Ron Bailey of Reason writes on the Glasgow Climate Pact.
- The Glasgow Pact, which was signed by close to 200 nations, has been hailed by it signatories as a pathway to keeping global temperatures below 1.5 degrees Celsius by the end of the century.
- The Pact calls for prescriptive mandates and governments picking energy winners and losers.
- As we have seen in the United States, market-driven solutions are the best way to reduce emissions while providing affordable energy to consumers.
- If the world wants to reduce the impacts of climate change, it should turn to solutions that are rooted in economic freedom.
“The bottom line is: Given likely global carbon dioxide emissions trends from developing countries, 1.5°C is dead but 2.0°C is alive. Why? Largely because accelerating technological and market trends will fortuitously keep many of the COP 26 promises made by the politicians for them.”
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.
