While industrialized nations can help emerging economies leapfrog the use of coal by exporting cleaner technologies, market forces should ultimately decide what energy sources should ultimately determine what power sources a country does or does not use.
Developing robust energy infrastructure is necessary to help the global poor escape their economic plight. Affordable, dependable power is a necessity for lifting Africans out of poverty. Increasing economic vitality, in turn, will allow countries to develop the necessary infrastructure and innovations to improve well-being and reduce climate risk.
Through reforms that empower the market to drive energy investment and innovation, energy companies will deliver affordable, reliable power to consumers while continuing to lead the world in emissions reductions.
Blaming these companies negates the fact that high profits are being driven by global energy shortages.
As Biden scrambles to keep energy from rising, some have suggested that his administration consider banning crude oil exports. Doing so would be misguided and impose more economic harm on American families by curtailing supply and driving prices at the pump higher.
Conservatives across the nation are recognizing this week’s importance and showing that clean energy is indeed an issue that enjoys bipartisan support.
Americans are understandably relieved at the sight of declining gas prices. But that relief might soon turn to greater frustration if hurricane season is as bad as predicted.
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