The Green BAD DEAL

[dan_s]

The West’s climate policy debacle. Wall Street Journal.

Soaring oil and natural gas prices. Electricity grids on the brink of failure. Energy shortages in Europe, with worse to come. The free world’s growing strategic vulnerability to Vladimir Putin and other dictators. These are some of the unfolding results in the last year caused by the West’s utopian dream to punish fossil fuels and sprint to a world driven solely by renewable energy.

It’s time for political leaders to recognize this manifest debacle and admit that, short of a technological breakthrough, the world will need an ample supply of carbon fuel for decades to remain prosperous and free. The rushed green transition is driving up energy prices across the board. Peak-time electricity wholesale prices this summer are projected to more than double in the Northeast, Mid-Atlantic and Midwest, according to the Energy Information Administration. Blame the left’s war on pipelines, which has constrained natural gas production even as demand grows.