As prepared for delivery by The Rt. Hon. Dr. Liam Fox MP Member of Parliament, UK at the Climate & Freedom Symposium 2021 sponsored by C3 Solutions (Conservative Coalition for Climate Solutions) BEGINS: For those of us who cut our political teeth in the Thatcher/Reagan era, today’s politics can be disorientating. Instead of the cool...
Breaking down government-imposed barriers is essential for both cost reduction and deployment. The American Energy, Jobs and Climate plan is a welcome and necessary step in that direction.
"Hopefully, President Biden will not simply rubber-stamp the U.N.’s initiatives. Instead of high-cost regulatory schemes, he needs to remind the world that America is the single greatest creative force in history—and its ingenuity will be the sole determinative factor in winning the climate battle."
Yet, building back better and cleaner will be best achieved when legislators and the administration do the dirty work of removing regulatory obstacles to cost-effective clean technology deployment.
"But other factors disproportionately affect certain types of projects. Smaller projects often have shorter licensing timelines, but, because they bring in less revenue, the costs hit them harder than larger, more profitable projects. And, because older projects can continue to generate income while seeking a relicense, the costs are less burdensome for them than for new projects, which cannot start construction or operation until they have their license in hand."
"America, and the world’s, best hope is to reject the advice of central planners and regulatory minders, and to fully embrace the proven principles of economic freedom that lead to innovation. Creativity, not coercion, is the best way to protect our natural and economic environment."
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"Climate change is a problem that requires prudent management, not society-transforming plans that will create little overall change if developing economies do not follow suit. Policies that respect the private sector’s ability to innovate will produce new technologies that will help mitigate the expected negative consequences of climate change, which are likely to accrue gradually over decades. In their commendable zeal to protect the planet, policymakers must not be overly ambitious that they do not react to the problem in a way that compromises their country’s economic and national security interests."
"Competitive power suppliers are deploying private capital to operate, innovate and invest in reliable and cleaner generation technology, including renewables and storage."
"Of the estimated $7.5 billion in electric vehicle credits to be claimed between 2018 and 2022, corporations will take about half. Of the other half claimed by individual Americans, 78% will go to people making over $100,000 per year."
