I attended an excellent briefing  today on “Creating a low-carbon future” by Michael Howard of the Electric Power Research Institute (EPRI).  The event  was hosted by the U. S. Energy Association and its executive director, Barry Worthington.   EPRI has done a lot of work on how the electricity sector could meet the greenhouse gas emissions target in the Waxman-Markey energy-rationing bill.  That target is economy-wide emissions 83% below 2005 levels by 2050.

Howard said that EPRI wanted to identify a strategy…

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Global warming may or may not be a problem.  Man may or may not be driving it.  Given the uncertainties, a significant amount of global regret may apply if we divert too much of our global wealth to solving what may be a non-existent or trivial problem, especially if that diversion mires billions in poverty.  On the other hand, we may also regret not doing anything if man-made global warming does turn out to be a problem.  It is therefore…

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