Ezra Klein & Derek Thompson – Abundance Is the Key to Fixing

Trump is a scarcity president.

Scott Galloway didn’t expect to have kids and didn’t expect it to change his life. But it did, and gave his life meaning and purpose.

https://www.youtube.com/watch?v=CGUWMonAtTQ

EPA’s Zeldin terminates $20B in Biden climate grants

“EPA Administrator Lee Zeldin said Tuesday evening he had terminated $20 billion in climate change grants issued by the Biden administration under the Inflation Reduction Act, escalating a legal conflict over whether the Trump administration was encroaching on the authority of Congress.

Zeldin has spent the past month criticizing the spending and contending without evidence the program was rife with fraud. His latest move comes just one day before a federal judge will hold a hearing in a lawsuit brought by one of the grant recipients seeking access to the funds held in a Citibank account that the Trump administration had frozen while it probed the program.”

https://www.politico.com/news/2025/03/11/zeldin-terminates-greenhouse-gas-reduction-fund-grants-00225481

Biden pulled off a $370 billion miracle for the climate. Where did the money go?

“The 2022 Inflation Reduction Act stands as the single largest piece of legislation to address climate change in United States history.
The IRA contains nearly $370 billion for programs like tax credits for more efficient appliances, building new battery plants, and subsidies for renewable energy. And it triggered a boom in new construction and manufacturing for things like solar panels. It also created hundreds of thousands of new jobs.

But two years later, much of that money remains unspent.

The largest investment — ever — for the clean energy transition has yet to materialize into actual hardware like heat pumps or wind turbines. Despite more than $7.5 billion allocated to building electric vehicle chargers, for example, only a handful have been built. About 40 percent of big IRA projects hit delays, according to the Financial Times.”

“Now President-elect Donald Trump has said he wants to claw back the unspent money and congressional Democrats are getting antsy. In a recent letter, dozens of senators and representatives wrote to the White House asking Biden to get more money out the door, from the IRA as well as other legislation like the Bipartisan Infrastructure Law.”

“One of the big challenges with spending most federal funds in programs like the IRA is that the money doesn’t go straight to suppliers for construction materials, EV chargers, batteries, or home insulation. Rather, the funds are sent to state and local authorities who then distribute the money.

That added step creates a lot of complications. First, a lot of local officials simply are not set up to receive a lot of cash all at once. It requires rigorous accounting and record-keeping, so before they can use the money, recipients have to invest in the personnel and tools to track it. Then when money hits bank accounts, local officials have to decide where to spend it. That means seeking out proposals, soliciting competitive bids, and giving enough time for communities to weigh in. Even for “shovel-ready” projects, they often have to contend with last-minute hurdles like rising financing costs from inflation, supply chain snarls, and litigation that can halt ground-breaking.

Local governments also have their own incentives. While Biden’s White House wanted to juice the clean energy economy as fast as possible, often state and local governments want to stretch out the funds. “There’s always a sense that if money is spent too quickly, people might get used to the money, maybe even addicted to it, and then officials would have to raise taxes to make up the difference” when it runs out, said Donald Kettl, professor emeritus at the University of Maryland School of Public Policy who studies government spending.

Delays also result from how the funding is leveraged, whether it’s a grant, a loan, a loan guarantee, or a tax credit. Tax credits add an inherent lag because you don’t receive the cash benefit until you file your taxes.”

“There are also factors beyond Biden’s direct control at play. Changes in global demand and uncertainty about the outcome of the presidential election led some companies to hold off on executing IRA-funded projects. And those that do want to get rolling often have to go through a tedious, sometimes years-long permitting process before they can break ground.”

https://www.vox.com/climate/391681/inflation-reduction-act-biden-ev-credit-trump-musk

Trump slams paper straws, vows ‘back to plastic’

“Democrat Biden had announced a target to eliminate single-use plastic utensils like drinking straws by 2035 across government agencies.”

Note: This is about future policies affecting federal agencies. There was no federal plastic straw ban.

https://www.yahoo.com/news/trump-slams-paper-straws-vows-160410883.html

Nuclear Energy Prevents Air Pollution and Saves Lives

“While estimates vary, studies agree that air pollution has caused great harm to human health. Max Roser at Our World in Data reviewed information from the World Health Organization (WHO) and the Institute for Health Metrics and Evaluation (IHME) on global air pollution mortality estimates. WHO and IHME report that between 4.2 million and 4.5 million people die prematurely from exposure to outdoor air pollution annually. A 2019 study in the Proceedings of the National Academy of Sciences (PNAS) calculated that 3.6 million people prematurely die as a result of air pollution from burning fossil fuels. The PNAS study estimated that the 194,000 annual premature deaths in the U.S. resulting from fossil fuel air pollution amounted to the annual loss of 5.7 million life years.

Contrast these estimates with the number of deaths associated with generating nuclear power. The 1979 Three Mile Island partial meltdown caused no injuries or deaths, and Fukushima’s 2011 tsunami-caused disaster may have led to just one radiation-related death years later.

Chernobyl’s reactor blast killed two workers, and 47 emergency workers who doused the core fires later died of radiation exposure. The good news is that a 2018 report by the United Nations’ Scientific Committee on the Effects of Atomic Radiation noted that most people downwind “were exposed to radiation levels comparable to or a few times higher than annual levels of natural background.” Consequently, the report concluded that the “vast majority of the population need not live in fear of serious health consequences due to the radiation from the Chornobyl accident.”

