There’s an old story I heard when I first came to Australia about how the original inhabitants of Tasmania had lost the art of fishing, so lived on an island surrounded by water but never ate the fish that swam in the oceans around them. So one day others may tell of a people who inhabited an island made out of coal but chose to drive their electricity using windmills while running water up hill. In this vein, let me draw the following to your attention, from The Wall Street Journal: Climate change is over. There at the start we find this:
No, I’m not saying the climate will not change in the future, or that human influence on the climate is negligible. I mean simply that climate change is no longer a pre-eminent policy issue. All that remains is boilerplate rhetoric from the political class, frivolous nuisance lawsuits, and bureaucratic mandates on behalf of special-interest renewable-energy rent seekers.
Judged by deeds rather than words, most national governments are backing away from forced-marched decarbonization. You can date the arc of climate change as a policy priority from 1988, when highly publicized congressional hearings first elevated the issue, to 2018. President Trump’s ostentatious withdrawal from the Paris Agreement merely ratified a trend long becoming evident.
This is a trillion-dollar issue, that if you get it wrong, will lower living standards by substantial amounts for a generation at least and potentially more. From the same kinds of people who brought you Venezuela, the climate change spectre has made some people rich, has made obscure academics in obscure corners of the world of research famous and wealthy, has scared no end of our citizens about some possible rising of the oceans and an over-heated planet fifty years into the future, but has not produced a single verifiable fact about the climate.
If no one else is shooting themselves in the foot, then why are we? It’s time to stop, and return to burning coal and start building nuclear power stations just like everyone else.