Energy efficiency portfolio standards needed

Implementing a national energy efficiency portfolio standard (EEPS) are just as important as, if not more important than renewable portfolio standards (RPS), and will go a long way toward making aggressive RPSs attainable, but aren’t getting much in the way of mindshare.  More info from the DoE, and the American Council for an Energy Efficient Economy (ACEEE).  EEPS are also a much cheaper (i.e. more profitable) way to cut carbon than current renewables.

Barnett’s Department of Everything Else

I first came across Thomas PM Barnett via his TED talk last year.  He’s an engaging speaker (PowerPoint performance artist might be more accurate), and he has interesting ideas about how globalization works, and what the US military’s role has been, is, and should be.  I’ve followed his blog on and off ever since.  I’m fascinated with him because a huge amount of what he says rings true, and unusually frank, but a little bit of it seems jarring. Last night I watched his full-length brief and took notes, to try and figure out what exactly it was that I disagree with.

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Machine Readable Financial Reporting

The SEC will soon require machine readable reporting of all financial data, using an XML based markup language known as XRBL (the eXtensible Business Reporting Language).  Holy crap.  Yes, this could have been done a decade ago in theory, but apparently it takes some serious mess to get anyone thinking at the SEC.  Probably bad for Morningstar‘s financial-data-silo business model, but good for just about everyone else.  Will spur a lot of financial transparency, as machines can be easily utilized to find patterns and irregularities in corporate and mutual fund reports, in near real time.  I don’t think most people give this kind of development the credit it deserves.  Long term, machine readability of all law and legal requirements will change the face of regulation, democracy, and ultimately, law itself.

What is the Fed doing?

Trying to keep track of all the shenanigans innovation going on at the Federal Reserve is difficult.  Econbrowser and Interfluidity among others have been trying to help…  but every time I read about how our money system works, I find my head spinning in incredulity.  And that’s just when I’m reading about how it’s “supposed” to work.  It’s been getting more confusing lately.

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Ideas for Change in America

Change.org is a kind of public idea tourament.  There are a bunch of different subsections: agricultural policy, government reform, energy, etc.  Readers vote and comment on the ideas, and the top few ideas in each category advance to the next round.  Larry Lessig has submitted Citizen Funding of Congressional Elections whereby only public money and small contributions can be applied toward election campaigns.

Not sure how well this kind of system can work.  Many of the highest rated ideas don’t sound very productive…

California Backstory Barcodes

California officials launch ‘Green Chemistry’ initiative – Los Angeles Times.

The idea is certainly good, but there’s a lot of bookkeeping that will need be done within the myriad supply chains that create the products, that isn’t getting done now.  Does California have enough clout to force it to be done?  Seems unlikely (even if we are the Nth largest economy on earth, where N is small).  Really we need to partner with the EU, and other like-minded bodies to come up with a single standard we can all adhere to.  This is the kind of thing the WTO should (for instance) be about.

Rearranging vs. Reinventing the Global Economy

The US road to recovery runs through Beijing says Asia Times Online, and Thomas Barnett emphatically agrees.  Everyone is talking about how to reorganize the global economy, but mostly the discussion is about how to most efficiently export our recently collapsed model of growth to the developing world.  Better this time around for sure, we say, but not fundamentally different in any way.  The Chinese need (and want, it turns out) more domestic consumption and consumer debt.

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