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 ...

Capital-Letter.png
BY ANDREW STUTTAFORD Image August 27, 2022
Capital-Letter-center.png
BY ANDREW STUTTAFORD August 27, 2022
hero

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

spacer

ADVERTISEMENT

NEW ON

Capital-Matters-center.png

Ben Lieberman

The Skyrocketing Cost of Staying Cool This Summer — and Future Ones

Washington is thus far ignoring its culpability in the rising cost of staying ...

Veronique de Rugy

Economists vs. Biden

Biden is more likely to be remembered as the inflation and high-debt president than as the president who helped us ...

Marc Joffe

Why ESG Is Bad for the Economy

Like many movements in America's past, the ESG-investment crusade has taken a reasonable idea and stretched it ...

Will Duffield

An FTC Crusade Threatens VR Innovation

The commission's arguments play fast and loose with market definitions to conjure threats to competition where ...

Andrew Stuttaford

Housing: Sales Fall, Prices Stay High – Not a Picture of Stability

People can only afford to pay what they can afford to pay, however much they may stretch the meaning of that ...

Andrew Stuttaford

Europe: Winter May Be Coming Early This Year

The price being paid by the EU for the reckless pace of its ‘transition’ from fossil fuels continues ...

THE CAPITAL RECORD PODCAST

CapitalRecordAd-final1_BLUE_NONMEM.jpg

ADVERTISEMENT

 
 
 
Learn more about RevenueStripe...
national review

Follow Us & Share

19 West 44th Street, Suite 1701, New York, NY, 10036, USA
Your Preferences | Unsubscribe | Privacy
View this e-mail in your browser.

Commentaires

Posts les plus consultés de ce blog

This Is What Fish Oil Supplements Actually Do

Chris Froome sends out strong message to his rivals as he storms back to win Criterium du Dauphine for the second time

Kid draws a hilarious family portrait, featuring his mother on her period