Innovation’s vastly cheaper than green subsidies

2011-06-14 How to Set Goals

COPENHAGEN – At this century’s start, leaders from every country agreed to pursue the United Nations’ Millennium Development Goals. The ambition was to improve significantly the lot of the planet’s most disadvantaged citizens before 2015. (...) Read it online BL Op-ed 2011-6 June How to set Goals.pdf

Weeks before thermobaric rockets rained down on Ukraine, the chattering classes at the World Economic Forum declared “climate action failure” the biggest global risk for the coming decade. On the eve of war, U.S. climate envoy John Kerry fretted about the “massive emissions consequences” of Russian invasion and worried that the world might forget about the risks of climate change if fighting broke out. Amid the conflict and the many other challenges facing the globe right now, like inflation and food price hikes, the global elite has an unhealthy obsession with climate change.

We constantly hear how solar and wind energy is already cheaper than fossil fuels. A few months ago, Bloomberg Business declared that “wind power is now the cheapest electricity to produce in both Germany and the U.K., even without government subsidies.”

If renewable energy is cheaper than dirty fossil fuels, why isn’t everyone adopting them? Are we so irrationally addicted to polluting energy sources that we won’t even embrace cheaper and cleaner alternatives?