Wall Street Journal hypes Biden’s climate alarmist absurd emissions reductions propaganda schemes

Guest essay by Larry Hamlin

The Wall Street Journal has published yet another article doubling down on its misrepresentations made in a prior article where it implied it would be easy for the U.S. to achieve Biden’s 50% reduction in emissions by year 2030 because of the huge decline in U.S. emissions achieved in the pandemic economic downturn year 2020.

In a recent WUWT article this prior Wall Street Journal  articles hugely misleading observations about Biden’s expected plan to push a 50% reduction is U.S. emissions by year 2030 were addressed as follows:

“Biden administration officials have said they plan to unveil a new U.S. target for emissions reductions during a global climate-change summit in Washington next month. It will set a goal for reducing U.S. emissions over the next nine years.”

“In private meetings in recent weeks, according to people involved in the discussions, outside environmental groups and climate data analysts have encouraged the White House to nearly double the emissions reduction target that then-President Barack Obama set in 2014. At the time, Mr. Obama promised to slash U.S. emissions 26% to 28% below 2005 levels by 2025.”

“The groups have presented modeling to the White House making the case that a target in the range of 50% below 2005 levels by 2030 is achievable, the people said, if it accounts for actions already being taken by cities, states, businesses and local governments. Last year, total U.S. emissions were about 21% lower than in 2005 in part because of the pause in economic activity driven by the pandemic.”

That WUWT article pointed out the distortion and deception in the WSJ article which implied that it was no big deal to achieve this 50% emission reduction scheme as follows:     

“The WSJ article grossly understates the huge economic damage that the Covid 19 pandemic played in reducing estimated year 2020 U.S. CO2 emissions from year 2019 levels.

The reality is that between 2005 and 2019 the U.S. GHG reduction level was about 12.5% with that reduction level increasing hugely to 21.5% for the period between 2005 and 2020 when the reductions from pandemic year 2020 are included. 

Thus 42% of the 21.5% reduction that occurred between 2005 and 2020 occurred in the pandemic year 2020. This is inappropriately characterized in the WSJ article as the emission reduction between 2005 and 2020 as being 21.5% which was due “in part” to the pandemic.

The average emission reduction of U.S. GHG emissions between 2005 and 2019 was under just 1% per year. The reduction in GHG emissions in the pandemic year of 2020 was over ten times greater (10.3%) than the average in the prior 14-year interval.”

The latest WSJ article makes the same idiotic misguided and misleading comments about the U.S. 21.5% emissions reduction between 2005 and 2020 but further escalates its absurd pronouncements by noting that Biden is calling for “rich nations to shoulder more responsibility” for reducing emissions.

Additionally, the WSJ article once again conceals the fact that over 70% of the emissions reduction in year 2020 occurred in the Transportation, Industrial and Buildings economic sectors all of which will have to increase activity to bring the country back to pre-pandemic economic levels.   

Biden’s reduction scheme would about double the proposal by Obama that called for the U.S. to reduce emissions by 26 to 28% by 2025 from 2005. The latest WSJ article highlights the worthless “commitment” by China to reach net zero carbon-dioxide emissions by year 2060 as if that is supposed to have any real-world credibility.

The WSJ article avoids any discussion of actual global emissions data that of course would make the articles happy talk about “shouldering more responsibility” look absolutely stupid. 

Let’s look at China and the U.S. with emissions since year 2005 to 2019 where during this period China has increased emissions by 4.4 billion metric tons and the U.S. has reduced emissions by 850 million metrics tons. 

U.S. energy-related CO2 emissions from coal declined by more than 50% from 2007 to 2019, a cumulative amount of more than a billion metric tons. In 2019 U.S. emissions are nearly 5 billion metrics tons less than China’s emissions of 10.17 billion metric tons. 

How have U.S. emissions reductions done compared to Europe from 2005 to 2019? Let’s look.

 U.S. emissions have fallen below Europe which is hyped by the press as leading the world in emissions reduction efforts. U.S. emissions reductions were predominantly driven (62%) by fuel substitution from coal to natural gas.

How have U.S. emissions done compared to Asia?

Asia has increased emissions by nearly 8 billion metric tons.

Let’s look at the U.S. and Europe emissions compared to what the rest of the World is doing in the 2005-2019 time-window.

The U.S. and Europe have reduced emissions by about 1.8 billion metric tons while the rest of the world has increased emissions by over 7 billion metric tons.

