On his first day in office, President Biden rejoined the Paris climate accords. American farmers and unsuspecting consumers will soon pay the hefty price of that decision, which saddles U.S. industry, agriculture and transportation with stringent emissions reduction requirements aimed at achieving unobtainable “net zero” goals.

The president doubled down by pursuing climate controls, trying to accomplish President Barack Obama’s failed Green New Deal, with executive orders targeting future domestic oil and natural gas supplies, which will make chemical feedstocks more expensive to produce and purchase, and the Securities Exchange Commission proposing environmental, social and governance reports to track carbon emissions from farm to fork.

Europe has experimented with these heavy-handed policies for decades, and we know how the story ends.

The devastating consequences are neither secret nor up for debate. The European Union pledged to reduce carbon-based emissions 55% below 1990 levels by 2030, which has required cap-and-trade schemes with fewer tradable credits each year, convoluted carbon border adjustment mechanisms, closing natural gas fields, curbing nitrogen fertilizer use, and shuttering generational farms. To say the least, those policy choices have made energy, electricity, land, farming, shipping, maintenance and food more expensive across Europe — sometimes even intentionally so.