Thursday, June 19, 2014

Think Twice Before Killing Coal

"When it comes to discussions about energy and climate change, we need a lot more numbers and a lot less hyperbole and wishful thinking," argues Robert Bryce at NRO.
The green Left continues to push the claim that the reason there’s been no major action to cut carbon dioxide emissions is that some evil cabal — quarterbacked by climate “denialists” who have a “hostility to science” — has been blocking change. (By the way, that’s exactly what New York Times columnist Paul Krugman claimed on June 9.)

The reality — as shown by the numbers — is far different. Coal, oil, and natural gas continue to supply about 87 percent of all global energy because those sources are able to provide the vast amounts of energy the world needs at prices consumers can afford. And for developing countries in particular, coal remains the fuel of choice because it is cheap and abundant, deposits are geographically widespread, and its price is not influenced by an OPEC-style cartel.

We can discuss the need for more action on climate change. But in doing so, we must also recognize that the U.S. has been leading the world in reducing its carbon dioxide emissions. Between 2005 and 2013, according to the BP numbers, U.S. carbon dioxide emissions fell by 8.7 percent. For comparison, emissions in Germany, which has spent about $100 billion on subsidies for renewables, have fallen by 4.6 percent. But the numbers in absolute terms are even starker. Since 2005, U.S. emissions have fallen by 563 million tons. That’s 17 times the reduction seen in Germany, where emissions have fallen by 40 million tons since 2005.

Meanwhile, since 2005, China’s emissions have grown by 71 percent, or about 3.9 billion tons, which is about six times the total reductions achieved in the U.S. and Germany. In the Middle East, emissions have jumped by about 600 million tons, an increase that effectively cancels out the combined reductions achieved in both the U.S. and Germany since 2005.

The punch line here is obvious: Numbers don’t lie. And when it comes to discussions about energy and climate change, we need a lot more numbers and a lot less hyperbole and wishful thinking.


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