fbpx

Latest Posts

Home

Facebook

Twitter

Search
About

Study Finds Carbon Dioxide Taxes Reduce Industrial Competitiveness: Implications for Minnesota

A newly-released study from the National Bureau of Economic Research (NBER) found that state-level carbon dioxide taxes and pricing schemes harm industrial competitiveness in the jurisdictions they are enacted. This has important implications for Minnesota because manufacturing is the single-largest private-sector component of Minnesota's economy, accounting for $49.2 billion in annual economic activity, which is about 16 percent of Minnesota's total gross domestic product (GDP). The NBER study concludes that enacting a carbon price of $10 per metric ton reduces employment in the regulated region by 2.7 percent, and raises employment in nearby states by 0.8 percent and the effects on...

Continue reading

Lomborg: The Danger of Climate Doomsayers

It seems climate change activists are always advocating for policies whose costs will exceed the benefits. Minnesota is unique in that it is one of only a few states that have tried to quantify the amount of "damage" caused to society by emitting a ton of carbon dioxide into the atmosphere. While I think there are strong arguments as to why the numbers used in Minnesota are unrealistically high, it is noteworthy that our report Doubling Down on Failure found that the cost of reducing one ton of carbon dioxide far outweighed the benefits of doing so, even using the numbers...

Continue reading

Xcel Tries To Trick Customers Into Thinking They’re Being Treated

I'd say Happy Halloween, but the increasing cost of electricity is downright frightening. Minnesota's electricity prices have been skyrocketing, largely because our state has squandered $15 billion on wind turbines and the additional transmission lines needed to transport the electricity generated by far-away wind turbines to the metro area. While one could argue utility companies are simply responding to the mandates imposed upon them by legislators and regulators, I would vehemently disagree because  Xcel actively lobbies to skew the regulatory apparatus in their favor. In fact, in 2016 Xcel spent more money lobbying than every organization other than the Minnesota Chamber of...

Continue reading