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We were told climate change is an “existential” threat.
So governments everywhere pledged to go net-zero and stop increasing emissions.
It didn’t work.
Net-zero was pushed again and again.
President Biden pledged the USA would go net-zero by 2050.
Obama bragged about how, “700 cities in more than 50 countries have pledged to reach net-zero.”
For a while it seemed like that might happen. Some European countries claimed to get 60% of their power from renewables.
But then they faced soaring energy costs and blackouts.
“The power outages are the starkest illustration of bad electricity policy,” says energy expert Alex Epstein. “But you can avoid power outages with these bad policies. What you can’t avoid is scarcity and rationing and poverty.”
In the video above we break down those consequences, explain why net-zero fails, and cover the governments (and businesses) walking back their net-zero push.
