What would Americans gain from eliminating every ton of carbon dioxide emitted from the use of fossil fuels in the United States? The answer, even accepting unfounded assumptions that make the so-called benefit look as large as possible, is nothing.
The global campaign against carbon dioxide (CO2) rests on a promise that has never been audited. Governments around the world have instituted levies, cap-and-trade markets, fuel standards, and subsidies on the unexamined premise that national sacrifice – to the point of economic destruction – would avoid calamitous warming.
Washington signed on to the premise twice. The Obama administration delivered the Clean Power Plan and a Paris pledge to cut emissions more than 25% below 2005 levels. The Biden administration made a fiscal commitment that Congress put at $391 billion in the climate provisions of the 2022 Inflation Reduction Act. Add rules for tailpipes and power plant exhausts, appliance standards, and fuel mandates, and Americans are financing the largest reordering of an energy system in history.
You were told this would help the planet. Nobody said by how much.
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