Even Russell Gold thinks this is far-fetched.
Wall Street Jounral (4/23/21) reports: "Meeting President Biden’s goal of sharply reducing U.S. greenhouse-gas emissions by 2030 would require dramatically reshaping key sectors of the economy. While U.S. industries are already transitioning to a lower-carbon future, Mr. Biden’s target would require companies in industries from energy to transportation to agriculture to greatly speed the pace of change. Some segments of the economy appear to be ready. Others would face extraordinary challenges. All would face significant new costs—exactly how much is unknown—and it is unclear how much would be subsidized by government tax policies or incentives, since the Biden administration has yet to detail how it would seek to reach the aggressive new goal...At an Earth Day climate summit this week, Mr. Biden called for slashing U.S. greenhouse gas emissions by 50% to 52% compared with the baseline year of 2005, as he seeks to put America at the forefront of world-wide efforts to combat climate change.Mr. Biden’s target is a significant ratcheting up of the goal articulated by former President Barack Obama —a 26% to 28% cut by 2025—to help put the U.S. on a path to comply with the Paris agreement, which seeks to limit average global temperature increases to 1.5 degrees Celsius above preindustrial levels."
|
|
|
|
|
|
"Journalists keep talking about a future without ice, about ice-free summers in the Arctic, and casually throwing in 'sea level rise if x were to melt completely' as if x was in any danger of melting away entirely over anything but geological time frames. This places the completely wrong ideas in their readers’ heads and gravely misinforms the public about the world. Doctors abide by the 'First, do no harm' promise. Maybe journalists should too."
– Joakim Book,
American Institute for Economic Research
|
|
|
|
|
|
