World will go green only when the price is right

2013-11-14 Today’s policies to combat climate change cost much more than the benefits they produce. Unfortunately, bad political choices often make these policies even less cost-effective.  Consider the European Union’s 20-20 policy, which targets a 20% reduction in CO2 emissions below 1990 levels by 2020. It is important to examine this approach, not only because the EU is pursuing the world’s largest and most ambitious climate policy, but also because other climate policies suffer from similar shortcomings. (...) 

Joe Biden's climate alarm is poorly founded.

Take hurricanes. Last year, you undoubtedly heard that climate change made hurricanes “record-setting.” Actually, 2020 was above average in the North Atlantic partly because of the natural La Niña phenomenon, and only record-setting in that satellites could spot more storms.

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 World War II, the black plague and Covid.