The ‘Green Energy Transition’ That Wasn’t

Energy prices are soaring, and it’s likely a sign of things to come. The rise can be blamed on a variety of things, including the demand rebound after the lockdowns ended, a drop in renewable electricity output from a lack of wind in Europe during most of 2021, and increasingly costly climate policies. But while the pandemic will end and the wind will blow again, climate policies to achieve “net zero” emissions will keep hiking prices.

COPENHAGEN – Despite gains in life expectancy, expanded access to education, and lower rates of poverty and hunger, the world has a long way to go to improve the quality of people’s lives. Almost a billion people still go to bed hungry, 1.2 billion live in extreme poverty, 2.6 billion lack access to clean drinking water and sanitation, and almost three billion burn harmful materials inside their homes to keep warm.