Ron Bailey of Reason writes that Biden’s climate plans are largely superfluous.
- While climate change has risks that need to be addressed, the Biden administration has looked to tackle the challenge through top-down government solutions.
- The private sector is already investing in green technologies, emissions reduction efforts, and climate-related R&D, without government mandates.
- The government should play an important, yet limited role in tackling climate change through spending on national infrastructure needs, energy R&D, and removing government-imposed obstacles.
- The Biden administration should remove barriers to climate entrepreneurship and empower innovators in the private sector.
“The Biden administration believes that private companies and markets are not effectively pricing into their calculations the effects of man-made climate change on housing, stocks and bonds, physical assets, crop yields, and fire risks. Consequently, President Joe Biden has issued Executive Order 14030 on Climate-Related Financial Risk.”
Read the full article here.