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Economic Freedom: A No Regrets Strategy for Reducing Global Energy Consumption

An interview with Todd Wynn on his paper Economic Freedom: A No Regrets Strategy for Reducing Global Energy Consumption
 

Featured Cascade Policy Institute Reports:

 
Economic Freedom: A No Regrets Strategy for Reducing Global Energy Consumption

Todd Wynn

April 2010

Summary: This empirical study exposes a relationship between greenhouse gas intensity, energy intensity and economic freedom. The level of a country’s economic freedom is a statistically significant and negative determinant of both energy intensity and greenhouse gas intensity. Countries with higher levels of economic freedom not only have more energy efficient and less carbon intensive economies, but over time these countries continue to decrease the amount of energy used and the amount of carbon dioxide emitted per unit of production. The merits of free markets and economic prosperity should not be overlooked as a potential method for reducing carbon emissions.

Climate Swindle: The Mirage of Carbon Offsets

Todd Wynn

March 2010

Summary: This report offers an in-depth look into one of the most prominent carbon offset marketers in the United States, the Bonneville Environmental Foundation (BEF). The audit casts serious doubt on whether carbon offsets will ever be a product that can be verifiable and additional. The problems that plague the carbon offset concept will most likely never be solved, meaning that the offset mechanism will always be questionable in delivering real verifiable reductions in greenhouse gases

Driving the Economy: Automotive Travel, Economic Growth, and the Risks of Global Warming Regulations

Randall J. Pozdena, Ph.D.

November 2009

Summary: Concerns about climate change necessarily have focused attention on the energy and carbon “footprint” of various sectors of the economy. Particular attention has been focused on the transportation sector and private vehicle travel in particular. For example, the May 15, 2009 proposal by Senators Jay Rockefeller and Frank Lautenberg requires that the next federal transportation bill “reduce national per capita motor VMT on an annual basis.” With some state climate initiatives calling for reductions in carbon emissions of as much as 40 percent of today’s levels in a decade, further focus on the transportation system and private highway use is inevitable.

Money For Nothing: The Illusion of Carbon Offsets

Todd Wynn

February 2009

Summary: Because cap-and-trade programs and other wide-ranging carbon emission reduction strategies rely heavily on offsets to reduce compliance costs, Cascade Policy Institute audited the leading offset provider in Oregon, the Climate Trust. This report takes a close look into the Climate Trust’s offset portfolio and shows that numerous problems undermine the quality and true effectiveness of the organization’s purpose.

Oregon Greenhouse Gas Reduction Policies: The Economic and Fiscal Impact Challenges

Randall J. Pozdena, Ph.D. and Eric Fruits, Ph.D.

September 2008

Summary: In 2008, Cascade Policy Institute undertook this independent economic study with QuantEcon, Inc. in order to assess the quantifiable and measurable costs associated with a cap-and-trade program or any other wide-ranging greenhouse gas reduction strategy. The study finds that economic vitality, energy use and carbon dioxide emissions have been tightly co-integrated historically, and that energy strongly “causes” economic vitality. Because of this, the costs to Oregon’s economy of meeting the emission reduction goals of Governor Ted Kulongoski’s Climate Change Agenda are substantial. The study predicts that by 2020 Oregon’s economic growth would be cut approximately in half, there would be 90,000 fewer jobs, and state and local revenues would be $4.4 billion dollars lower.

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The Economic Analysis of the Western Climate Initiative’s Regional Cap-and-Trade Program

David Tuerck, Ph. D., Paul Bachman, MSIE, Alfonso Sanchez-Penalver, MSF, and Michael Head, MSEP., Beacon Hill Institute
March, 2009

Summary: In a thorough review of the claims made by the Western Climate Initiative (WCI), the Beacon Hill Institute at Suffolk University identified several flaws made by the seven state consortium, calling into question so-called regional cost savings ranging between $11.4 billion and $23.5 billion. These flaws render WCI’s projections useless in determining the WCI’s cost to state economies. Beacon Hill Institute found that WCI’s policy recommendations “would have substantial negative effects” on the economies of its member states. BHI determined that, by 2020, Oregon would lose from 1,823 to 10,748 private sector jobs and would find total personal income diminished, falling by $320.6 million to $2,419.17 million per year.

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