California’s climate policy crisis

California’s climate policy crisis

In May, California’s quarterly cap-and-trade auction imploded, with 90% of available allowances failing to find a buyer. Had these allowances sold at the minimum auction price, they would have brought in more than $990 million in total revenue—$550 million of which...
Ordinary miracles

Ordinary miracles

Some have criticized Bill Gates for saying that ‘we need an energy miracle’, suggesting this will be interpreted as Bill Gates saying that we should do nothing but sit around and wait for a miracle to occur.  I cannot speak for Bill Gates, but I can talk about what I...