The people of the U.S. are being sold down the river by clueless Democrat climate alarmists who want trillions in costs to be spent on further U.S. emissions reductions so the rest of the world can continue to increase emissions as they have been doing for decades as shown below.

The Wall Street Journal has apparently gone off the deep end and become just another irrational climate alarmist proponent. 

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dk_
April 23, 2021 6:22 pm

I think that you will find that Michael Bloomberg has invested and is prepared to invest more into wind, solar, Infinium electrofuel, carbon capture, electric cars, and other scams. All he needs is government “investment” in the form of subsidies.

n.n
Reply to  dk_
April 23, 2021 7:13 pm

Yes, simulated production and subsidized missing links is the “big bang” theory of economic chaos (“evolution”).

Dennis
Reply to  dk_
April 23, 2021 8:19 pm

Government paid taxpayer funded subsidies without which, according to billionaire businessman and investor Warren Buffett, there would be no investment in wind and solar businesses.

iflyjetzzz
Reply to  dk_
April 23, 2021 10:40 pm

It’s all about the money. Tax carbon and have .gov spend the money on projects that are basically digging holes and refilling them. Wall Street will take their cut of those taxes to support this lunacy.

ronk
Reply to  dk_
April 24, 2021 2:25 am

Now you know why big industies backed Biden, they plan on cashing on the trillions the goverment is going to do to reduce the temp by what 1 C. How much of that money will be used to actually fight ‘climate emergency’. I doubt very much. lets see how it goes if you remove al the tax benefit from wind, solar, and electric cars.

posa
Reply to  ronk
April 24, 2021 3:42 pm

In Germany subsidies are being phased out, and with that, wind power is disintegrating. As early generations of Wind Power are retired, there’s son going to be a NET reduction in wind capacity.

That’s how it ends folks. Meanwhile, German industry has lost its competitive edge as the country has become a classic HIGH COST producer. This is only the beginning of the end, since the Green Party fanatics are about to assume power in Deutschland.

Gums
Reply to  dk_
April 24, 2021 8:09 am

Salute!
and how many tenths of a degree change can we see or even expect from the great U.S. reductions?

Gums asks…

Chris Hanley
April 23, 2021 6:32 pm
Scissor
Reply to  Chris Hanley
April 23, 2021 6:39 pm

Not sure it’s a good idea to let that be known.

Reply to  Chris Hanley
April 23, 2021 7:52 pm

The other issue is that an emission reduction contract among 40 countries is not global and it has to be global. Pls see

https://tambonthongchai.com/2021/04/23/biden-climate-summit/

H. D. Hoese
Reply to  Chris Hanley
April 24, 2021 12:51 pm

Who needs homework? 2011 was relatively minor in Texas, last severely serious one was in 1989. This one was also predicted to be serious.
https://rogerpielkejr.substack.com/p/the-texas-blackout-and-preparing
“I was curious as to how ERCOT (Electric Reliability Council of Texas) actually defined such a worst case scenario. It turns out that this scenario is based on using an extreme cold period of 2011 as an analogy..”

http://www.ercot.com/news/releases/show/216844
“ The winter SARA includes a 57,699 MW winter peak demand forecast, which is based on normal weather conditions during peak periods, from 2004 through 2018…. The winter SARA includes a unit outage forecast of 8,616 MW during the winter months, which is based on historical winter outage data compiled since 2017.”

On the Texas coast where I live near numerous springing up turbines, the wind dies when hot in summer and cold in winter. It died. They fired the ERCOT members, it was reported that none lived in Texas, HMMM?

observa
April 23, 2021 6:33 pm

Same in Oz as all the lefty media like Aunty and Crikey etc have been banging away at PM Scott Morrison for refusing to commit to their fantasy of zero plant food by whenever-
Global reset on climate action leaves Scott Morrison looking like yesterday’s man (msn.com)

Dennis
Reply to  observa
April 23, 2021 8:26 pm

And never acknowledge that ever since Australia signed the Kyoto Japan Agreement to lower “greenhouse gas” emissions late 1900s Australia is one of a very small number of nations that achieved and exceeded the emissions targets set by the Kyoto Agreement.

The corrupt UN Officials have tried to stop Australia from claiming the credits earned and from applying them to Paris France Agreement emissions targets, despite that argument and without credits Australia is meeting the target again, and again is one of a few signatory nations meeting obligations.

