From WSJopinion: The only politically viable approach to fighting climate change is to focus on ramping up research and development to innovate down the price of green energy, writes BjornLomborg
The current spike in inflation is no accident. It's the result of reckless policies that squeeze the supply of goods and services—notably energy. Images: Reuters/AFP/Getty Images Composite: Mark KellyEnergy prices are soaring, and it’s likely a sign of things to come.
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.
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