Tag: economics and politics

The following video and audio podcasts look at resistance by the US oil and coal industries to measures to curb the consumption of oil and coal. Despite the clearly estabilised link between burning fossil fuels and global warming, many in the two industries reject, or at least question, the evidence. After all, it is in their commerical interests to promote the consumption of fossil fuels!

Elsewhere in the USA, interesting scientific developments are taking place to combat global warming. One measure is the production of ‘green oil’ produced from algae. Growing the algae absorbs carbon from the atmosphere.

In few areas are economic arguments so intertwined with political ones. The podcasts look at some of the issues.

Energy policy divides in the US BBC News, David Shukman (2/11/09)
America’s energy policy dilemma BBC News, David Shukman (2/11/09)
Texas takes on green energy BBC News, Roger Harrabin (1/06/09)
Ethical Man: Green revolution in Texas BBC Newsnight, Justin Rowlatt (11/3/09)
Climate plans part of wider battle over American freedom Ethical Man (Justin Rowlatt) blog (BBC) (3/11/09)
Obama urges climate change effort BBC News (3/11/09)
Al Gore on tackling global warming BBC Newsnight (4/11/09)
Al Gore on beating the ‘oil habit’ BBC Today Programme (4/11/09)


  1. To what extent will the free market result in a shift to greener energy sources? Why will any shifts towards greener fuels still not result in the socially or environmentally optimum use of fossil and ‘green’ fuels without government intervention?
  2. What policies could governments adopt to internatlise the externalities involved in burning fossil fuels?
  3. How suitable are cap-and-trade policies (tradable permits) for tackling global warming? What conditions are necessary for such policies to be effective?
  4. Why is tackling climate change politically difficult for (a) individual countries and (b) the world as a whole? How is game theory relevant to your analysis?