Tag Archive for: renewable energy

Green Dreams, Inflationary Realities

Global policy and politics, particularly in the high-income world, have been obsessed with dreams of a green economy. Imposing ever-more rigid methods to reduce greenhouse gas emissions as the way to “save the planet” is almost unchallenged in the media, academia, and corporate boardrooms of the developed world. The results on the ground have been less convincing, as the price of everything—from energy and food to construction costs—rises to unsustainable levels Read more

Democrats’ Energy Dilemma

The biggest challenge facing a putative first-term Joe Biden administration and the Democratic Party may lie with energy policy, where gentry and green wishful thinking confront the daily realities of millions of middle- and working-class Americans.

Democrats could choose a climate policy that allows for gradual change – for example, transitioning from coal to natural gas – and consider the feasibility of smaller and safer nuclear plants, while keeping the productive economy afloat. But Biden, despite some wriggling about fracking on private land, just last week committed himself to the gradual eradication of the fossil fuel industry. His running mate, Senator Kamala Harris, is beloved by California’s extremist greens.

Already, in anticipation of a Democratic sweep, utilities are putting some natural gas projects on hold – threatening a powerful growth engine in places like Pennsylvania and Ohio. If Biden continues to embrace the basic thrust of the Green New Deal, if not its full-bore socialist program, the impact could be devastating for manufacturing areas that compete with China, which depend largely on natural gas, coal, and nuclear power to keep costs down. These state economies cannot fantasize, as some do in California, that the resulting social costs will be paid for by the wealthy digerati; lacking sufficient numbers of the rich and famous, these states will be hit hard, and fast.

If, as seems likely, victorious Democrats enact legislation broadly derived from the Green New Deal, major blowback – and economic disruption – seems inevitable. Biden and Harris have been almost comically inconsistent in their statements about fracking, but they’re certainly hostile to it: if they win the White House and pursue a ban, it would likely drive higher prices for energy, reduce national energy self-sufficiency, and cause massive job loss among a large number of Americans, particularly in key states like Ohio and Pennsylvania.

Read the rest of this piece at Real Clear Energy.

Joel Kotkin is the author of the just-released book The Coming of Neo-Feudalism: A Warning to the Global Middle Class. He is the Presidential Fellow in Urban Futures at Chapman University and Executive Director for Urban Reform Institute — formerly the Center for Opportunity Urbanism. Learn more at joelkotkin.com and follow him on Twitter @joelkotkin

Blackouts and Fires: California’s Summer Attractions

In the soft warmth of spring the swallows famously return to Capistrano, but in recent years they are followed by what seems inevitable summer power outages and fires. This is not as pleasant an experience for Californians as the return of our favored feathered companions.

Every summer, usually around this time of year, we get our inevitable heat waves. In the past, we used to endure them without fearing our lights — and computers — would be shut down, and our houses left in ruins. Read more

Green Policies Won’t Keep California Truckin’

No state advertises its green credentials more than California. That these policies often hurt the economy, driving up housing costs and narrowing opportunities for working-class people while not even doing much for the environment, has not discouraged the state’s environmental overlords. Read more

The Green Civil War

Like many contemporary social movements—#metoo, Black Lives Matter, the Women’s March—the environmental lobby has tended to create an atmosphere of unanimity. In its struggle to win public and elite opinion, it has frequently evoked “science” as something settled and immutable, warning that those who dissent are either self-serving or seriously deranged.

Yet in recent months, there has been growing criticism about the current green orthodoxy, including from people long associated with environmental causes. Read more