VIJAY JAYARAJ: Scrap Green Energy Handouts Once And For All
As the presidential election nears, it is reasonable to ask why the United States continues to give away billions to “avert” a fabricated climate crisis to countries that have little interest in participating in the…
As the presidential election nears, it is reasonable to ask why the United States continues to give away billions to “avert” a fabricated climate crisis to countries that have little interest in participating in the charade beyond accepting handouts.
The United States has been a significant contributor to global climate initiatives, most notably through its involvement in the Paris Agreement.
At the 15th U.N. Climate Conference in 2009, rich countries pledged to provide $100 billion a year in climate finance by 2020 to assist developing nations fight climate change. This target was said to have been achieved for the first time in 2022, according to the Organization for Economic Cooperation and Development.
Having the world’s largest economy, the United States was expected to support a large portion of the Green Climate Fund (GCF), which resulted in a promise of $1 billion.
GCF claims to be the “world’s largest dedicated climate fund” with a portfolio valued at $12 billion, or $45 billion when co-financing of projects is included. According to the GCF website, the fund delivers “transformative climate action in 140 countries” to keep “average global temperature rise well below 2 degrees Celsius.”
To which one might respond: Poppycock! No “climate action” will have a significant effect on temperatures, and the 2 degrees cited hardly matter environmentally in any case. Climate policies “will have a trivial effect on temperature but disastrous effects on people worldwide,” concludes a recent paper by Prof. Richard Lindzen of the Massachusetts Institute of Technology and Prof. William Happer of Princeton University.
Besides, contrary to doomsday predictions, the Earth is flourishing in many ways. Global poverty has decreased dramatically over the past few decades, and agricultural yields have increased significantly partly, because of higher levels of atmospheric CO2. Natural disasters — often cited as evidence of climate change — are causing fewer deaths than ever before, despite population growth and development along coastlines and other vulnerable areas.
The outrage of having taxpayer money poured down the climate rat hole is compounded by the fact that recipients of GCF grants include China and India, the world’s largest emitters of greenhouse gases that are rapidly expanding consumption of fossil fuels. Meanwhile, the bone-headed policy of the United States is to reduce the use of these affordable and abundant fuels to the detriment of household budgets, business profitability, electric grid reliability and national security.
So, instead of pouring billions into international climate projects, the United States should prioritize its own energy security. This means developing its oil, coal and natural gas and strengthening partnerships with reliable allies like Canada.
The United States’ vast reserves of natural gas have been made available through advanced extraction technologies such as hydraulic fracturing and horizontal drilling, making the country one of the world’s leading producers. This abundance can ensure a reliable and cost-effective energy supply for other nations and reduce U.S. dependency on foreign sources, enhancing national security.
The intermittent nature of wind and solar power — both GCF darlings — necessitates backup power sources or massive battery storage systems that come with their own environmental and economic costs. The materials needed for batteries, for instance, are often mined in regions with poor environmental records or by using child labor.
By contrast, modern fossil fuel extraction in the United States and Canada is subject to some of the strictest environmental regulations in the world. Ironically, by outsourcing energy production to less regulated countries in the name of “going green,” the United States causes more environmental harm globally.
Russia’s invasion of Ukraine and the subsequent energy crisis in Europe starkly illustrated the dangers of energy dependence. European countries, having underinvested in fossil-fuel infrastructure and a reliance on Russian gas, found themselves in a precarious position.
This example alone is enough for the United States to reset its priorities. Promotion of failed and mostly unwanted “green” policies should be replaced with aggressive development of fossil fuel resources, as well as nuclear power and building robust energy partnerships with allies.
Vijay Jayaraj is a Research Associate at theCO2Coalition, Arlington, Virginia. He holds a master’s degree in environmental sciences from the University of East Anglia, U.K.
The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.
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