Yet on the scale of global emissions Australia’s emissions are tiny. China increases their emissions every year by more than Australia’s total annual emissions, one example.

But intelligent educated people can see through the climate based hoax and warming trend fiction. And as for CO2, essential for life on Earth, for the US foolish spokesman to claim that Carbon Dioxide must be removed from the atmosphere again reveals the political BS behind the CO2 scam.

Derg
Reply to  Dennis
April 24, 2021 2:30 am

I encourage Australians to produce more CO2 not less. The correlation is clear that life is better with more C02.

Gordon A. Dressler
April 23, 2021 6:36 pm

The Wall Street Journal has apparently gone off the deep end and become just another irrational climate alarmist proponent.”

Exactly . . . and with the Web and numerous stock market tracking apps available for free, one can only wonder how that rag manages to stay in business.

Their position on “climate change” is just one more reason for people to bail on them.

Richard Thornton
Reply to  Gordon A. Dressler
April 23, 2021 7:52 pm

Sorry Gordon, but it is irresponsible to call one of our finest periodicals a rag. All of our institutions are under assault from within and we need to support and revive and work with those that show the most ability and promise. Mindless lashing out is not assisting in any positive manner. Others on this web site use “california” as some sort of short hand for left wing waste lands and I find the narrative about it’s demise to be tiresome. Of course the pain in rent control and various other laws enactded is felt and whatever, but we need to remain vigilant and fight rather than just resort to off the cuff throwaway lines. Tired of those.

The Dark Lord
Reply to  Richard Thornton
April 24, 2021 12:57 am

silly person, it was only ever a “finest periodical” because of the people who wrote for them … the people have gone to hell so it is no longer worthy of that label … what is irresponsible is to keep thinking a corrupted institution i.e. The Journal, still deserves the respect it previously earned … you aren’t vigilant or fighting anything

Climate believer
Reply to  Richard Thornton
April 24, 2021 1:29 am

Facts don’t care about your feelings, California has become a “left wing waste land”.

From a recent LA times article:
The California dream has been fading for a long time, and people have been voting with their feet. In the last few years, the exodus has accelerated, with tens of thousands more people leaving than moving in.

National review article:
what caused and continues to cause the exodus out of California is not tax burden, or regulation, or cost of living, or housing prices. Rather, it is the tax burden, and regulation, and cost of living, and housing prices, and more.

In recent weeks, a string of high-profile business leaders have announced they are leaving California for states with lower taxes and fewer regulations — including Tesla CEO Elon Musk.

In the state of California a whopping 8% of the population has a substance use disorder, which equals out to roughly 2.7 million people.

As of January 2019, 27% of people experiencing homelessness in the entire United States are in California. Homelessness in California increased by more than 22% over the last decade. Between 2018 and 2019, homelessness in California increased by over 16%.

So tiresome eh Dick…

ronk
Reply to  Climate believer
April 24, 2021 2:33 am

how long before the states they go to will be clones of California, if you want examples look at Oregon, Washington state they have the first refuges from California in the 80’s look at what they have become

Joseph Zorzin
Reply to  Richard Thornton
April 24, 2021 4:04 am

Kalifornia will ban fracking: https://www.msn.com/en-us/news/technology/california-to-ban-new-fracking-from-2024/ar-BB1fZrXK

But once they do that- the state shouldn’t be allowed to import ANY fossil fuel from anywhere.

As for that state being “some sort of short hand for left wing waste lands”- it’s in a neck and neck competition with my state of Massachusetts. By 2050, Mass. will be one huge solar and wind “farm” and bankrupt.

bigoilbob
Reply to  Joseph Zorzin
April 24, 2021 5:12 am

Kalifornia will ban fracking:”

A waste of electrons to discuss this. There’s nothing to economically frac there.

Joseph Zorzin
Reply to  bigoilbob
April 24, 2021 5:35 am

But it’s feel good politics. Shows how loyal they are to the new religion.

bigoilbob
Reply to  Joseph Zorzin
April 24, 2021 5:41 am

We are 180 out on the “new religion”, but I’m with you on the uselessness of these “bans”. Delaware did the same thing…

Nicholas Harding
Reply to  bigoilbob
April 24, 2021 7:08 pm

But it may be that Kalifornia will ban oil and gas products that were produced by fracking. If they can ban the interstate shipment of goose livers that were force fed (but not livers from geese that were not force feed), seems to me that they should and could ban all oil and gas products that were produced by fracking.

bigoilbob
Reply to  Nicholas Harding
April 25, 2021 5:44 am

But it may be that Kalifornia will ban oil and gas products that were produced by fracking.”

