Voters are rejecting climate policy as too costly with negligible results

For three decades, climate campaigners have fought to make fossil fuels so expensive that people would be forced to abandon them. Their dream is becoming reality: Energy prices are spiraling out of control and will soon get even worse. Yet we are no closer to solving climate change.

The concept of trade-offs has become unfashionable. Politicians around the world like to pretend that their choices will bring us nothing but superlative benefits.

Nowhere is this whitewashing more pervasive or accepted than in climate change. There is a prevalent, comforting notion that we can have our cake and eat it too: that cutting carbon need not involve financial sacrifice.

The electric car industry is elated with an incoming Biden administration because it promises to extend and increase electric car subsidies to fix climate change.

Similarly, leaders across the rich world promise lavish carrots along with sticks to outlaw petrol cars. This week, British Prime Minister Boris Johnson announced a ban on the sale of new petrol and diesel cars from 2030. Unfortunately, electric cars will achieve only tiny emissions savings at a very high price.