Texan green capitalism

Robber baron bets on wind.

If any gentle readers are unconvinced that wind energy is now economic, this report should clinch it. T. Boone Pickens has put together a consortium to build a 4GW wind farm in Texas at a cost of $10bn. Pickens, a peak oil believer, has been called many things during his long career as a robber baron, but not I think accused of green sentimentality.

You can’t generalise much from this to other windy prairie states. Texas has an implicit carbon tax through the successful effort by environmentalists to block construction of new coal-fired power stations, so raising the return from wind. A real carbon tax would have returned the rent to the people of Texas; an implicit one gives it to Pickens and other needy billionaires. But second-best beats no cigar.

(Follow-up to previous post on Texan green socialism).

Author: James Wimberley

James Wimberley (b. 1946, an Englishman raised in the Channel Islands. three adult children) is a former career international bureaucrat with the Council of Europe in Strasbourg. His main achievements there were the Lisbon Convention on recognition of qualifications and the Kosovo law on school education. He retired in 2006 to a little white house in Andalucia, His first wife Patricia Morris died in 2009 after a long illness. He remarried in 2011. to the former Brazilian TV actress Lu Mendonça. The cat overlords are now three. I suppose I've been invited to join real scholars on the list because my skills, acquired in a decade of technical assistance work in eastern Europe, include being able to ask faux-naïf questions like the exotic Persians and Chinese of eighteenth-century philosophical fiction. So I'm quite comfortable in the role of country-cousin blogger with a European perspective. The other specialised skill I learnt was making toasts with a moral in the course of drunken Caucasian banquets. I'm open to expenses-paid offers to retell Noah the great Armenian and Columbus, the orange, and university reform in Georgia. James Wimberley's occasional publications on the web