Do you really want to posit on this “maybe”? If so, then not too thoughtful. Oil and gas are fungible and practically of unidentifiable provenance. Aks any one of us who has had oil stolen from our stock tanks in Oklahoma or Texas.

AGAIN, it’s political, but if there ever WERE economically fraccable reservoirs found, then it wouldn’t be. OTOH, banning oil and gas imports from frac’d completions is impossible, and always will be.

Gordon A. Dressler
Reply to  Richard Thornton
April 24, 2021 7:51 am

Richard Thornton posted “. . . we need to support and revive and work with those that show the most ability and promise.”

Easily said, less easily done. Let’s start with your explanation of just who, exactly, is to be the judge of showing “the most ability and promise.”

I too get tired . . . tired of asking such obvious questions.

Robber
April 23, 2021 6:38 pm

How soon will it be before we are all banned from “non-essential” travel in the name of “saving the planet”? Bikes to be used for local shopping, double the number of people per household for energy efficiency, holiday in your local park.

Spetzer86
Reply to  Robber
April 23, 2021 6:53 pm

It’s certainly heading that direction. You either just can’t travel, your EV won’t make the distance, or there’ll be a disease.

Scissor
Reply to  Spetzer86
April 23, 2021 8:04 pm

Joseph Zorzin
Reply to  Scissor
April 24, 2021 4:07 am

Amazing how polite the Nazi was when he said, “your papers, please”. I think they had a rule to be polite before shooting someone.

Peta of Newark
Reply to  Robber
April 24, 2021 1:47 am

How soon will we be banned….

Quote:”Homes will need to be much better insulated, and people will be encouraged to drive less and walk and cycle more. Aviation is likely to become more expensive for frequent fliers”
Soon

And if they don’t obey, the Behavioural Insights Team (BIT) will come along and broadcast, via the Grauniad & BBC, frightening & scary messages of Doom & Gloom

Yet they use the word ‘encouraged’
That is One Very Sick Joke

There being almost Diddly Squat, Nil, Zilch, Nada and Sweet FA ## that any one individual can do in the face of this tsunami of Government-generated terror-inducing propaganda, each individual will do what they can to survive.

And in doing so, Average Folks will quite perfectly destroy not only their own financial, physical & mental health but also that of their children.
nice. not.
We all know the score:- Obesity, alcoholism, cannabis induced paranoia, rotten teeth, reckless gambling, dementia, autism, anxiety & depression etc etc.

## Apart from pick holes in the efforts of others, signal your own virtue and thereby magnify the work of the BIT

Good little example:
Exactly 100 years ago there was, still is but nobody in authority seems or wants to know about it, a totally effective treatment to stop and reverse the grotesque progress of Type 2 diabetes. You rot from the inside out.

A remedy was known and successfully used for what is now a de4th sentence – and at $1,000+ per month for Insulin injections, a very expensive and horrible way to end your days.

Take that away and think it over. What is going on here, what is at the bottom of it?

Last edited 3 months ago by Peta of Newark
MarkH
Reply to  Robber
April 24, 2021 2:58 am

“You’ll own nothing and you’ll be happy”

It’s not a promise, it’s a threat.

Scissor
April 23, 2021 6:39 pm

More vaccines, many more.

Tom in Florida
April 23, 2021 7:10 pm

““The groups have presented modeling to the White House..”

Yup, it’s models all the way down.

Steve Richards
Reply to  Tom in Florida
April 23, 2021 11:41 pm

Joe, leave those models alone!

Yes dear.

markl
April 23, 2021 7:41 pm

I keep saying this……… virtue signaling is free and everyone wants something that’s free.

Joel O'Bryan
Reply to  markl
April 23, 2021 9:00 pm

Virtue signaling by my reckoning is frequently not free, such as some affluent guy buying a Tesla Model X/S to impress his neighbors with how much money he has to throw away. Then there’s politicians exercising climate virtue signaling with OPM, i.e. the tax payers’ money.

Bill Gates has been climate virtue signaling with recent book, probably written mostly by Ghost writers he paid for, which of course a few million to Gates is like lunch money to you and me.

