The High Cost of Green

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.

The follow-up meeting to the 2015 Paris climate accord on Dec 12 will be slightly less impressive than the original. Having dumped the Paris Agreement, US President Donald Trump is going to skip, and China and India are sending ministers instead of their leaders. But we will hear the same defiance coming from Paris as we have heard for the past two years: the Paris Agreement will continue, even without the US.

A new report revealing that using wood pellets to generate electricity can actually speed up global warming should be the final nail in the coffin for the flawed policy of biomass subsidies. Policies designed to incentivise green energy use are not only having a dubious effect on climate change, they are destroying biodiversity and even killing many thousands of people.