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A new study has found that a vast majority of climate policies enacted since 1998 across 41 countries have been utterly ineffective. //
The study, published in the Journal of Science, evaluated about 1,500 climate policies implemented between 1998 and 2022 by 41 OECD countries (The Organization for Economic Co-operation and Development). The study found only 63 policies (about 4 percent) that, combined, had successfully “reduced total emissions between 0.6 and 1.8 Gt CO2.” Due to the low success rate, researchers estimate the CO2 emissions from the 41 nations they studied will exceed the Paris Climate Agreement target by 23 billion metric tons by 2030.
More importantly, the study found that two popular tools most governments’ climate policies rely on — subsidies and regulations — rarely reduce emissions. Researchers found some form of carbon tax approach was more effective at reducing emissions. //
Following the 2021 Infrastructure Investment and Jobs Act (IIJA) that pledged over $110 billion in climate and energy funding, the administration introduced its Green New Deal with a grossly misleading label, the Inflation Reduction Act (IRA), in 2022, with Vice President Kamala Harris casting the deciding vote in the Senate. The IRA purported to allocate $369 billion for climate change and energy over the next decade. However, the latest Congressional Budget Office’s projection of the IRA’s climate tax credit through year 2033 has already jumped to a staggering $428 billion, a rapid 16 percent increase than the IRA originally planned. //
The Harris-Walz campaign, as pointed out by The Wall Street Journal editorial board, has shamefully used the word “freedom” to “disguise that Democratic policies seek to restrict liberty across American society.” Voters who want to be free from the government’s wasteful spending and infringement on individual rights should not fall for the Democrat’s and Harris’ deception in the upcoming election.