- U.S. and Canada compete in subsidies! Canada will pay Volkswagen $750 million to help it build a battery factory, plus billions based on future battery production.
- Biden promises $1 billion for international “Green Climate Fund,” plus $500 million to slow deforestation in Brazil (if Congress is willing).
- Gary Galles: Property rights provide profit incentives to reduce environmental costs and damage.
- “There is no tipping point beyond which Mother Earth wrestles control of the whole climate system away from human beings and proceeds to punish us for our sins.”
Tag: Subsidies
Here’s How Hard It Will Be for Consumers to Get EV Subsidies
First, if you’re married and earn more than $300,000, you’re not eligible. But that’s just the beginning. Other criteria reported by John Rosevear at CNBC: Vehicle price caps. Cars priced above $55,000, and trucks, vans and SUVs priced over $80,000, aren’t eligible for the tax credit. Made in North America. Only EVs that “undergo final assembly”…
Monday Highlights
- The last New England coal-fired power plant may bite the dust.
- What “Biden’s war on mining” is doing to this country.
- “Green subsidies” in the Inflation Reduction Act “will cost $1.2 trillion—more than three times what the law’s supporters claimed.”
- Oil production from shale is on the decline and the nation may have reached “peak shale”—that is, a level that cannot be sustained. (Hard to believe, actually, since production varies with the price of oil.)
Cashing In on Climate Change Subsidies: It Helps to Be Rich
Somini Sengupta of the New York Times has candidly shared an analysis of “how to get government aid to ditch fossil fuels.” Here’s a sample (Sengupta cites research by two colleagues). “How do you cash in?” she asks. Her answers: “For those of you who own a single-family home, if you can fork out the…
Wind and Solar Won Big, Says Robert Bryce. Here’s How Big.
“Big Wind and Big Solar won’t have to stop feeding at the federal trough for decades to come,” writes Robert Bryce in Forbes. In the gigantic bill just signed by the president: “[T]he tax credits for solar and wind are the most expensive energy-related provisions in the tax code. Between 2021 and 2031, the tax…
Are Wood Pellets Carbon-Free? Of Course Not, But They Are Defined That Way and Here’s Why
The European Union is considering removing a rule that—in the effort to meet international carbon-reduction goals—has been defining wood pellets as “carbon-free” fuels. That special elevation of wood pellets has made their production a thriving industry in the United States, which exports substantial amounts of wood pellets to England and other parts of Europe. However,…