Last edited 3 months ago by joelobryan
April 23, 2021 7:49 pm

As said before, these aspirations will founder on reality after much wasted expense, and eventually will sink the good Ship GND.

Joel O'Bryan
April 23, 2021 8:01 pm

The two named “journalists” are really just letting activist opinion bleed all over their fake news reporting.

  • Andrew Restuccia covers the White House for The Wall Street Journal. He previously worked for Politico, where he wrote about the White House, national politics and policy. He is a Massachusetts native and a graduate of Syracuse University, BA in journalism and religion.
  • Timothy Puko. BA Journalism NorthWestern U. MS-Journalism, Columbia University.

Timothy has the cred Columbia University where one goes to get their Marxist bona fides ticket punched. And Andrew has the religion background angle covered for reporting on the Church of Climate Cahnge.

Propaganda masquerading as news reporting, pure and simple

Graham
Reply to  Joel O'Bryan
April 24, 2021 1:59 am

Timothy Puko B A in journalism what does BA stand for ? answer Bu&&er All

Joseph Zorzin
Reply to  Graham
April 24, 2021 4:13 am

Bill McKibben and Ale Gore- both have a BA in English from Hah-vid. That makes them qualified to preach the new faith.

Joseph Zorzin
Reply to  Joel O'Bryan
April 24, 2021 4:11 am

“He is a Massachusetts native and a graduate of Syracuse University, BA in journalism and religion.”

Perfect, being from Mass. he’s utterly unaware of AGW skepticism- it’s unknown here except for maybe a half dozen people- and with a degree in religion he’s all set to preach the new faith.

Last edited 3 months ago by Joseph Zorzin
Tombstone Gabby
Reply to  Joel O'Bryan
April 24, 2021 7:26 pm

G’day Joel,

“Propaganda masquerading as news reporting, pure and simple.”

Spot on!

“The First Casualty”, From the Crimea to Vietnam: The War Correspondent as Hero, Propagandist, and Myth Maker. By Phillip Knightly, copyright 1975.

Chapter Nine. “Commitment In Spain 1936-1939. Starts with a quote from “Looking Back on the Spanish War” by George Orwell:

“Early in life I had noticed that no event is ever correctly reported in a newspaper, but in Spain, for the first time, I saw newspaper reports which did not bear any relation to the facts, not even the relationship which is implied in an ordinary lie.”

gringojay
April 23, 2021 8:25 pm

Opinions are like what everybody has one of.

67DA4E70-A8D5-45D9-8560-377F5B698251.jpeg
Ariadaeus
Reply to  gringojay
April 23, 2021 11:39 pm

‘High school dropout with mental health problems’ would be more accurate.

bigoilbob
Reply to  Ariadaeus
April 24, 2021 5:16 am

‘High school dropout with mental health problems’ would be more accurate.”

She’s spectral, and is combatting AGW is part of her therapy. I’m glad it’s helping her.

She’s not the click bait for me that she is for the deniersphere, which loves to straw person her.

Pat from kerbob
Reply to  bigoilbob
April 24, 2021 8:53 am

Bob, she is an abused child. And one day she is going to wake up and realize who it was that stole her childhood. That day, her parents and handlers should likely hide all of the sharp items in the house

Cam_S
Reply to  gringojay
April 24, 2021 8:36 am

I would like to add Canada’s Prime Minister, Justin Trudeau… formerly a snow board instructor, and high school drama coach.

Pat from kerbob
Reply to  Cam_S
April 24, 2021 8:54 am

And those professions stretched his intellectual capabilities past the limit

Dennis
April 23, 2021 8:29 pm

Meanwhile, while foolish politicians take the bait and ignore science the leftists pursue political objectives to destroy free market capitalism and to rule the world behind the smokescreens and mirrors spin that is natural climate based hoax and warming trend deception.

I cannot believe that people are so gullible.

Derg
Reply to  Dennis
April 24, 2021 2:36 am

Power is an aphrodisiac.

Joseph Zorzin
Reply to  Dennis
April 24, 2021 4:14 am

Here in Massachusetts, I notice that those most fanatic about the climate “emergency” and the evils of capitalism never worked a day in the private sector.

