Ncpa June0309

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A lecture to Capitol Hill staffers on "no regrets" solutions to the global warming problem

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Ncpa June0309

  1. 1. Ten Cool Policies Iain Murray NCPA Press Conference Washington DC June 3 2009
  2. 2. Why a No-Regrets Policy? <ul><li>Global warming has the potential to be a serious problem </li></ul><ul><li>Mitigation with current technologies will be extremely expensive </li></ul><ul><li>Most mitigation needs to take place in developing world </li></ul><ul><li>Result means impasse over mitigation at national and international levels </li></ul><ul><li>No-Regrets Policy allows for action now </li></ul>
  3. 3. Is Emissions Reduction Easy?
  4. 4. The Real Cost of Global Warming
  5. 5. Example: CAFE vs ATC Reform <ul><li>We are pursuing some policies despite obvious harm, and ignoring others despite obvious benefits </li></ul><ul><li>CAFE increases will harm domestic auto industry, cost jobs and deliberately provide zero benefits </li></ul><ul><li>ATC reform will provide about the same GHG reduction, and real benefits </li></ul>
  6. 6. Effect of CAFE Standards <ul><li>Aggressive targets of 5.8% improvement per year to 2016 </li></ul><ul><li>Proposal delivers zero net societal benefits </li></ul><ul><li>Cost - 50,000 auto manufacturing jobs in five years </li></ul><ul><li>Cost unaccounted for – 800 extra road deaths </li></ul><ul><li>Reduces oil use by 256m barrels per year </li></ul><ul><li>Reduces GHG emissions by 100 billion pounds per year </li></ul><ul><li>Clears way for regulation of GHGs from stationary sources, with massive costs per household </li></ul>
  7. 7. Effects of ATC Reform <ul><li>Free flight reduces flight time and jet fuel usage </li></ul><ul><li>SAS airlines green landings save </li></ul><ul><li>US reform would deliver huge time benefits to passengers and reduce costs to airlines </li></ul><ul><li>Reduce oil use by 146m barrels per year = $8 billion stimulus </li></ul><ul><li>Reduce GHG emissions by 57 billion pounds </li></ul>
  8. 8. Reduce Regulatory Barriers to Innovation <ul><li>Regulation often locks in technologies </li></ul><ul><li>Innovation is discouraged </li></ul><ul><li>Environmental Law Institute, Business Roundtable identified considerable regulatory barriers </li></ul><ul><li>Baptist and Bootlegger alliances </li></ul><ul><li>“Scrubbers” versus cleaner fuel </li></ul>
  9. 9. Biotechnology <ul><li>In 2001, biotech plants increased US food production by 4bn pounds, saved $1.2 bn in costs and decreased pesticide use by 46m pounds </li></ul><ul><li>Air, soil, water quality improved (less tillage, less spraying, less fuel) </li></ul><ul><li>Fast growing trees have significant carbon sequestration potential </li></ul><ul><li>USDA imposes significant delay in introduction </li></ul><ul><li>Compare with problems of ethanol </li></ul>
  10. 10. Yet More Policies <ul><li>These 10 policies are just the beginning </li></ul><ul><li>Many more could be added, e.g. </li></ul><ul><ul><li>Reduce barriers to telecommuting </li></ul></ul><ul><ul><li>Encourage nanotechnology </li></ul></ul><ul><ul><li>Encourage investment in rail freight infrastructure </li></ul></ul><ul><li>This is not whole free-market program </li></ul><ul><ul><li>Focused adaptation </li></ul></ul><ul><ul><li>Measures to increases resiliency </li></ul></ul>

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