Here's a pessimistic post from Climate Progress asserting that China's currency policy has led to the country taking an increasingly dominant role in the production of greenhouse gases. The charts are quite interesting, including a nifty Herfindahl index of the concentration of CO2 emissions across countries.
Whether China's export-led growth policy really provides a causal account for the trend in its share of GHG emissions I am not sure: the authors of the post don't provide a counterfactual under, say, a more neutral currency policy. But even taking their story at face value, the news seems more mixed to me. According to the story, if China had not manipulated its currency, more of these dirty industries might be dispersed in other countries, but it’s not clear that the total global GHG emissions would be any lower. Indeed, the high concentration of GHG emissions in a few countries could facilitate reductions over time. As the post notes, China will suffer significantly from climate change. The fact that they produce a huge portion of the problem and will suffer a big adverse consequence implies that, in economics jargon, they have partly internalized the externality. This should increase their incentive to do better. Concentration could also make it easier to achieve international agreements, since negotiation would be between a smaller number of major players.
Wednesday, March 2, 2011
Monday, February 28, 2011
Totally fracked

The cleaner fossil fuel... Pretty soon the entire state of Pennsylvania can look more like beautiful Taft, CA (see photo), and enjoy more flavorful tap-water!
Sunday, February 27, 2011
Oscars report
I didn't see The King's Speech, but I'm sure it was just a lovely film... yawn.... Co-host Anne Hathaway wore several dresses and looked smashing. Gwyneth Paltrow acts pretty good but can't sing worth crap. Everyone brought their mom to the ceremonies, which was a really nice thing to do. That is all.
Sunday, February 20, 2011
After the rain
The rain stripped most of the petals off the plum tree, leaving behind just the eyelashes.
Thursday, February 10, 2011
Brian Jacques, RIP
Aidan devoured a goodly number of the Redwall books, and I would often read parts of them to him at bedtime in my ridiculous invented accents and dialects. I am certain Mr. Jacques would not have heard his Welsh (Cornish?) miners in the voices I gave to his moles, and that he never intended any of his characters to speak in the cheesy Aussie accent I gave to his hares. But none of that matters much... the books were full of life and derring-do, and of course sumptuous descriptions of food. We named our cat Matthias after the heroic Arthurian mouse of the inaugural novel in the series.
Sunday, February 6, 2011
Poem of the week
POND IN A BOWL
Han Yu (768-824)
trans. David Hinton
1
This old-timer's like a sage monk, simple as a child:
draw water, bury a bowl—suddenly I've got a pond!
Green frogs call all night, straight through till dawn
and those good old days, lazy fishing at Square-Gape!
2
Don't say you can't really make a pond in a bowl.
Those lotus roots I planted are growing already!
From now on, when it rains, you can hurry over:
we'll listen to its windblown patter on the leaves.
3
In my porcelain pool, water's pure clarity at dawn.
Tiny insects, who knows what kind or how many,
scatter suddenly away, not a trace of them anywhere.
Just baby fish, in a school, darting here and there.
4
Muddy bowl, tiny, shallow—how could it be a pond?
Green frogs at midnight, sage masters, they know:
hearing a croak, they bring their friends—all that
squabbling male and female. Don't mind the racket.
5
Alight, my pond mirrors sky, azure into azure.
I just pour in a few jars of water, fill it brimful,
then wait. Evening deepens and the moon sets,
and look, swimming down there: all those stars!
Han Yu (768-824)
trans. David Hinton
1
This old-timer's like a sage monk, simple as a child:
draw water, bury a bowl—suddenly I've got a pond!
Green frogs call all night, straight through till dawn
and those good old days, lazy fishing at Square-Gape!
2
Don't say you can't really make a pond in a bowl.
Those lotus roots I planted are growing already!
From now on, when it rains, you can hurry over:
we'll listen to its windblown patter on the leaves.
3
In my porcelain pool, water's pure clarity at dawn.
Tiny insects, who knows what kind or how many,
scatter suddenly away, not a trace of them anywhere.
Just baby fish, in a school, darting here and there.
4
Muddy bowl, tiny, shallow—how could it be a pond?
Green frogs at midnight, sage masters, they know:
hearing a croak, they bring their friends—all that
squabbling male and female. Don't mind the racket.
5
Alight, my pond mirrors sky, azure into azure.
I just pour in a few jars of water, fill it brimful,
then wait. Evening deepens and the moon sets,
and look, swimming down there: all those stars!
Sunny and 78 degrees in February
I do feel sorry for you folks in the rest of the country. Really I do.
Sunday, January 30, 2011
Milton Babbitt
The epitome of the "difficult" modern classical composer, he was apparently a huge fan of the American pop songs of his childhood in the 20s and 30s. I own one recording of his music, Sextets and The Joy of More Sextets, amusing titles not for the obvious reason, but because the pieces are for only two instruments: violin and piano. The music is prickly and intellectual, but eminently listenable and lovely if you sit still and try.
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