010 0 Comments

Carbon dioxide pouring from smokestacks hardly has a reputation as a valuable commodity. But one company has launched a series of projects to see if it can use the refuse of the industrial economy to breathe new life into tired oil fields. How well Denbury Resources Inc.'s projects go will be closely watched not just by environmentalists but other oil producers. For decades, companies have pumped naturally-occurring carbon dioxide from geological basins into existing oil wells. The gas acts like a solvent for the oil, removing it from rock formations. Original Article: Forum: News/Activism

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Climate talks end with eye on next year

Filed in Gold, Gold Bullion prices by on December 19, 2009 0 Comments

COPENHAGEN – A historic U.N. climate conference ended Saturday with only a nonbinding “Copenhagen Accord” to show for two weeks of debate and frustration. It was a deal short on concrete steps against global warming, but signaling a new start for rich-poor cooperation on climate change. The agreement brokered by President Barack Obama with China and others in fast-paced hours of diplomacy on Friday sets up the first significant program of climate aid to poorer nations. But although it urges deeper cuts in emissions of carbon dioxide and other gases blamed for global warming, it does nothing to demand them…. Original Article: Forum: News/Activism

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EPA about to declare CO2 dangerous – ssshhh! – Don’t tell the trees

Filed in Gold by on December 6, 2009 0 Comments
EPA about to declare CO2 dangerous – ssshhh! – Don’t tell the trees

I can’t find the words to describe the illogic behind the EPA with this ruling. Perhaps it is best to say that bureaucrats don’t understand anything but regulations and leave it at that. WASHINGTON – The U.S. Environmental Protection Agency will early next week, possibly as soon as Monday, officially declare carbon dioxide a public danger,

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Forecast: Expect Temperatures to Rise in Copenhagen

Filed in Gold, Gold Bullion prices by on December 5, 2009 0 Comments

With the scientific consensus more or less settled that human activity — the burning of fossil fuels, torching of forests, and so forth — is contributing to a warmer and less hospitable planet, one might reasonably ask, why is it so hard to agree on a plan to curb those activities?The answer lies with the many fault lines that cut through the debate over climate change…RICH NATIONS VS. POOR NATIONSWho should pay whom for what — and how much?…DEVELOPED VS. DEVELOPING ECONOMIESThis is where postindustrial economies like the United States and Europe, which became prosperous by burning carbon-dioxide-spewing fossil fuels,… Original Article: Forum: News/Activism

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