Voters are rejecting climate policy as too costly with negligible results

Watching the news, you get the sense that climate change is making the planet unlivable. We are bombarded with images of floods, droughts, storms and wildfires.

COPENHAGEN – Political rhetoric has shifted away from the need to respond to the “generational challenge” of climate change. Investment in alternative energy technologies like solar and wind is no longer peddled on environmental grounds. Instead, we are being told of the purported economic payoffs, above all, the promise of so-called “green jobs.” Unfortunately, that does not measure up to economic reality. (...) 

Some business leaders are cozying up with politicians and scientists to demand swift, drastic action on global warming. This is a new twist on a very old practice: companies using public policy to line their own pockets. The tight relationship between the groups echoes the relationship among weapons makers, researchers and the U.S. military during the Cold War.