Written by Bjorn Lomborg on Jan 6, 2022. Posted in Latest news
Today’s Soaring Energy Prices Are Only The Beginning
Energy prices are soaring, and it’s likely a sign of things to come.
The rise can be blamed on a variety of things, including the demand rebound after the lockdowns ended, a drop in renewable electricity output from a lack of wind in Europe during most of 2021, and increasingly costly climate policies.
But while the pandemic will end and the wind will blow again, climate policies to achieve “net-zero” emissions will keep hiking prices.
Barack Obama acknowledged in 2008 that electricity prices “would necessarily skyrocket” under his proposed climate policies. He was more candid than many of today’s politicians and advocates.
Limiting the use of fossil fuels requires making them more expensive and pushing people toward green alternatives that remain pricier and less efficient.
https://climatechangedispatch.com/todays-soaring-energy-prices-are-only-the-beginning/
