Adani is getting on with the job of building its Carmichael coal mine as opponents prepare for a renewed campaign of protests.
Articles from John Quiggin
In pointing out that Adani’s Carmichael mine wasn’t viable without government help, I focused on the possibility of a concessional loan from Australia’s Export Finance Insurance Corporation. As commenters have pointed out, Adani (a prominent crony of Indian PM Modi) looks like being able to charge above-market prices for electricity in India. I’m not clear whether this helps much to make the Carmichael project viable. Over the fold, an exchange I had with Charles Worringham.
The 100th anniversary of the Treaty of Versailles is coming back. I have a piece in The National Interest which ran under the headline (selected by the subeditor, as is usual), America Needs to Reexamine Its Wartime Relationships.
My central claim, in writing Economics in Two Lessons, is that most economic policy issues can be understood in terms of opportunity costs and their relationship to prices. I was talking about 21st century (electric and self-driving) cars, and several of the issues that came up illustrated this point very neatly. Among the objections to 21st century cars are the following
Yesterday I did an interview about the Queensland government’s plans for an infrastructure fund, to which coal companies have been invite to contribute in return for a promise not to increase royalties. I’d prepared on the assumption that the announcement would be about royalties, so I had to do it all on the fly.
Looking back at past posts, it’s enjoyable to find those where I went out on a limb and have been proved right by events, or at least supported by subsequent evidence. A couple of examples
… Sooner or later we’ll have to pay our share. That’s the headline for my latest piece in The Guardian. The more important message is in the “standfirst” text that runs before the article proper.
The cost of responding to climate change is trivial compared with the benefits
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