Blog

Big Mistake

by William Yeatman on May 13, 2008

in Blog

Senator McCain gave a speech in Portland, Oregon Monday reiterating and explaining his longstanding support for a “cap-and-trade” approach to global warming. He proposes that the government require reductions in greenhouse-gas emissions but allow companies to trade emissions credits, supposedly creating an efficient, market-based distribution of the regulatory burden. Support for this policy is the biggest mistake his campaign has made so far.

Congress seems ready to spend billions on a new "Manhattan Project" for green energy, or at least the political class really, really likes talking about one. But maybe we should look at what our energy subsidy dollars are buying now.

The latest stop on John McCain's policy tour came at an Oregon wind-turbine manufacturer, where the topic was – what else? – the Senator's plan to address climate change. This is one of those issues where Mr. McCain indulges his "maverick" tendencies, which usually means taking the liberal line. That was the case yesterday, no matter how frequently he claimed his approach was "market based."

Republican White House candidate John McCain Monday veered sharply away from President George W. Bush on climate change, saying he would not "shirk" from the need for US global leadership.

 

Paul Chesser, Climate Strategies Watch

Nice to see Ryan Radia's piece in the Des Moines Register today after yesterday's abominable piece reporting on what global climate change "means to Iowa." As usual the article ignores real global trends (no temp increase in last 10 years; oceans not warming; Antarctic sea ice increase; record cold winter; etc.) and instead regurgitates the IPCC Summary schtick and alarm-sounding from the Center for Climate Strategies, U. of Iowa prof Jerald Schnoor, and Iowa State U. global warming studier Eugene Takle.

"People are more worried," Takle was quoted without reporter curiousity or devil's advocacy.

Anyway, according to the Register, what does this all "mean to Iowa?" Let us count the "coulds," "ifs," "likely's," and "mights:"

"If we do this smart, we will create green jobs, improving the economy and cutting greenhouse gases," Schnoor said…

Scientists have noted for years that more carbon dioxide, which feeds plants, will likely mean booming crop yields. Takle said the longer period between the spring thaw and the return of frost in winter could mean longer growing seasons. The changes could open the door for farmers to grow two, maybe even three, crops a season, Takle said…But weather and climate changes could dampen the gains…For example, crop yields could drop 40 percent by 2100 because of higher levels of ground-level ozone…

Moisture in the air will likely increase because water vapor is the most prevalent greenhouse gas. Over time, this results in higher temperatures day and night….

Warming might make water shortages a bigger issue in Iowa, where a boom in ethanol plants and hog confinements have already strained supplies….

Milder temperatures could mean savings on home-heating bills, Takle said. It also could provide more groundwater recharge in periods of fast snowmelts. On the down side, look for more freeze-thaw cycles, damaging roads and bridges and altering growing seasons…

Deer, skunks and raccoons could benefit from a smorgasbord of new plant growth in places, but they might spread rabies and other diseases farther….

Of course, sprinkled about are claims made with more certainty, all based upon computer models fed by who-knows-what kind of data. Meanwhile the Register clings to only their kind of experts and ignores the respected Joe D'Aleo– and William Gray-types within meteorology and atmospheric science.

 

Even before the media turned on ethanol, commodities markets were growing volatile because of record prices and subsequent speculation. A legislative assault on ethanol would add further uncertainty to the market, eroding price stability and endangering the utility of futures contracts and options – the two hedges that have protected Iowa farmers for a half-century from the boom-and-bust cycle that plagued their forefathers.

Do today's soaring food prices and Third World food riots mean we're headed for global famine?

 

Not any time soon-if we suspend the biofuels mandates quickly. Unfortunately, if we keep burning corn, wheat, and palm oil in our vehicles, there's no limit to the hunger, malnutrition, wildlife extinction and political disruption we can cause.

EU Industry Commissioner Guenter Verheugen is dead against the current plans by the European Commission to reduce CO2 emissions for new cars. He is warning against rules that interfere in the private life of citizens.

A senior EU official said Sunday that a European Union deadline to cut carbon dioxide emissions from new cars by 2012 was unrealistic, according to an interview with a German newspaper.

 

When heralded Canadian environmentalist Lawrence Solomon first set out two years ago – on a bet, no less – to find credible dissenters to the well-entrenched climate change dogma, he thought he might perhaps unearth enough material for a few National Post columns. Instead, like Alice passing through the looking glass, Mr. Solomon entered a world wherein it soon became clear the much-ballyhooed idea of a "scientific consensus" was as nonsensical as "Jabberwocky."