Month: April 2021
One weird trick to fix climate change: Close the offshore wealth loophole
“When you have big, powerful oil and gas firms that are also backing a carbon tax, that should be a signal that the ideal conditions under which such a policy could function will likely not materialize, because these interests are very powerful, and they’re so entrenched in the governments that are trying to regulate them.”
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“If you try to isolate how much emissions fell because of the EU’s Emissions Trading System, estimates have only placed it at around one to three percent per year, which is not a lot.”
Liberals warn Biden against lengthy talks with GOP
“Liberals are wary that the GOP may be trying to prolong infrastructure talks for weeks or even months, potentially setting back Democrats’ ambitious agenda as Biden goes back and forth with the opposition party over how big to go and when. But several prominent progressives also want to keep giving Biden room to try with Republicans — up to a still-undetermined point.
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At the moment, the two sides seem very far apart: Biden’s initial infrastructure spending pitch was more than $2 trillion, with a second part of the plan still in development. And several Democrats said Monday they seriously doubt that discussions with the GOP will produce anything at all.
Republicans have not indicated they would be willing to spend anything more than $800 billion — a paltry sum for Democrats — and even that might be a stretch. And while liberals in Congress aren’t yet asking Biden to ditch the talks altogether, they are clearly signaling that his patience, like theirs, should be finite.”
China aims to be carbon neutral by 2060. Its new 5-year plan won’t cut it.
“China released a draft summary of its 14th Five-Year Plan, the all-important document that not only guides the country’s economic development but also has huge consequences for global carbon dioxide emissions and climate change.
The new plan’s 2025 emissions goals reflect an ongoing contradiction between China’s short-term and long-term climate goals.
In the long run, China has expressed a strong commitment to climate action. President Xi Jinping surprised the world last September when he announced that China would aim to reach carbon neutrality by 2060. Climate scientists have called for countries to hit that goal by 2050, but it was still a significant step forward for China — the first time the country made any formal commitment to zeroing out its emissions.
And yet, even as Xi made that announcement, CO2 emissions in China were soaring. Like the rest of the world, the pandemic had initially caused economic activity to plummet in China in early 2020. But after swiftly bringing the pandemic under control within its borders, the Chinese government funneled stimulus dollars into the heavily polluting construction and manufacturing sectors, stoking steel and cement production. As a result, China’s emissions rose an estimated 1.5 percent in 2020, even accounting for the initial drop.”
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“What does this mean for global climate goals? According to a joint study published by the Asia Society Policy Institute and Climate Analytics in November, China needs to peak its emissions as soon as possible, and certainly by 2025, to be in line with the Paris agreement. Currently, China has only committed to peaking its emissions before 2030.
The other main climate target from the 14th Five-Year Plan is slightly more hopeful. China has set a slightly bolder renewable energy goal: 20 percent of its energy should come from non-fossil sources by 2025. This is a slight acceleration over the non-fossil energy buildout in the last five-year plan period, during which the share rose from 12.3 to 15.9 percent.
However, once again, it doesn’t fully align with China’s long-term climate goals and the Paris agreement. According to analysis from CREA, China needs to get 25 percent of its energy from non-fossil sources by 2025 to be on a straight path to meeting its 2060 goal.
So on the whole, these targets suggest modest progress from the world’s top emitter in the years to come. It is worth noting, though, that historically, environmental goals in five-year plans have been set to be overachieved. All of the climate targets in the 13th Five-Year Plan were surpassed.”
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“The biggest question remains whether China will reverse its coal consumption, which increased slightly last year even during the pandemic. Environmentalists grew increasingly concerned as China built 38.4 gigawatts of new coal-fired power plant capacity in 2020 alone — three-quarters of new coal construction globally.
What happens internationally may also play a role in shaping China’s emissions. The Biden administration has pledged to reassert US global leadership on climate change and is planning to host a global climate summit on Earth Day in April. In the lead-up, the administration has said it will release a new, more ambitious 2030 target for the US.
