Market is Solving Climate Change

These utilities will lose. Technology is rendering their state-protected monopolies worthless. They can either evolve or die.

Environmental & Natural Resource Economics: The Austrian ViewYep, what is it they say? If you can’t run with the big dogs, stay on the porch.

Actually, Gastonne may be underestimating “Big Energy.” If I was a Big Energy Mogul, you can bet my R&D department would be working feverously on alternative sources. 

In the same way, if I was a Big Tobacco Mogul, my R&D department would have been researching the production of marijuana for a long time now.  — jtl, 419

STAFF NEWS & ANALYSIS

By Philippe Gastonne via The Daily Bell

The Betrayed: On Warriors, Cowboys and Other MisfitsDon’t hold your breath, but future historians may look back on 2015 as the year that the renewable energy ascendancy began, the moment when the world started to move decisively away from its reliance on fossil fuels. Those fuels – oil, natural gas, and coal – will, of course, continue to dominate the energy landscape for years to come, adding billions of tons of heat-trapping carbon to the atmosphere. For the first time, however, it appears that a shift to renewable energy sources is gaining momentum. If sustained, it will have momentous implications for the world economy – as profound as the shift from wood to coal or coal to oil in previous centuries. – Grist.org, April 16, 2015

Combat Shooter's HandbookReconnaissance Marine MCI 03.32f: Marine Corps InstitutePoliticians like Al Gore have made millions whipping crowds into a frenzy over “Climate Change,” the newer term for what they once called “Global Warming.”

The Essence of Liberty: Volume I: Liberty and History: The Rise and Fall of the Noble Experiment with Constitutionally Limited Government (Liberty and ... Limited Government) (Volume 1) The Essence of Liberty: Volume II: The Economics of Liberty (Volume 2) The Essence of Liberty: Volume III: A Universal Philosophy of Political Economy (Liberty: A Universal Political Ethic) (Volume 3) Whether or not one believes the world is in peril, fossil fuels are certainly not pleasant. No one enjoys breathing exhaust fumes or having frackers move in across the street. We accept the disadvantages because the fossil fuel cost-benefit calculation outweighs the alternatives.

A Handbook for Ranch Managers Planned Grazing: A Study Guide and Reference Manual This is beginning to change, and the way it is changing is a classic illustration of markets beating government to the best answer.

In short, supply and demand sets prices, and prices drive behavior. No one willingly spends more than necessary to buy energy or anything else. Crude oil prices near $100 drove development of cheaper alternatives. Climate change concerns no doubt helped, but price was the main factor.

Potential profits are always an excellent incentive. They worked this time, too. The cost of solar photovoltaic cells has fallen 75% since 2009. In sunny tropical regions, solar-generated electricity is now competitive with coal, oil and gas. It is cleaner, less expensive, more reliable and does not require extensive infrastructure.

Even Dubai, which you might think would favor the oil sheiks who built it, is building a $330 million solar electricity plant that will generate 200 megawatts of clean energy. The builders promise to deliver electricity for a cost about one-third less than a natural gas plant of the same capacity.

When an industry can undercut the competition’s price by 30% or more, the competition does not have a chance. The established players will survive only as long as they can use political influence to protect their turf. Electric utilities in Hawaii and Arizona, among other places, are desperately throwing up hurdles for homeowners with rooftop solar cells.

These utilities will lose. Technology is rendering their state-protected monopolies worthless. They can either evolve or die.

This doesn’t mean fossil fuels will disappear completely. Battery-driven cars still have serious limitations, but Tesla and others are making rapid progress.

Did Al Gore’s climate change agitation set this process in motion? Maybe, but it would have happened anyway. The economics are simply too attractive. Tax incentives may actually have slowed down the process by subsidizing relatively inefficient technologies.

The bottom line is the same. Fossil fuel demand will fall rapidly over the next few decades. Whatever danger our oil addiction creates for the environment will recede quickly. If we’re lucky, decentralized energy might bring decentralized government along with it.

Who knew Al Gore would help the free market so much?

Environmental and Natural Resource Economics: The Austrian View

edited by

Dr Jimmy T (Gunny) LaBaume

Is now available in both PAPERBACK and Kindle

BookCoverImageMurray N. Rothbard was the father of what some call Radical Libertarianism or Anarcho-Capitalism which Hans-Hermann Hoppe described as “Rothbard’s unique contribution to the rediscovery of property and property rights as the common foundation of both economics and political philosophy, and the systematic reconstruction and conceptual integration of modern, marginalist economics and natural-law political philosophy into a unified moral science: libertarianism.”

This book applies the principles of this “unified moral science” to environmental and natural resource management issues.

The book started out life as an assigned reading list for a university level course entitled Environmental and Natural Resource Economics: The Austrian View.

As I began to prepare to teach the course, I quickly saw that there was a plethora of textbooks suitable for universal level courses dealing with environmental and natural resource economics. The only problem was that they were all based in mainstream neo-classical (or Keynesian) theory. I could find no single collection of material comprising a comprehensive treatment of environmental and natural resource economics based on Austrian Economic Theory.

However, I was able to find a large number of essays, monographs, papers delivered at professional meetings and published from a multitude of sources. This book is the result. It is composed of a collection of research reports and essays by reputable scientists, economists, and legal experts as well as private property and free market activists.

The book is organized into seven parts: I. Environmentalism: The New State Religion; II. The New State Religion Debunked; III. Introduction to Environmental and Natural Resource Economics; IV. Interventionism: Law and Regulation; V. Pollution and Recycling; VI. Property Rights: Planning, Zoning and Eminent Domain; and VII. Free Market Conservation. It also includes an elaborate Bibliography, References and Recommended Reading section including an extensive Annotated Bibliography of related and works on the subject.

The intellectual level of the individual works ranges from quite scholarly to informed editorial opinion.

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About Land & Livestock Interntional, Inc.

Land and Livestock International, Inc. is a leading agribusiness management firm providing a complete line of services to the range livestock industry. We believe that private property is the foundation of America. Private property and free markets go hand in hand—without property there is no freedom. We also believe that free markets, not government intervention, hold the key to natural resource conservation and environmental preservation. No government bureaucrat can (or will) understand and treat the land with as much respect as its owner. The bureaucrat simply does not have the same motives as does the owner of a capital interest in the property. Our specialty is the working livestock ranch simply because there are so many very good reasons for owning such a property. We provide educational, management and consulting services with a focus on ecologically and financially sustainable land management that will enhance natural processes (water and mineral cycles, energy flow and community dynamics) while enhancing profits and steadily building wealth.
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