Climate: Energy Crunch as Teachable Moment

I was probably going to write something today (Friday) about the student-loan forgiveness program — yes, it's inflationary, yes, it's ...

BY ANDREW STUTTAFORD Image August 27, 2022

Climate: Energy Crunch as Teachable Moment

I was probably going to write something today (Friday) about the student-loan forgiveness program — yes, it's inflationary, yes, it's going to boost college fees and, no, it won't be the last — but there we are, I've written most of it just now. There's also quite a bit to say about California's electric-vehicle mandate, and what it reveals about the hubris of central planners.

But then I read these lines in an article by Camilla Cavendish in the Financial Times this (Friday) morning:

People may prove more amenable to sacrifice than politicians imagine. On a business trip to Tokyo after the Fukushima meltdown, I found executives complying with government instructions to limit air conditioning and jettison jackets. It was high summer, and we were all sweating, but it didn't matter.

It may be just me, but I am not convinced that the behavior of corporate executives in a country known (admittedly not always fairly) for conformity is that much of a precedent, especially given those very specific circumstances. Fukushima was an immediate, all-too-visible crisis, and an obvious reason for people to do what they could to help. I doubt that it is much of a guide (the idea that Cavendish was floating) to how people will react to the current energy crisis or to the (disputed) effects of a changing climate.

The even more disputed policy solutions to deal with those effects that emerged from the Paris Climate Agreement and the COP sessions that followed represent no kind of consensus beyond sections of the West's ruling class, as the Chinese, ...   READ MORE





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