That could potentially free up China to also increase its 2030 goals.”
Summary of Critical Race Theory Investigations
“The following investigations, which I have conducted over the past several months, inspired President Trump’s recent executive action abolishing critical race theory trainings in the federal government.”
The stimulus shows why the left should stop worrying and learn to love the suburban voter
“So if white college-educated suburbanites really are turning to the left, why might this be?
The simplest and best explanation appears to be partisanship.
In their book Open Versus Closed: Personality, Identity, and the Politics of Redistribution, scholars Christopher Johnston, Christopher Federico, and Howard Lavine take a close look at the psychological underpinnings of people’s views on economic policy. What they find is surprising, and more than a little counterintuitive: Economic policy has become, to an extent, an annex of the partisan culture war.
Increasingly, Americans pick their party on the basis of cultural affinity: whether people like them, who share their cultural values on topics like race and immigration, are in one party or the other. This is why college graduates, who tend to be culturally progressive, are an increasingly Democratic bloc, and non-college whites, who have conservative cultural views, are increasingly voting Republican.
In contemporary America, identification with one of the two major parties is an exceptionally powerful psychological force. People who care about being a Democrat or a Republican tend to feel strong psychological pressures to adopt the entire policy slate of their party.
For this reason, Johnston and his co-authors argue that economic policy preferences flow downstream from partisan identity. Democratic partisans who are highly engaged in politics will tend to adjust their economic views leftward to fit more comfortably in the Democratic coalition, perfectly explaining the counterintuitive rise of the progressive white suburbanite.
“Individuals identify with the cultural liberalism of the Democratic party and adopt its approach to economic matters as a package deal,” they write. “Economic preferences [are] an expression of a more basic cultural division in the electorate.”
Open Versus Closed’s thesis fits in with a significant body of political science literature documenting that most ordinary citizens are only weakly attached to their policy preferences, and frequently adjust them based on cues from political elites.
And the core argument that educated voters will hold more down-the-line partisan views as polarization increases is supported by other studies.
A 2008 paper by NYU’s Delia Baldassarri and Columbia’s Andrew Gelman found that between 1972 and 2004, highly educated and politically engaged voters were much more likely than others to have consistently liberal or conservative views on all sorts of issues (social, economic, and foreign policy). A 2020 reanalysis using more recent data has found that voters have only become more ideologically aligned with their parties in the hyperpartisan 21st century — including on economic issues.
Hence “post-material materialism”: Material divides in the classic self-interested sense no longer define the contours of national American politics; people don’t vote their class. They still care about economic policy but come to their opinions for different reasons: They see them as an extension of their partisan identity and moral worldview.
This isn’t to say that white college-educated suburbanites are perfect progressive voters. At the local level, where issues feel more personal and less ideological, these voters often stand in the way of egalitarian policies. Think of the NIMBYs who oppose housing construction in their neighborhoods.
But politics is about working with the kind of supporters you have. And at the national level, the white educated suburbanites who have come over to the Democratic side in recent years are looking like solid supporters of a redistributionist party.”
Israel’s suspected attack on an Iranian nuclear site complicates US-Iran talks
“A mysterious power outage occurred at one of Iran’s most important nuclear facilities..in what reports indicate was likely an act of cyber-sabotage carried out by Israel — and it could have serious ramifications for the future of the floundering 2015 nuclear deal.”
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“Under that original agreement, Iran agreed to significantly curb its nuclear program — including its uranium enrichment efforts — in exchange for the removal of some of the economic sanctions imposed on the country by the US.
But after then-President Donald Trump unilaterally withdrew the US from the deal in 2018 and reimposed those sanctions, Iran once again began to enrich uranium above the levels set by the deal.”
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“It’s unclear if the Biden administration got a heads-up before the strike, though many believe the US was probably informed, as US Secretary of Defense Lloyd Austin was in Israel at the time of the incident. The Biden administration firmly denies any foreknowledge or participation, though. “The US was not involved in any manner,” White House press secretary Jen Psaki told reporters on Monday.
