As delegates gather in Copenhagen this week to thrash out a global treaty on climate change, the shrill from skeptics intensifies. It’s useful to listen to wisdom from Nobel Prize winning economist, Paul Krugman. In a recent interview, I asked Paul the question on many lips: Will climate legislation kill the economy?
“If history is any guide… it’s just not a big deal,” says Krugman, citing the example of acid rain legislationwhich many people also said would kill the economy. “Dealing with it was cheaper than most estimates had suggested,” he says. “Given the incentives; the private sector found ways to generate a whole lot less acid rain.”
Krugman thinks the same will be true of carbon limits and has already explained his preference for cap and trade in a previous Fresh Dialogues segment.
We also discuss the power of his New York Timescolumn and his influence on the Obama Administration. “We’re speaking across the transom…when I argue with them in my column this is a serious discussion…people in the administration do call me…it’s no longer this sort of Cold War as it was during the Bush years.”
And how does he view his role? “I’m trying to make this progressive moment in American history a success,” says Krugman.
But why not take a position within the administration to be more effective?
“I’m never going to be an insider type. You have to do bureaucratic maneuvering, be pretty good at being polite… reasonably organized…,” says the Pulitzer prize- winning columnist. “I’m none of those things. I can move into a pristine office and within three days it will look like a grenade went off.”
On November 17, I attended the CleanTech OpenAwards Gala at the Masonic Center in San Francisco and enjoyed keynotes from Lesa Mitchellfrom the Kaufman Foundation, Bill Weihl, Google’s Energy Czar and Nancy Pfund, of DBL Investors.
Minutes after his company was picked as the National Award Winner. I sat down with Scott Hublou, co-founder of EcoFactor. His three-year-old start-up has created an energy management systemfor the home that uses weather data to optimize heating and cooling. Scott claims savings of between 20 to 30% are achievable. Sounds pretty attractive in this tough economy, and the judges thought so too.
How did the CleanTech Open and its mentoring help you?
“It forces deep thinking around various different business models. Because there are actual deadlines, it’s kinda like being back in school again where you have to have deliverables… You’re presenting to your peers and potential investors, so you always want to make a good impression… think about sustainability, and good market strategies.”
In advance of Obama’s trip to Chinathis week, Nobel Prize winner, Paul Krugman gave a short, sharp economics lesson on climate change and China during our exclusive interview in Silicon Valley, November 12. What does he think the US and Chinese governments should be doing to combat climate change and stimulate the green sector?
Why is he not concerned about China’s lead in clean energy technology?
Krugman explains why negotiating with China over CO2 emissions would be preferable to trying to enforce a carbon tax. Hear all this and more in this Fresh Dialogues interview.
Here are selected quotes:
“Climate change is the mother of all externalities…left without any government intervention, we’re going to basically par-boil the planet.”
“You don’t want to get hung up on the specific sexy technologies (like wind turbines)…look at the history of information technology…nobody gets a monopoly for very long.”
“If we say to the Chinese, we want you to have a carbon tax – how can we really tell it’s enforced? But if we negotiate with the Chinese that they will have total CO2 emissions of so much, we can monitor that pretty well.”
For Part One of the Paul Krugman interview – on Obama’s Job Summit click here
On Thursday November 12, I had an exclusive interview with Nobel Prize winning economist, Paul Krugman. Just hours after President Obama announced the Job Summit, I sought out Krugman’s wisdom and he gave some radical advice to the President. Emphasising that “the Job Summit can’t be an empty exercise,” the renowned economics expert recommends a minimum of $300 Billion be spent by the government to encourage job creation, with a focus on job tax credits and subsidies for companies that retain jobs. For a transcript of the interview, click here or watch video
This is part of a longer interview in which we discussed green jobs, Krugman’s impact on government policy, his future plans and what gives him that “missionary zeal.” Click here for Part Two on China and Climate Change. Check back soon for more interview segments on Fresh Dialogues.
The interview was recorded on November 12, 2009 at the Flint Center, De Anza College, Cupertino. Dr. Krugman was in Silicon Valley to deliver a lecture as part of the Foothill College Celebrity Forum Series.
I sat down with Pulitzer prize winning Tom Friedmanto discuss his book and the upcoming Climate Summitin Copenhagen. In this part of the interview, we discuss what we can learn from Denmark – dubbed the greenest country in the world; the role of Silicon Valley in energy technology innovation; and where he thinks the next Green Google will grow. Tom says emulation is more effective than compulsion in solving the climate crisis, so I asked him:
Do you think the Copenhagen Summit is a waste of time? (more…)
Bloom Energyhas been in stealth mode since 2003 and little has been released about the fuel cell company’s technology and timeline. KR Sridhar, CEO of Bloom Energy agreed to sit down with me to discuss the company’s technology and team. We explore the importance of the Bloom Box affordability; as well as the company’s timeline. KR also explains why he doesn’t want to add to the hypesurrounding the company. This is Part Two of my interview which was recorded on September 30, 2009. Here’s the transcript and check back next week for Tom Friedman’sviews on Bloom Energy
To check out the Part One post summaryclick here, and to read the Part One Transcriptclick here
“If history is any guide… it’s just not a big deal,” says Krugman, citing the example of acid rain legislation which many people also said would kill the economy. “Dealing with it was cheaper than most estimates had suggested,” he says. “Given the incentives; the private sector found ways to generate a whole lot less acid rain.”
This is part of a longer interview in which we discussed green jobs, Krugman’s impact on government policy, his future plans and what gives him that “missionary zeal.” 
