As Rupert Darwhal of RealClearEnergy writes, the new “carbon-neutrality-by-2050” mandates instituted almost “blindly” by governments (UK, EU) don’t consider the real costs.
- New Zealand is one of the only governments to take a sober look at what 2050 carbon neutrality would actually look like (would reduce GDP by 16.8%, would put the price of carbon up to $560 per metric ton).
- Reliance on wind (as pledged by the UK’s Johnson) makes a country more susceptible to blackouts.
- Market inefficiencies arise from governments buying up wind contracts.
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.