Either way, two big questions arise from this episode. The first is whether the Natanz attack might lead to a greater confrontation between Israel and Iran. Experts I spoke to don’t really think so, as Jerusalem has carried out many of these strikes without a serious overt response from Tehran.
They “fit a pattern of how the Israelis have tried to set back Iran’s program in the past. In that sense, this is business as usual,” said Dalia Dassa Kaye, a fellow at the Wilson Center think tank in Washington, DC.
The second is if the attack might derail the sensitive negotiations between Iran and the United States to revive the nuclear deal. And that, experts said, is certainly possible.”
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“Those making this argument say that Iran has less political space to agree to a deal with the US now, because doing so would be extra embarrassing after being attacked. As a result, any progress on this front will at best be delayed and at worst derailed indefinitely. “Iran doesn’t like to appear that it is negotiating from a weakened position or under pressure,” Eric Brewer, who worked on nuclear issues in Trump’s National Security Council, tweeted on Monday.
Others, though, say that delaying Iran’s uranium enrichment by nine months actually weakens Iran’s position in nuclear talks. If Tehran increased its enrichment to pressure the US to get back into the pact — essentially proving it would keep inching closer and closer to obtaining a nuclear weapon unless the US agreed to come back to the deal — then without the ability to enrich uranium as quickly, that pressure on Washington potentially decreases.
What’s more, Iran is used to Israeli attacks. It therefore won’t be shocked into changing its long-term goal of getting the sanctions relief it desperately needs.”
When a California city gave people a guaranteed income, they worked more — not less
“The city of Stockton, California, embarked on a bold experiment two years ago: It decided to distribute $500 a month to 125 people for 24 months — with no strings attached and no work requirements. The people were randomly chosen from neighborhoods at or below the city’s median household income, and they were free to spend the money any way they liked. Meanwhile, researchers studied what impact the cash had on their lives.
The results from the first year of the experiment, which spanned from February 2019 to February 2020, are now in.”
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“The most eye-popping finding is that the people who received the cash managed to secure full-time jobs at more than twice the rate of people in a control group, who did not receive cash. Within a year, the proportion of cash recipients who had full-time jobs jumped from 28 percent to 40 percent. The control group saw only a 5 percent jump over the same period.
The researchers wrote in their report that the money gave recipients the stability they needed to set goals, take risks, and find new jobs. One man in his 30s had been eligible for a real estate license for over a year but hadn’t gotten it because he just couldn’t afford to take time off work. Thanks to the freedom offered by the extra $500 per month, he said, his life was “converted 360 degrees … because I have more time and net worth to study … to achieve my goals.””
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“Cash recipients reported being less anxious and depressed than the control group. On average, the recipients “experienced clinically and statistically significant improvements in their mental health that the control group did not — moving from likely having a mild mental health disorder to likely mental wellness over the year-long intervention,” according to the researchers.
The cash also enabled recipients to help their family and friends. For example, one woman used the cash to help her siblings buy school clothes for their kids and to help her daughter-in-law pay for car insurance. Another bought diapers for her grandchildren.”
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“The Stockton experiment was a small study with only 125 cash recipients, so the findings should be seen as offering supporting evidence on the effectiveness of cash programs rather than as definitive standalone proof.”
Joe Manchin opens the door to filibuster reform
“under a “talking filibuster,” any “member of the minority party can filibuster as long as he/she stays put on the floor.” But once a member finishes speaking, the filibuster would end, and “there’d be a vote at a simple majority threshold” of 50 votes, instead of the existing 60-vote threshold required to end a filibuster.
That’s a big change, because there’s currently no actual filibustering required to filibuster in the Senate, at least not in the conventional sense. As Vox explained back in 2015, the modern filibuster doesn’t require a senator talking on the floor for hours on end to delay a bill.
Instead, today’s filibuster is a straightforward move to reject unanimous consent on a bill that the minority can wield painlessly”