John F Hultquist
April 23, 2021 8:36 pm

These articles in the WSJ are political reporting. They are not the positions of the editorial writers of the organization. Read what the opinion writers think – –
G. Baker, J. Freeman, D. Henninger, H. Jenkins, and others.
The Journal often prints articles by those supporting way out progressive (Democratic) positions. I would not know of these ideas otherwise.

tetris
Reply to  John F Hultquist
April 23, 2021 9:03 pm

Spot on.

The Dark Lord
Reply to  John F Hultquist
April 24, 2021 1:05 am

you would not know of these ideas otherwise ???? you are here on WUWT and you claim that the WSJ is your source for the crazy warmist ideas … ??? I call BS …

you do realize that Opinion writers DON’T represent the newspaper … its their opinion … the newspaper picks these warmist stories for a reason and you won’t find any links to WUWT in any journal stories … you actually won’t find any news stories in the Journal that counter the warmist nonsense …

bigoilbob
Reply to  John F Hultquist
April 24, 2021 5:17 am

Forbes does the same thing, backwards….

Komeradecube
April 23, 2021 8:59 pm

I cancelled my subscription to the WSJ two years ago when it became painfully obvious that this once mighty bastion of rational reporting had fallen to the mass idiocy that is consuming the world.

Chris Hanley
April 23, 2021 9:22 pm

No industrialized country has tried harder since 2011 to reduce CO2 emissions than Germany for little result (excluding lock-down year).
comment image
This article asks the question: has the policy Energiewende begun in 2011 been a failure and predictably the answer is no.
I like this bit of exquisite sophistry: even though electricity is three times the cost than in US, German households pay no more for electricity than US households because they use only one third of what US households use.

Last edited 3 months ago by Chris Hanley
The Dark Lord
Reply to  Chris Hanley
April 24, 2021 1:12 am

well of course if you raise the price of something people use less of it … and I’d bet the cost of electricity in Germany is still a higher percentage of income than it is in the US

griff
Reply to  Chris Hanley
April 24, 2021 7:55 am

But German households DO use less electricity than US ones. Plus one heck of a lot of them have solar panels or shares of a wind farm. And the price of German electricity includes tax (tax unrelated to renewables – a strange choice but one the Germans have made).

you also have to take into account they switched off nearly half their nukes overnight after Fukushima (again, a strange choice, but it has impacted their CO2 programme)

Pat from kerbob
Reply to  Chris Hanley
April 24, 2021 8:50 am

That chart does not show how much of their emissions have been exported by importing power when the wind drops

Other slacker countries get tagged with those emissions

Jeremiah Puckett
April 23, 2021 9:34 pm

Is the US considered a “rich” nation when we’re in debt $30T? And that’s just the national government. Add state, city, and county government debts are we’re likely closer to $200T in debt. And we aren’t even speaking of unfunded liabilities yet.

I don’t know about you, but if I had $100k in assets and $1M in debts, I don’t think I’d consider myself rich.

Derg
Reply to  Jeremiah Puckett
April 24, 2021 2:39 am

Fiat money is interesting. If you want more then create it…it really is that easy.

Joseph Zorzin
Reply to  Derg
April 24, 2021 4:18 am

It only works if you’re the most powerful nation on the planet and your money is the world currency- which is why China wants to cripple America and make the yen the new world currency. America can’t remain powerful spending trillions on undependable energy.

Last edited 3 months ago by Joseph Zorzin
Nicholas Harding
Reply to  Joseph Zorzin
April 24, 2021 7:26 pm

Yuan, not Yen….Japan failed to get the Yen as the world reserve currency. Dad always liked the Swiss Franc.

Mike Dubrasich
April 23, 2021 11:11 pm

Yum yum, that’s some good kool-aid. It might get one degree warmer, on average, globally, so let’s all go insane!

Wall Street is always happy to suck the National Treasury dry. So what if the money goes down a rat hole? It’s their rat hole.

And Joe Dementia is their President. The One-Percenters wanted Traitor Joe. He’s their kind of puppet. Let’s all bow down to China. That’s where the real money is. It’s a no-brainer.

Petit_Barde
April 23, 2021 11:31 pm

This tragic clown show will anyway end in a planetary human disaster.

Like any hype based on propaganda, false assumptions and frauds, like any financial bubble, this irrational craze to reduce our CO2 emissions, to invest in products and services that have no use and only exist thanks to massive subsidies will end sooner or later.

And taking into account the sums involved, it will cause a gigantic crash, a collapse of our own civilization.

