The Price of Biden’s Climate Executive Orders For Americans

On climate change, government-centric approach will hurt USA with unintended consequences

Climate change is real, and man-made emissions are indeed having an impact. However, many of the subsidies and regulations being proposed are costly and ineffective, benefiting the well-connected rather than the planet.

Take President Joe Biden’s expected moratorium on new oil and natural gas leases and drilling permits on federal lands. Western and Gulf Coast states, which rely on energy development for their economic life, would suffer. The decision would result in less supply, fewer jobs and less revenue coming into these states — money used to fund everything from public schools to conservation efforts.

Worse, all the economic costs of the moratorium would buy a change in the Earth’s temperature that’s practically unnoticeable. A climate model developed at the National Center for Atmospheric Research shows that eliminating all fossil fuel production on federal lands would avert 0.08 degrees Celsius of warming by 2100.

Further, policies that restrict or prohibit natural resource extraction in the United States will not stop or substantially change the global consumption of these resources. Instead, production will shift to places where the standards are not as rigorous, increasing emissions in the process.

This administration’s recent energy actions represent a broader concern with a government-centric approach. They will result in higher prices and are fraught with unintended consequences.

In fact, even if the United States were to achieve a net-zero emissions target at the sacrifice of higher energy bills and a weaker economy, the climate benefit would be minimal, as America constitutes a relatively small percentage of global emissions.

The Paris Agreement does little to change this, as major emitting developing countries have free reign to emit well into the future without meaningfully changing their behavior.

A more effective way for the government to lead is to get out of the way. Reforms should focus on breaking down barriers to innovation, providing timelier permitting for new, cleaner energy projects and reducing trade barriers that stunt the adoption of more efficient technologies. We need economic freedom, not more restrictions.

By Nick Loris

Nicolas Loris is the deputy director of The Heritage Foundation’s Roe Institute for Economic Policy Studies.

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

Columns

Baseball’s thorny rose 

Ban of Pete Rose made sense when professional sports’ leagues were not in bed with gambling. Reinstating him now to benefit the MLB is hypocritical.

Top 9 Supreme Court Decisions to Watch for in June

The Supreme Court is heading into its summer recess, which means the justices will be issuing a series of hotly-anticipated decisions throughout June.

Pesky 9/11 Conspiracies Remain Without Explanation!

Wisconsin Senator Ron Johnson (R) recently appeared in an...

Targeting Military Installations, IP Theft: A Look at Criminal Cases Involving Chinese Students

Trump admin’s pledge to “aggressively” revoke visas of Chinese students was made after years of concern over CCP efforts to infiltrate U.S. academia.

Alleged CCP Influence Operations Involve Paid Protesters in New York

Tactics used by the Chinese Communist Party (CCP) to influence public perception in the United States appear to be evolving.

News

DOE Cancels $3.7 Billion in Biden-Era Green Energy Awards

DOE canceled clean energy projects worth $3.7 billion, citing concerns over financial viability, insufficient return on investment, and failure to meet energy needs of Americans.

Health Department Cancels More Than $700 Million in Funding for Moderna’s Bird Flu Vaccine

HHS has canceled funding for Moderna’s vaccine against avian influenza, also known as the bird flu, the department confirmed on May 29.

FDA Approves Moderna’s New COVID-19 Vaccine

FDA licensed Moderna’s new COVID-19 vaccine for adults aged 65+ and people aged 12 to 64 who have condition putting them at risk for severe COVID-19.

Bernard Kerik, NYPD Commissioner During 9/11 Attacks, Dies at 69

Bernard Kerik, a former New York City police commissioner who was hailed as a hero after the Sept. 11, 2001, attacks, has died at 69, according NYPD.

New COVID Variant NB.1.8.1 Starting to Spread Worldwide: What We Know

WHO has said that the COVID-19 variant NB.1.8.1 is causing more infections worldwide, as China’s health agency said it’s the dominant variant.

If US, Europe Don’t Move on Greenland’s Minerals, the Island Could Partner With China: Minister

Greenlandic official raised stakes in the contest for its minerals, suggesting the Danish territory could turn to China if US and Europe do not move faster.

Western Pennsylvania Communities Welcome New Steel Partnership, Trump’s Arrival at Rally

Steel workers and Pittsburgh community are looking forward to Trump’s rally at U.S. Steel Corp’s Irvin Works, grateful for efforts to bolster local industries.

Barron Trump Didn’t Apply to Harvard, White House Says

First Lady Melania Trump rejected speculation that Barron Trump was denied admission into Harvard, saying he didn’t apply to the Ivy League school.
spot_img

Related Articles