Authors Posts by George David Banks

George David Banks

George David Banks
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George David Banks is Executive Vice President at the American Council for Capital Formation. He is an economist, political consultant, and policy advocate, focusing on energy, environment, and trade. Banks has published reports and opinion editorials on a variety of policy issues, including climate change, civil nuclear power, and energy markets and trade. He is also a fellow at Columbia University’s Center on Global Energy Policy and a member of the ClearPath Foundation’s advisory board. Most recently, he served as President Donald Trump’s Special Assistant for International Energy and Environment at the National Economic and National Security Councils – a position that required him to manage workstreams related to his portfolio across the federal government.

Trump’s Foreign Policy Will Be Proven Right

Published in Real Clear Politics

Many of Donald Trump’s comments on foreign relations have left experts and former policymakers scratching their heads, and, in some cases, hostile to his candidacy for president.

Why a Price on Carbon Is Unlikely in the U.S. Anytime Soon

Published in Wall Street Journal

George David Banks cites a number of obstacles, starting with GOP opposition in Congress.

Trump’s instincts are correct on Russia

Published in Washington Examiner - Scary. Dangerous. Insane. Those are the words critics, including some key conservatives, use to describe Donald Trump’s informal courtship of Russian President Vladimir Putin. For the vast majority of America’s establishment, Trump’s remarks are simply unthinkable. But what if Trump is on the right track? What if the experts are missing what’s truly at stake for long-term U.S. national security?

Congressional Letter: Carbon tax would harm U.S. industrial competitiveness with no environmental benefit

In a letter to Senator Roy Blunt (R-MO), ACCF Executive Vice President George David Banks highlights ACCF support for climate mitigation and adaptation, but opposes policies that damage the industrial competitiveness of America and harm our middle class and poor.

Pursuing a More Comprehensive Approach toward Southeast Asia is Critical to Preserving U.S. Influence...

The Great Game between China and Japan, the Role of Infrastructure Development, and the American Wild Card

“Conservative” folly: How the carbon tax undermines GOP climate policy

Published in The Hill

Most observers would assume that the biggest impediment to creating a comfort zone for the GOP on energy and climate policy would be the climate skeptic or denier, as many far left environmentalists would say. Surprisingly, this isn’t the case.

ACCF Policy Alert No. 2: Why Climate Skeptics Should Not Object to EPA’s HFC...

The Obama administration’s climate change agenda is highly controversial. Current greenhouse regulations impacting existing and new power plants will certainly drive up energy costs, distort electricity markets, and harm economic growth and job creation in the United States. EPA’s SNAP program, however, is supported by the regulated industry and carries substantial benefits for U.S. industry by allowing it to leverage its current competitive advantage in the HFC replacement market.

Clean Power Plan Subsidies for Wind Reinforces Arguments Against Renewing the PTC

While the credit has received broad bipartisan support in the past, it has come under increased scrutiny for distorting electricity markets and undermining the competitiveness of baseload power generation, including nuclear reactors. EPA’s recent Clean Power Plan (CPP) – which forces states to cut an average of 32 percent of their carbon emissions before 2030 — also calls into question the continued need for the tax credit because it provides substantial subsidies to wind and locks in wind carve-outs under state renewable portfolio standards.

Success Of U.S. Climate Pledge Depends On Future GHG Regulation Of U.S. Industry, Other...

According to several independent studies and analyses, a large gap exists in the U.S. climate pledge to the United Nations. Simply put, the greenhouse...

Managing Pacific Rim Security Risks With U.S. Energy

INTRODUCTION Chinese policymakers are grappling with the country’s growing dependence on oil imports. Self-sufficient in crude as recently as the early 1990s, China is expected...

ACCF Policy Alert No. 1: The Death of American Uranium Enrichment?

On September 11 of this year, the Obama administration announced that it would take immediate measures to end funding of the only U.S. uranium...

ACCF Policy Alert No. 1: The Death of American Uranium Enrichment?

On September 11 of this year, the Obama administration announced that it would take immediate measures to end funding of the only U.S. uranium...

U.S. RESOURCE NATIONALISM: The Impact of Energy Trade Restrictions on National Security

Antiquated federal laws that severely limit U.S. energy exports undermine long-term U.S. foreign policy interests by threatening the international free trade regime, obstructing development...

Understanding The U.S.-China Announcement On Climate Change: Separating Myth From Reality

Last year’s U.S.-China Announcement on Climate Change is rich in what it says and does not say. Interestingly, both sides of the U.S. climate policy debate have framed the Announcement as something that it is not – an agreement with commitments related to emissions cuts and limitations.

Special Report: U.S. Coal Plant Financing Policy – A Threat To Long-Term U.S. Interests...

The role of the federal government in the international financing of coal plants has become controversial in recent years. Some policymakers as well as environmental activists oppose the use of any public funds for any overseas coal plant, including highly-efficient units, while some fiscal conservatives want an end to all government financing of exports and projects.