The Economic Impact of Global Warming Legislation

A few weeks ago the Rio Grande Foundation and CARE hosted global warming expert James Taylor at events in Albuquerque and Santa Fe. The event was a great success, but if you were unable to attend (or even if you attended, but you want to view it again), you should take 5 minutes to check out Taylor’s powerpoint presentation.
As Taylor makes clear, wind and solar are quite heavily subsidized while nuclear, coal, and oil receive relatively few subsidies (our belief is that most all subsidies are bad). Ultimately, as Taylor clearly shows in his presentation, government policies that force the economy to create “green jobs” will come at a heavy price in the form of lower living standards and increasing poverty. Unfortunately, as I wrote recently, President Obama doesn’t seem to realize this just yet.