Focus on Energy and Environment
By BRUCE BARTLETT,
Posted: March 09, 2011
A March 8 Morgan Stanley report argues that the run-up in oil prices is unlikely to trigger an economic downturn. A March 4 report from Morgan Stanley also examined this issue.
On March 1, the United Nations published an online book on “green” economic growth, the first in a series.
On February 28, the National Bureau of Economic Research published a working paper by University of California, San Diego, economist James Hamilton that examined past experiences with oil shocks. It finds that economic downturns always follow major shocks.
A February 23 discussion paper from Resources for the Future found that the economic effects of a carbon tax depend critically on how the revenue is used.
Also on February 23, the RAND Corporation published a study urging that the gasoline tax be replaced by a percentage tax on crude oil.
On February 15, the American Enterprise Institute published a study critical of the idea that green technology will be a major source of jobs.
In a February 10 commentary, environmentalist Bjørn Lomborg is skeptical that investments in alternative energy are going to create many so-called green jobs. Indeed, such investments may destroy more jobs than they create.
On February 8, the Census Bureau published a discussion paper on the effects of environmental regulation on the competitiveness of U.S. manufacturing. It finds that such regulation reduces total factor productivity and manufacturing output by about $25 billion per year.
On January 26, the Congressional Research Service published a report on energy R&D funding.
I last posted items on this topic on February 9.
Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He
and writes a
at The Fiscal Times. Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including the New York Times best-seller, Imposter: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy (Doubleday, 2006).