Energy Realism over the past week focused on how climate policy and resulting higher energy costs hurt lower income citizens the most. Senior Fellow Rupert Darwall uses the UK as the prime example of what can go wrong when we allow the unelected to drive the debate. His is a clear warning that Western governments really have no idea how much climate policies cost or the real benefits achieved. Putting climate policy out of the reach of the democratic process might make politicians feel good today but make no mistake: the voters will have their say. In addition, Rupert also shows how China is leveraging U.S. climate obsession to advance itself and threaten American national security. Just take “Scope 3” greenhouse gas emissions, or those that come from end-users and are effectively not measurable. Steve Milloy reports that the green activists ignore the economic devastation that can result from their desired policies. That is because greens’ goals are often not environmental but an imposition of their political will on economies and society at large. David Holt also proudly stands up for the forgotten poor. This holiday season we should use our voices on behalf of those who cannot afford to pay higher energy bills by demanding reasonable and fair energy policies. At the heart of those pushing for relentless climate focus, for instance, are huge amounts of wind-based electricity. Realism concludes with a study from Professor Gordon Hughes at the University of Edinburgh answering the ignored question of “Why Is Wind Power So Expensive?” The reality is that markets have to be rigged in order to persuade investors to fund the investment that is required for more costly and less reliable wind power to thrive. In the News Frank Fischer, Oil Price Taraladsen et al., Bloomberg William Allison, Energy In Depth Bloomberg Tilak Doshi, Forbes Sergio Chapa, MSN Brian Croce, Pensions & Investments MarketWatch International Energy Forum In this webinar, IEF Secretary General Joseph McMonigle and BCG Global Energy Practice Leader Alan Thomson will present an overview and key findings from a new joint IEF-BCG report o... |