The Consequences of Anti-Growth Energy Policy

The Consequences of Anti-Growth Energy Policy

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Carbon Rationing Costly in CaliforniaBefore the Great Recession and when the phrase cap-and-trade was a fashionableslogan, California implemented a “model” law to lower greenhouse gas emissions.

Since then, much of the American public has learned to associate cap-and-trade withmore expensive energy. As detailed information and analysis became available during the national debate over the so-called Waxman-Markey Bill in Congress, Americans learned cap-and-trade meant restricting energy supplies and increasing costs, and the bill was rejected in the Democrat majority U.S. Senate. While emissions reductions are beneficial, reducing emissions by making the economy smaller is neither sophisticated nor sensible.

Energy Supply Shortages Stifling Economic Growth in IndiaWhether in times of economic stagnancy or booming growth, the ability to deliverenergy in volumes demanded at an affordable cost is the backbone of any moderneconomy. The Wall Street Journal recently reported on energy supply shortages in India and the effect it is having on limiting growth.

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