The goal is to halve U.S. greenhouse gas emissions by 2030 (relative to 2005 levels) and ultimately reach “net zero” emissions by 2050. Nearly 80% of Americans’ total energy needs are met by coal, oil, and natural gas—the very energy resources targeted by Biden’s executive orders. The “net zero” climate policy unleashed by Biden’s two executive orders isn’t possible or desirable. The same wrongheaded perspective created Europe’s catastrophic dependency on Russian energy and energy infrastructure. Queue up, for example, the Securities and Exchange Commission’s infamous proposed rule on disclosing greenhouse gas emissions.
Continue reading...