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Environmental Emissions

Jun 25, 2010 • Environment, Regulation • 157 Views    1 Comment

A letter in “The Mail” section of a recent New Yorker tells us about a funny error on the cover of the May 17, 2010 issue. Mainly portraying emissions from vehicles, factories, and cows, the cover focuses on our environmental problems. According to the letter writer, though, the illustrator, “..has the ‘ends’ mixed up.” The cow “releases only trace amounts of gas through its rectum [as drawn]…; the hundreds of quarts of methane it contributes to the atmosphere each day are belched.”

Thinking about the cover, I recalled pending Congressional legislation that concerns emissions. Through the “Electric Vehicle Deployment Act of 2010,” the Congress proposes that we minimize auto emissions and oil consumption. The 77 page (pending) law includes a $10 million prize for creating a 500 mile battery and a process for establishing between 5 and 15 “deployment communities”.

I wonder whether government R & D support should be so specific. Should federal dollars go to institutions rather than a precisely described result? Aren’t the best ideas generated when we encourage a more open ended approach?

The Economic Lesson

Through an opportunity cost chart, we could determine the benefits of targeting one technology and the benefits of an attractive alternative approach. Knowing that choosing is refusing, hopefully our legislators use cost/benefit analysis.

 

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  • KAREN HOROWITSZ

    Really good article, Interesting and useful, apart from this I have a small business at Hagerstown in MD. Yesterday I was reading a business magazine & got to know something interesting & inspiring. I really feel to share with you guys. I read about Kaleil Isaza Tuzman & got to know that Isaza Tuzman is best known as an entrepreneur and co-founder of govWorks.com. He started his own business in early age. He has vast experience of entrepreneurship & now he is the CEO & chairman of the board of KIT Digital. KIT Digital is one of the largest video software and service provider worldwide. I really got inspired by him. Hats Off to him.

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