The only question is “when ?“.

In the meantime, most investors and other economic, media and political actors say to themselves that “the trend if your friend”.
Their main question must probably be knowing when to turn their heads.

As far as I know, the sooner the better for us all.

TonyG
Reply to  Petit_Barde
April 24, 2021 2:13 pm

If nothing else. get it over with while there are still some people around with the knowledge and skills to rebuild on the other side.

Nicholas Harding
Reply to  Petit_Barde
April 24, 2021 7:34 pm

Am surprised that no technologist has exploited this insanity by coming up with a carbon capture technology to put on power plants, building boilers, industrial emitters. There is a fortune to be made that would put Musk to shame; there is a Noble in this; damn! I wish that I had studied organic chemistry. Damn sure that one of my grandchildren should! After all, everyone cheers algore.

Vincent Causey
April 24, 2021 12:11 am

The good news is that, once the US and Europe are no longer the “rich countries”, having been reduced to poverty, they can claim exemption as “poor countries.”

Eric Vieira
April 24, 2021 12:32 am

That WSJ also goes along this path is not particularly unexpected. About 90+% of journalists support a far left green agenda. And similarly to politicians, they don’t get “bogged down” by trivial technical issues such as plain physics (which they don’t even want to understand). They all think: “when there’s a will, there’s a way”. Scientists and engineers are paid to have good ideas, and that one only needs to tell them: do it, or else!

Joseph Zorzin
Reply to  Eric Vieira
April 24, 2021 4:20 am

“About 90+% of journalists support a far left green agenda.” That’s what happens to people who never get a real job in the private sector.

fretslider
April 24, 2021 1:12 am

WSJ is NDM

Narrative Driven Media

Speed
April 24, 2021 3:39 am

The linked WSJ article is a news piece, not an opinion piece. It reports what was said and done not what anybody should do and expresses no WSJ opinion or view on any plan.

Rod
Reply to  Speed
April 24, 2021 7:40 am

Sure, it’s billed as news, but in many regards its news reporting is as left-wing as the New York Times and the Wash Post. Where a left-wing agenda is present, the “news” articles will nearly always present the best face of an agenda item while ignoring inconvenient facts.

And when it came to Biden vs. Trump, the news pages were all-in for Biden, even to the point of ignoring the Hunter Biden bombshell. Put simply, you’re only getting one side of the story and it’s consistently the progressive, woke, side in the WSJ’s news pages.

The editorial pages are an entirely different matter, although it did take quite a while for them to warm to President Trump, and that was only in regard to his policies, not his demeanor.

rovingbroker
Reply to  Rod
April 24, 2021 8:56 am

Rod wrote, “ … in many regards its news reporting is as left-wing as the New York Times and the Wash Post.” and “Put simply, you’re only getting one side of the story and it’s consistently the progressive, woke, side in the WSJ’s news pages.”

Your statement would be interesting if you provided some examples. Otherwise it’s just your opinion and, based on my daily reading of the WSJ, it doesn’t come from you actually reading the WSJ.


2hotel9
April 24, 2021 5:04 am

And neither the owners of WSJ nor any of it’s employees are willing to live without petroleum products or coal produced electricity. Funny how that is.

mike macray
April 24, 2021 5:25 am

…“Biden administration officials have said they plan to unveil a new U.S. target for emissions reductions during a global climate-change summit…”

OK, I get it, the yet unveiled plan. “..From each according to his ability..etc.” that’s a third of a billion of us here in US.
At 2 lbs. of CO2 pppd. (per person per day) captured and safely sequestered adds up to 243 billion lbs p/a according to my sliderule.
Its the face mask!
Restricting oxygen consumption while capturing exhaled CO2 seamlessly converts this miracle device that saved us from Covid19 to saving the Planet from Climate Catastrophy….then mandate the mask on Animal Farm(s) an Orwellian solution by Jove!
Cheers
Mike
 

ResourceGuy
April 24, 2021 7:06 am

All of WS is under siege–not just the WSJ.

Carlo, Monte
April 24, 2021 7:15 am

During the on-line “climate summit”, Dementia Zhou goes off into the weeds, rambling about his wife in front of scores of other countries’ leaders:

https://www.thegatewaypundit.com/2021/04/let-wife-come-home-joe-biden-super-awkward-exchange-navajo-nation-climate-summit-video/

Tom Abbott
Reply to  Carlo, Monte
April 24, 2021 8:57 am

Biden was the only national leader to wear a mask at the virtual summit. Can it get any more ridiculous? Biden has been vaccinated and yet he still wears two masks even when noone is near him.

