The ‘Green Energy Transition’ That Wasn’t

Our current climate conversation embodies two blatantly contradictory claims. On one side, experts warn that promised climate policies will be economically crippling. In a new report, the International Energy Agency (IEA) states that achieving net-zero in 2050 will likely be “the greatest challenge humankind has ever faced.” That is a high bar, surpassing the Second World War, the black plague and COVID.

President Biden enthusiastically describes his administration's new Inflation Reduction Act as "the most significant legislation in history to tackle the climate crisis." Curiously though, neither officials nor media praising the IRA are stating the actual climate impact of spending $369 billion on the bill's climate provisions.

Copenhagen Consensus president Bjorn Lomborg explains the impact of the Democrats' spending bill on the environment on 'Kudlow.'

Energy costs are climbing out of control. A gallon of gas costs nearly $1 more than a year ago. Americans are experiencing sticker shock this winter on home-heating costs. Though part of this is due to the world restarting after the pandemic, climate policies are increasingly driving prices up. We need a change of direction.