Microblogging of Roger Pielke Jr's London Debate With Benny Peiser

Roger Pielke Jr and Benny Peiser have been guests of London think-tank “Legatum” in the evening of Nov 16. This is my microblogging of the evening (I’ll edit it slightly when I have a few mins):

  1. Starts at Legatum Institute in London with around 40 in attendance
  2. There is a camera, and a lectern 🙂
  3. Researcher from Legatum introduces mentioning Roger being victim of politicization of science
  4. Hubris of Kyoto process must be avoided
  5. Bob Ward wouldn’t be happy with Legatum’s approach to AGW
  6. Book available for 15gbp. Finally Roger’s turn. Laments how repetitive book tour is
  7. Book tour next at LSE on Friday night.
  8. Tonight’s talk about innovation policies for the energy sector
  9. Govts deeply involved in innovations. Makes example out of own trip
  10. Toll road =PPP. Airport. 757 Boeing American not British due to military investments. Etc
  11. Even shoes’ rubber tech due to military innovations ie government’s
  12. Govts invest in innovations already – question is how should do it
  13. Attitude to innovations depends on ideology
  14. China not USA recognizes international competition on innovation
  15. Free markets not always best, meddling Govts either
  16. Energy innovation seldom a priority
  17. Average 2. 5% reinvestment but only. 2% in energy
  18. Energy as something that pops out of the ground
  19. Six reasons to innovate in energy
  20. 1. Supply and demand 2. Security
  21. 3. Energy poverty 4. Existing subsidies 5. CO2 emissions 6. Mountaintop removal
  22. Also particulate emissions
  23. Germany: nuclear tax. India: coal tax. China: 700B$ in clean energy due to population
  24. Vast amounts of energy needed not a generic push to consume less
  25. Talks of possible future poverty in USA compared to China and India
  26. Peiser will talk about book. Disappointed that Roger did not.
  27. Govts see no prob with energy. India and China suffer from past mistakes
  28. Peiser again. Carbon tax is proposed as replacement to climate failures
  29. Euro Govts suggesting carbon tax but to raise money not energy r&d
  30. Billions in nuclear energy didn’t make it cheaper, actually dearer
  31. Every academic argues their sector needs more money to help growth but link is a myth
  32. Current green policies too unpopular, Govts under threat because of them
  33. No renewable energy company can stand on its own.
  34. Decarbonisation means switching to more expensive energy hindering growth as in Europe
  35. There is no Tea Party in Roger’s book
  36. Antigreen backlash is undergoing and will get worse
  37. Decarbonisation because of AGW? But it might be beneficial
  38. Perplexed Peiser: decarbonise to get cheaper energy? Makes no sense
  39. Not an easy night for Roger
  40. Climate agenda going down because economics don’t add up.
  41. Peiser makes example of useless r&d like fusion reactor
  42. Track record of Govts failure whilst shale gas is so low it makes no sense to find more
  43. Shale gas an example of private innovation
  44. Legatum researcher says book weakens case for govt involvement in energy r&d
  45. Legatum researcher unconvinced by book
  46. Roger replies. Climate not only point. Other reasons why innovation makes sense
  47. No global food crisis due to govt innovations. Health improvs too
  48. Innovation policy a spectrum not just r&d
  49. Importance of failures to find a success
  50. Roger talks about Germany and India again. Even tiny tax would generate billions
  51. Mentions long term
  52. My questions details later (*)
  53. Peiser: book doesn’t talk of economics. Germany example of middle classes paying the rich
  54. Roger: Germany as failure and success at same time. Peiser: no innovation in Germany
  55. Roger seems concerned about current USA politics
  56. Q: diversification but subsidies = huge overhead costs. How to get companies interested?
  57. Roger: companies won’t look out for national interests
  58. Peiser: companies already diversifying. Problem of protectionism.
  59. Roger: not in favor of protectionism – ends here
  60. Legatum researcher was Dalibor Rohac

Finally I have managed to get a copy of The Climate Fix, autographed by its author.

(*) I have congratulated Roger for disseminating the news about the $82B dodgy insurance deal, but then asked him and Benny why replace the humongous failed climate policy of old with some other humongous policy; why not concentrate efforts on small but significant issues like particulates; and what would prevent Governments from raising a carbon tax and spending money on something that has nothing to do with carbon.