In my local newspaper a couple of days ago, they ran an article about various students in the area, and showed pictures of them and every kid was wearing a mask for the picture. This wasn’t a group picture, it was a single individual, yet the moron taking the pictures had them wear their mask and their faces could not be seen. Ridiculous! Why even have a picture in the paper if you are unrecognizable due to wearing a mask?

Some people do some really dumb things sometimes.

Carlo, Monte
Reply to  Tom Abbott
April 24, 2021 9:05 am

Indeed not.

Some have speculated they keep a mask on Biden as much as possible so they can dub in rational words when he goes off-prompter. Probably farcical, but an indication of how bad it is getting.

Tom Abbott
Reply to  Carlo, Monte
April 25, 2021 7:19 am

It’s almost like Biden is hidin’

Carlo, Monte
Reply to  Tom Abbott
April 25, 2021 7:43 am

Time for the lid and basement.

Joseph Zorzin
April 24, 2021 8:16 am

Most of you know about the WSJ item by Steve Koonin, a warmist who sees no emergency. He was just interviewed by Alex Epstein: https://www.youtube.com/watch?v=f15DWccid4I

The following is the description under the title of this video.
***************************
On this week’s Power Hour, Alex Epstein interviews Steve Koonin, a highly accomplished physicist and author of the new bestselling book “Unsettled: What Climate Science Tells Us, What It Doesn’t and Why It Matters” In 2014, Koonin, who had worked in the Obama administration, began to question climate catastrophism when he led a panel of physicists assessing the current state of climate science. In his new book he summarizes what he regards as the actual state of climate science–which does not support claims of climate catastrophe at all. In this interview, Koonin discusses: – His conclusion that “Humans exert a growing, but physically small, warming influence on the climate.” – Why “The net economic impact of human-induced climate change will be minimal through at least the end of this century.” – Why “Government and UN press releases and summaries do not accurately reflect” scientific research reports. – How the US National Climate Assessment manipulated data to create an extreme heat pattern in the US that doesn’t exist. – Why “the working scientists are often embarrassed by the way the IPCC winds up describing the state of the science.” – Why “many of the senior climate scientists think that by the time now we’ve gotten to the sixth [IPCC] assessment report, it’s no longer the A team that is preparing the reports.” – How Koonin’s career has enabled him to do a deep dive both into climate science and into energy economics. – The private response Koonin has gotten from other scientists. – What Koonin thinks of Bill Gates’s book (“I think Bill wrote a pretty good energy book…but I think Bill’s discussion of the climate is wrong and I would relish the chance to point out to him at some point.”) – Why Koonin is eager to debate any climate scientists who disagree with him.

Olen
April 24, 2021 8:48 am

The US is to be the obedient and small pekingese puppy in the room while ignoring the fire breathing Chinese dragon. Wall Street Journal would have us in permanent pandemic mode to keep the dragon alive. The question is how much of the reduction was a result of job loss.

michel
April 24, 2021 10:37 am

Is it just me, or is the graph missing a left-hand scale? If so, do please consider including one.

ResourceGuy
April 24, 2021 10:55 am

Pay to play reporting is an integral part of official climate events. I still remember the depth and breadth of the paid news across all media leading up to the the signing of Paris Agreement. How much did that cost? It should have been labeled as such.

ATheoK
April 24, 2021 3:26 pm

Another Murdoch owned and Murdoch sons’ managed news vehicle falls further into the pit of doomed despair.

I dropped a thirty year old subscription back in 2015 when more an more articles were slanted irrationally.

Within a couple of years, WSJ confirmed the sense of my saving money instead of paying them for misinformation.

posa
April 24, 2021 3:37 pm

The entire Predator Class (“left” and “right”) are united around a New Dark Ages agenda to de-populate and de-industrialize the West. They may be crazy but they’re not stupid. The Pred-Class knows exactly what it’s doing.
One immediate spinoff of Biden’s Green Assault on the US economy is to turn the country into High-Cost producers, completely unable to compete on international markets.

China and her allies are naturally delighted to see their erstwhile rival self-euthanize what’s left of US productive capacity. The rest of the century will just be an afterthought.

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