The World Bank Must Change Course

The energy crisis caused by the war in Ukraine disabused many politicians of the notion that the world could make a swift transition to green energy powered by solar, wind and wishful thinking. As food prices skyrocket and the conflict threatens a global food crisis, we need to face another unpopular reality: Organic farming is ineffective, land hungry and very expensive, and it would leave billions hungry if it were embraced world-wide.

The lesson from the federal government's failed backing of Solyndra is not that the United States should abandon energy innovation. It is that the government should not try to pick industry winners in the race to replace fossil fuels with an alternative. Solyndra is the now-bankrupt solar-panel manufacturer that received a $535 million federal loan guarantee in 2009 to build a factory based on the proposition that solar power should be captured through solar cylinders rather than the more established technology of silicon wafers.

While the challenge of climate change is incredibly complex, the climate conversation is often restricted to an overly simplistic scope, with a limited number of acceptable perspectives. The ‘acceptable’ worldview can be reduced to this: Climate change is an existential threat, our most important problem, and we can fix it cheaply with solar and wind energy.