U.S. climate policies, designed to yield a utopia of net-zero greenhouse gas emissions by, say, 2050, are preposterous. The costs are massive. Consumer resistance is such that important components of the policy agenda are already collapsing. The metastasizing system of financial regulations imposing penalties upon the fossil energy sector is unlikely to survive judicial scrutiny. And for what? Even if implemented fully, the entire U.S. policy framework will yield literally undetectable climate impacts by 2100.
But U.S. climate policies will never prove as perverse as those being promulgated by the European Union.
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