According to the Economist, some investors are betting that, as the climate warms, agriculture will become more profitable in high-latitude regions such as Canada’s Manitoba. Russia is already leasing uncultivated acreage on its eastern edge to Asian investors to produce soybeans. Furthermore, more carbon dioxide (the supposed cause of warming) helps vegetation grow. “The buildup…
Tag: Climate Change
No Oil from Federal Lands but Low-cost Leases for Renewables
Last January, a week after he became president, Joe Biden suspended oil and gas leasing on public lands, pending a full Interior Department review. That suspension was put on hold by a federal court in June after 14 states sued to overturn it. Now, the Biden administration is trying to open up federal lands for…
Another Mixed Review for Nordhaus on Climate Change
In general, economists like William Nordhaus. He understands the role of prices, has highlighted the value of innovation, and received a Nobel Prize in 2018 for tackling the costs and benefits of global warming. That work revealed that the costs of trying to mitigate global warming too severely can outweigh the benefits. But David Henderson,…
Search for Profits Will Spur Adaptation to Climate Change
Let’s suppose that global temperatures keep increasing. Can we adapt? Yes, says UCLA professor Matthew E. Kahn, writing for PERC Reports. “As millions of U.S. households and billions of people around the world seek new solutions to adapt to climate change, there is a huge market for firms that can devise products that help people…
A Warning to Republicans on Climate Change
Ben Zycker has a message for Republicans: The Democrats have the facts about climate change all wrong, but they still hold the moral and so-called “scientific” high ground. Republicans and other conservatives should not dismiss their claims but understand and explain why they are off-base. Zycher, a senior fellow at the American Enterprise Institute, writes…
Don’t Believe the Hype Over IPCC Climate Predictions
Are we headed for disaster? The UN’s Intergovernmental Panel on Climate Change seems to say so in its latest report. Or does it? “As usual, the media and politicians are exaggerating and distorting the evidence in the report,” writes Steven Koonin in the Wall Street Journal. He is a former energy official in the Obama…