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Report Says Green Transition Crumbling—But Will Eurocrats Give Up Their Net Zero Fantasy

by Thomas O'Reilly
February 15, 2024, 1:09 PM
in News and Opinion
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protest wake upNational governments are in gradual retreat from their “hard promises” to wean their economies off fossil fuels, according to a new report.

Since the 2010s the failures of green technologies to become economically viable have prompted nations to dilute or postpone established environmental targets, says British journalist Ross Clark in “The Retreat from Net Zero,” commissioned by research group Net Zero Watch.

Noting that non-Western governments are moving away from decarbonization policies in order to protect their economies (and, one could guess, their positions in power), the report also highlights the importance of national interests being asserted in a geopolitical scene that is no longer unipolar.

Even the EU faces an agrarian backlash against its destructive ecological regulations.

Scathingly, Clark predicts more political fallout for advocates of the green transition:

They have expended so much political capital on this, and have created so many client jobs, quangos [semi-public administrative bodies receiving government funding], agencies etc involved in pushing for net zero, that none are going to be able to come forward in the near future and say we made a big error.

Alongside the many dubious investments in low-power infrastructure and pointless administration, the authorities worldwide are heavily invested in this political vision, and unlikely to want to admit having been wrong without a fight.

Clark’s report contrasts the misplaced enthusiasm of Western governments to the growing indifference of petrostates on green issues, as seen at the recent COP summit.

The Green Revolution’s underperformance is shown throughout his multiple case studies. Hydrogen production needs fossil fuels—meaning it fails to cut emissions.

Boris Johnson promised to make the UK into “the Saudi Arabia of wind,” but this turned out to be hot air.

Typical of the dysfunctionality of the new green economy is electric car sales, which plateaued after an “initial rush of enthusiasm from early adopters” and a reduction in subsidies.

UK sales of new EVs dropped 17% in 2022, despite a 9.5% rise in car sales generally, a parallel trend across the EU. Meanwhile, heat pumps and solar panels both face cost barriers despite heavy public subsidies.

While the green transition led governments and investment firms to promise employment and financial rewards, the reality is that the model is fundamentally unrealistic.

External factors—such as the risk of supply chain disruption in the Red Sea or tariff wars involving the United States, EU, and China—can’t excuse the catastrophic human and economic impact of moving to a green economy.

According to Clark,

[Last week’s] farmers’ protests in Europe have set the tone. Governments have fooled themselves into thinking there is massive popular support for net zero, on the basis that opinion polls show general support.

But when it comes down to the real effects on people’s lives and wealth, support rapidly drains away—indeed we get mass anger.

The report concludes that 2024 marks a challenging year for the green transition as the “cost implications of a net zero strategy on ordinary households are becoming clearer,” with the recent spike in energy prices compounded by Russia’s invasion of Ukraine rapidly undermining Germany’s political and economic stability.

Clark’s observations are vindicated by the news that Europe’s entire solar panel industry faces obliteration due to high costs and competition from China, as Brussels’ carbon tariffs threaten to tear apart the WTO trading order in a dispute with the Global South.

While the many failings of the green transition as articulated by the report are becoming clearer by the day, it is still uncertain whether Western elites are willing to give up on their policies.

h/t Runar O.

Top photo by Nico Roicke on Unsplash

Read more at The European Conservative

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Comments 2

  1. Liardet Guy says:
    1 year ago

    I have been bombarding my UK Tory MP Mrs Flick Drummond with emails pointing out the illogical nature of their energy policy but she still thinks COP28 was a huge success. Perhaps the problem is a lack of foreign travel. One has to go to Indonesia or China or India to get a flavor of what is going on in the real world. It is magnificent but still leaves a lot of people living by ‘traditional biomass’ ie wood and dung which produces three times the global energy than wind and solar. Go figure.

  2. Ariane says:
    1 year ago

    If only we all knew how ignorant and brainwashed we have been. After 280 ppm carbon dioxide cannot absorb any more infrared radiation (having reached its ‘saturation point’) and we are now at 417 ppm so our emissions have had no effect on atmospheric temperatures – as one of the original IPCC Lead Authors Dr.Stephen Schneider knew full well as he researched the issue in the 1970s coming to the conclusion that we had more to fear from aerosols cooling than CO2 warming. https://www.brugesgroup.com/blog/more-carbon-dioxide-cannot-absorb-more-infrared-radiation

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