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  • WebMemo posted June 8, 2011 by Jack Spencer Congress’s Recent Attempts to Promote Small Modular Nuclear Reactors Fall Short

    The House and Senate are considering bills that are meant to help development of small and modular nuclear reactors (SMRs). These new reactors could provide all of the attractive qualities of large reactors—such as being safe, emissions-free sources of electricity—but at lower upfront costs with greater flexibility. Unfortunately, the two bills—the Nuclear Energy Research…

  • Backgrounder posted April 7, 2011 by David W. Kreutzer, Ph.D. By Any Other Name, Energy Cuts Still Stink

    Abstract: Eighty-five percent of the energy that fuels the American economy is from coal, petroleum, and natural gas. An unavoidable by-product of burning these fuels is carbon dioxide (CO2). Analyses of the Waxman–Markey cap-and-trade bill make clear that CO2-reduction targets will not be met through increases in renewable energy production. So, cutting CO2 means…

  • WebMemo posted July 20, 2010 by Wendell Cox, Ronald D. Utt, Ph.D. Cap-and-Trade Bill Would Make Housing Less Affordable

    In addition to the devastating economic effects of cap and trade, the Clean Energy Jobs and American Power Act (S. 1733)—introduced by Senators John Kerry (D–MA) and Joseph Lieberman (I–CT)—would likely lead to the same conditions that caused the housing bubble of a few years ago. It would do this by providing financial incentives to the federally funded metropolitan…

  • WebMemo posted June 18, 2010 by Nicolas Loris Lugar’s Energy and Climate Plan: More Big Government, Less Consumer Choice

    On June 9, Senator Dick Lugar (R–IN) introduced his Practical Energy and Climate Plan. As Lugar promised, the bill does not contain a cap-and-trade or carbon pricing provision; however, it does include a host of mandates and regulations that would hurt the consumer in the name of reducing dependence on foreign oil and reducing greenhouse gas emissions. Creating new…

  • WebMemo posted May 26, 2010 by J.D. Foster, Ph.D., Jack Spencer Kerry–Lieberman Tax Subsidies: The Wrong Approach for Nuclear Power

    When it comes to tax policy, what once were vices now are habits. A quick glance at the tax provisions in the President’s budget reveals lists and lists of special tax deductions and credits. Legislation again moving in Congress to extend certain expired and expiring tax provisions includes yet another list of special tax provisions.[1] Inevitably, the number of special…

  • WebMemo posted February 3, 2010 by Jack Spencer Conditions and Policy Reforms Must Accompany Nuclear Loan Guarantee Boost

    President Obama's 2011 budget provides an additional $36 billion in loan guarantee authority to nuclear energy projects. When added to the $18.5 billion previously authorized under the Energy Policy Act of 2005, the American taxpayer will now be subsidizing $54.5 billion in loans to the nuclear industry (if the budget is approved).[1] Loan guarantees can help…

  • WebMemo posted December 4, 2009 by J.D. Foster, Ph.D. Obama Jobs Deficit Up Again, Real Jobs Strategy Needed

    Another month under President Obama, another 11,000 jobs lost, pushing the total Obama jobs deficit to 7.6 million. One day after the White House jobs summit admitted that the President’s policies—including the massive $787 billion stimulus enacted last spring—are not working to create jobs, the Department of Labor’s monthly jobs report added the exclamation point. …

  • Special Report posted November 23, 2009 by Brett D. Schaefer Why Must the U.N. Be Central to Addressing Global Warming?

    A statement issued by the Asia-Pacific Economic Cooperation (APEC) summit conceded a long-suspected reality: The upcoming Copenhagen conference will not produce a legally binding climate pact to succeed the failed Kyoto Protocol.[1] APEC's statement was significant because APEC nations comprise roughly 60 percent of total anthropomorphic greenhouse emissions, including…

  • WebMemo posted November 19, 2009 by David W. Kreutzer, Ph.D. Discounting and Climate Change Economics: Estimating the Cost of Cap and Trade

    The Environmental Protection Agency (EPA) recently released its preliminary analysis of the Boxer-Kerry cap-and-trade bill. It largely reheats their analysis of the Waxman-Markey bill from last summer. Proponents of both bills often claim the EPA analyses pegs the cost per household at a postage stamp per day. However, the reality is that the costs of both bills are…

  • Backgrounder posted November 3, 2009 by Jack Spencer, Nicolas Loris Boxer-Kerry Cap-and-Trade Bill's Nuclear Provision Won't Fuel a Nuclear Revival

    Abstract: America needs a clean, safe, and sustainable energy source. Nuclear power could be part of the solution -- with the right set of free-market reforms. Congress, the nuclear industry, and many Americans agree that reform of U.S. nuclear policies is necessary, but cannot agree on what those reforms should look like. The nuclear provision in the Senate's new Clean…

  • WebMemo posted August 28, 2009 by Nicolas Loris, Ben Lieberman Waxman-Markey's Effect on Gas Prices in Your State

    The Waxman-Markey energy bill, which would restrict greenhouse gas emissions by creating a cap-and-trade system, was passed by the House in June and will likely be considered by the Senate soon. If this bill becomes law, gasoline prices would increase significantly in order to meet emissions limits imposed by the legislation. To see specific estimates, hover your…

  • WebMemo posted August 26, 2009 by Ben Lieberman, J.D. Foster, Ph.D. Blaming Oil Speculators: A Costly Diversion from Real Solutions to Rising Oil Prices

    The price of oil, having soared to an all-time high in July 2008 before plummeting by nearly 75 percent, is rising again and is likely to climb ever higher as the economy recovers. Of course, rational solutions, such as unlocking America's restricted oil potential, appear to be off the table for the Obama Administration and the current Congress. Partially…

  • WebMemo posted August 19, 2009 by David W. Kreutzer, Ph.D., Karen Campbell, Ph.D., William W. Beach, Ben Lieberman, Nicolas Loris Impact of the Waxman-Markey Climate Change Legislation on Utah

    On June 26, a 1,427-page climate change bill introduced by Representatives Henry Waxman (D-CA) and Edward Markey (D-MA) passed the House by a narrow margin. The bill, also known as Waxman-Markey, includes a number of alarming provisions, chief among them a cap-and-trade program that would attempt to curb global warming by imposing strict upper limits on the…

  • WebMemo posted August 19, 2009 by David W. Kreutzer, Ph.D., Karen Campbell, Ph.D., William W. Beach, Ben Lieberman, Nicolas Loris Impact of the Waxman-Markey Climate Change Legislation on Vermont

    On June 26, a 1,427-page climate change bill introduced by Representatives Henry Waxman (D-CA) and Edward Markey (D-MA) passed the House by a narrow margin. The bill, also known as Waxman-Markey, includes a number of alarming provisions, chief among them a cap-and-trade program that would attempt to curb global warming by imposing strict upper limits on the…

  • WebMemo posted August 19, 2009 by David W. Kreutzer, Ph.D., Karen Campbell, Ph.D., William W. Beach, Ben Lieberman, Nicolas Loris Impact of the Waxman-Markey Climate Change Legislation on Texas

    On June 26, a 1,427-page climate change bill introduced by Representatives Henry Waxman (D-CA) and Edward Markey (D-MA) passed the House by a narrow margin. The bill, also known as Waxman-Markey, includes a number of alarming provisions, chief among them a cap-and-trade program that would attempt to curb global warming by imposing strict upper limits on the…