Tuesday, March 04, 2014

Hey, Just a Reminder, Part 2

I said this back in 2013:
3) Global Warming Is Dead - From a policy perspective that is.  The climate will do what it does but there ain't gonna be a re-ordering of the global economy cooked up by the warmists.  If you've been scared out of energy investments by the incessant bleating of global warmists, you've got to get back in.  The world needs energy and it can't afford phony energy, so get invested in energy that works.  So don't invest in solar or wind or any of that garbage (if any of it does turn out to actually work, the Exxons of the world will wind up owning it ultimately anyway).  Furthermore, those in thrall to the religion of climate change will wake up; expect Europe to drastically improve its competitiveness by jettisoning decades of wrong-headed warmist policy.
Well, more on that today via Instapundit
Europe’s dogged pursuit of a solar- and wind-powered future has jacked up energy prices for households and industry alike. For families, it has meant higher monthly power bills—a tax felt most keenly by the poor. For businesses, it has even farther-reaching implications. As the EUobserver reports, more than a hundred leaders of European industry are warning that these rising costs are threatening the EU’s economic recovery. . . .
This isn’t just a matter of lower-than-expected GDP growth for EU member states. Europe has staked out a position as a global leader in green initiatives, so for many of these CEOs the recent rise in electricity prices is only the beginning. Overall, the costs of doing business in Europe are edging toward the unworkable. For multinationals, healthier energy and regulatory environments are beckoning. In particular, the shale boom has made the United States an especially attractive home for energy-intensive industry.
Europe is beginning to feel the pains of its policy of placing the environment before the economy. This is a shame, because the two aren’t necessarily mutually exclusive. America is an excellent example of a healthier balance: by embracing shale gas, it has been able to wean itself somewhat off of coal, both reducing emissions and bringing prices down. Europe has plenty of shale itself, if it would only embrace it.


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