Here’s Nobel Prize-winning economist Paul Krugman’s recent column in the New York Times addressing the oft-discussed issue: Are efforts to achieve environmental sustainability necessarily damaging to the strength of the economy?
As usual, as we dig deeper into subjects like this, we learn that there are important complexities.
In this case, some efforts to decarbonize open up huge economic opportunities.
Krugman uses the “carrot and stick” metaphor and points out that carrots like financial bonanzas tends to work better than sticks, like taxes. Yet, in reality, our society is too far from where it was a few decades ago, where the consumption of fossil fuels becomes extremely unattractive the moment someone is asked to cover the costs of the environmental damage associated with climate change, ocean acidification, and loss of biodiversity.
Renewable Energy
Explore Commercial Heat Pump Warranties: What Cyanergy Offers?
Renewable Energy
Handing the Keys to the Kingdom over to the Chinese
When I argue for environmental responsibility and the decarbonization of the grid, I often say:
I know there are people who believe, perhaps because this is what they’re told by Donald Trump, that climate change is a hoax. But are there people who don’t believe in cancer? In the importance of our country’s investing in the industry that is destined the dominate the 21st Century?
Trump will be gone soon. Maybe you and I will be gone (in a different sense) before the effects of this administration’s folly in the EV and cleantech industry are fully felt.
But it’s inevitable, unless we turn this around, and soon.
Renewable Energy
Small, Vertical-Axis Wind Turbines (VAWTs)
In preparation for my first book, “Renewable Energy – Facts and Fantasies,” I interviewed Ray Lane, then managing partner of Kleiner Perkins, one of the world’s great venture capital firms, who told me about his stance with his prospects, “You build the first one. I’ll invest in the next 20. Then we’ll take the thing public and use that cash to build the next 5000.”
I’m 99+% sure that the “first one” of these will never be built, i,e., installing these VAWTs at the base of functioning wind farms. The concept is asinine, as it defies the laws of fluid dynamics.

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