The New Future of Energy Policy

Flood myths are common to human culture. Swollen rivers, tidal storms, and tsunamis make their appearance frequently in literature. But Hurricane Sandy, which has drawn newly etched high-water marks on the buildings of lower Manhattan (and Brooklyn), has shifted the discussion from storytelling to reality. Volatility in climate has drawn the attention of policy makers for a decade. But as so often is the case, a dramatic event like superstorm Sandy -- the largest storm to hit New York since the colonial era -- has punctured the psyche of the densely populated East Coast, including the New York-Washington, DC axis where US policy is made. Not surprisingly, in the weeks since the historical hurricane made landfall, new attention is being paid to the mounting costs coastal world megacities may face. Intriguingly, however, this new conversation about climate, energy policy, and Am...