Using air pollution data derived from satellite observations, the NBER economists generally find that bringing a reactor online significantly reduces ambient fine particulate air pollution around the nearest cities. Using estimates provided by the University of Chicago’s Air Quality Life Index, they calculate how much life expectancies would have increased owing to reduced air pollution had the extrapolated trend in constructing new nuclear power plants not stalled.

The economists reckon that the construction of each additional nuclear power plant, by reducing air pollution, could save more than 800,000 life years. “According to our baseline estimates, over the past 38 years, Chernobyl reduced the total number of [nuclear power plants] worldwide by 389, which is almost entirely driven by the slowdown of new construction in democracies,” they report. “Our calculations thus suggest that, globally, more than 318 million expected life years have been lost in democratic countries due to the decline in [nuclear power plant] growth in these countries after Chernobyl.” They estimate the U.S. lost 141 million life years due to the slowdown in nuclear power deployment.

Cautioning that their estimates are only intended to illustrate a hypothetical timeline in which nuclear power plants continued to grow at the same rate as before the Chernobyl disaster, the researchers nonetheless conclude that “air pollution would have likely been much lower, which in turn, would have had significant health benefits.””

https://reason.com/2024/11/29/nuclear-power-saves-lives/

U.N. Plastics Treaty Talks Collapse

“only about 4 percent of plastic wastes are currently mismanaged in the United States. That figure rises to an average of 6 percent for developed countries.
Poorer countries are doing much worse: The figures for mismanaged wastes in China, India, Latin America, and Sub-Saharan Africa are 27, 46, 42, and 64 percent, respectively. These same regions are responsible for the bulk of the plastic wastes flowing down their rivers into the oceans”

“There are two strategies for tackling such environmental open access tragedies: privatization or regulation. In the rich countries like the United States, most wastes, including plastics, are picked up and disposed by public or commercial garbage haulers in the $91 billion waste management industry. Most Americans take responsibility for their wastes by paying local taxes or fees to bury them in landfills, burn them, or recycle them. As a result, relatively little plastic from the U.S. ends up in the oceans. Bans on plastic bags and water bottles in this country are largely instances of symbolic moral preening.”

https://reason.com/2024/12/06/u-n-plastics-treaty-talks-collapse/

Why is it still so hard to breathe in India and Pakistan?

“India and Pakistan are losing ground to a common deadly enemy. Vast clouds of dense, toxic smog have once again shrouded metropolises in South Asia. Air pollution regularly spikes in November in the subcontinent, but this year’s dirty air has still been breathtaking in its scale and severity. The gray, smoky pollution is even visible to satellites, and it’s fueling a public health crisis.”

https://www.vox.com/climate/387135/india-pakistan-air-pollution-delhi-lahore-aqi

Mining Is Safer, Cleaner, and More Ethical in America. So Why Do Environmentalists Stand in the Way?

“America needs minerals like copper and silver to make things. Even President Joe Biden made a speech saying America will need 400-600 percent more such minerals to make “solar panels, wind turbines, and so much more!”

An iPhone alone requires aluminum, iron, lithium, gold, copper.

But when investors dare try to dig up such minerals in America, the NRDC objects and uses political connections to stop them.

Twenty years ago, entrepreneurs tried to open a mine in Alaska. Before they even got the application in, the Environment Protection Agency (EPA) vetoed it.

Why? Because groups like the NRDC say the mine “would be a catastrophic threat to the wildlife and…fragile ecosystem.”

They get their way because when Democrats run the EPA, they not only support NRDC’s positions, they even hire NRDC employees.

The next Republican administration removed the EPA’s veto. The Army Corps of Engineers then studied the mine and concluded that it wasn’t an environmental threat.

So, is Pebble a bustling mine today? No.

Democrats got elected and vetoed it again.

Physicist Mark Mills wonders why anyone would try to open a mine in America today. “Why in the world would you put millions, maybe billions of dollars at risk, spending those decades to get a permit, knowing there’s a very good chance they’ll just cancel a permit? How in the world do you build mines in America knowing that that’s the landscape you have?”

Well, you don’t.

America now ranks second to last in the time it takes to develop a new mine—roughly 29 years. Only Zambia is worse.

“You start applying for permits,” says Mills, “You’re going to be waiting not months, not years, but decades!”

Waiting while the NRDC sues and runs frightening anti-mine ads, saying nature will be “destroyed by a 2,000-foot gaping hole in the ground!”

Mills points out their deceit. Today’s mines disturb “a tiny infinitesimal pinprick in the landscape” and we do need to disturb the landscape a little, because “we need metals and materials and minerals to build everything that exists to make society possible!”

I confronted NRDC spokesman Bob Deans, saying the NRDC killing mines also kills people’s opportunity. He responded that “clean” energy creates jobs.

“We created 50,000 new jobs in this country, putting up wind turbines, solar panels, building the next generation of energy efficient cars. This is where the future is!”

“But also, you need copper and gold,” I point out.

“That’s right,” says Deans, “And we have to weigh those risks.”

But the NRDC doesn’t weigh the risks. They just oppose American mines.”

https://reason.com/2024/11/20/mining-is-safer-cleaner-and-more-ethical-in-america-so-why-do-environmentalists-stand-in-the-way/