• Privacy Policy
  • About Us
  • Contact Us
Climate Change Dispatch
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
Climate Change Dispatch
No Result
View All Result

The Great ‘Green Economy’ Is Failing As Costs Hammer Consumers, Businesses

by Francis Menton
August 02, 2024, 12:19 PM
in Energy, News and Opinion
Reading Time: 5 mins read
A A
2

offshore wind block island

As mentioned in my recent post from July 20, there are many data points gradually accumulating as to the lack of progress toward the so-called “green economy”. [emphasis, links added]

It has long been clear to people who think about it that the energy transition to “net zero” is a fantasy that will not occur. But the question remains of exactly how the mania will come to an end.

Will the net zero fantasies of the climate cultists proceed at full speed until they crash into a wall of physical reality (e.g., blackouts)?

Or instead, will these fantasies gradually retreat as governments respond to voter pressure over costs and convenience, and as investors pull back as it becomes clear that projects cannot succeed financially?

A July 30 piece from John Miltimore of the American Institute for Economic Research supports the second alternative. The title is “Why the ‘Green Economy’ Is Suddenly in Retreat—in EU, US, and on Wall Street.”

Meanwhile New York, at least for the moment, remains hell-bent on moving toward a full-on crash.

Miltimore’s piece collects data from multiple sources — notably the recent EU elections, EU regulatory changes, and actions of major U.S. investors.

The most significant item in the piece relates to the withdrawal of several of the largest U.S. fund managers from something called Climate Action 100+.

Climate Action 100+ describes itself as “an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take appropriate action on climate change to mitigate financial risk and to maximize the long-term value of assets.”

But it seems that in recent months some of the biggest investors have decided to change strategy.

JP Morgan Chase and State Street have “pulled all funds” from Climate Action 100+ commitments, while their even larger colleague BlackRock “reduced its holdings and scaled back its ties to the group.”

Miltimore cites a New York Times article from February quantifying the various withdrawals: “All told, the moves amount to a nearly $14 trillion exit from an organization meant to marshal Wall Street’s clout to expand the climate agenda.” Fourteen trillion dollars is a big number in anybody’s book.

On the European front, Miltimore cites the results of the EU parliamentary elections in June together with various regulatory roll-backs both before and after those elections.

He (fairly) describes the parliamentary election results as a “greenlash” against various Green parties, and particularly notes the disastrous result for the German Greens: “In Germany, the core country of the European green movement, support for the Greens plunged from 20.5 percent in 2019 to 12 percent.”

He then collects a list of various climate-related regulatory initiatives that have either stalled or gotten rescinded in the EU, including new restrictions on the use of pesticides; proposed bans on PFAS (per- and poly-fluoroalkyl substances); restrictions on new industrial emission, (which ended up getting relaxed on industries and tweaked to exclude cattle farms altogether); and a new deforestation law.

Meanwhile, efforts in various countries to ban combustion vehicles, restrict heating of swimming pools, and require electric heating of homes have led to serious popular pushback (if not yet to rescission of the regulations).

My comment is that much of Europe — particularly the UK and Germany — has already gone past the point where further significant emissions reductions can be achieved at a reasonable cost.

Further efforts to increase the percentage of “renewables” in electricity generation will lead to rapidly accelerating price increases. A reckoning can only be avoided by politicians backing off existing mandates.

New York remains well behind Europe in actually implementing the energy transition fantasy. Our Climate Leadership and Community Protection Act, mandating the transition, was enacted in 2019, with the first significant deadline (70% of electricity generation from “renewables”) set for 2030. In 2019, 2030 seemed so far away.

Now in 2024, we are at a point where to meet the deadline, most to all of the facilities needed to achieve the “70 by 30” target would have to be under construction, but almost none of them are.

My July 26 post featured a Report that I co-authored that warns New Yorkers not to convert to electric heat until the politicians show that they have a credible plan to provide the necessary electricity.

Even as my co-authors and I were writing that Report, our Public Service Commission was putting together its own Report (the “Clean Energy Standard Biennial Review”) (Item 30 on this PSC Docket).

Here is a summary from PBS. Key quote:

New York is expected to ramp up renewable energy production in the coming years, but it’s unlikely to meet a key climate target, according to an official review released last week. The state’s climate law, passed in 2019, mandates that New York obtain 70% of its electricity from renewable sources like wind and solar by 2030, which would significantly help curb the state’s climate-warming emissions. However, New York will likely have generated only enough renewable energy to meet around 45% of its electricity needs by the end of the decade, falling far short of its commitment, according to the review by the Department of Public Service and the state energy authority.

Even the 45% figure cited there is a fantasy and consists mostly of a power plant at Niagara Falls that preexisted all this energy transition claptrap. So far all our politicians are in a state of denial.

The only slight concession to reality is some talk of maybe postponing the 2030 deadline a few years, such as to 2033.

The fact is that they will be no closer to meeting the 70% target in 2033 than they will be in 2030, and it will never be met because (as pointed out in my Report) they need “dispatchable emissions-free resources” that don’t exist and won’t exist.

So at least for now, New York is racing forward to try to crash into the wall of reality at full speed.

Top image of Gov. Kathy Hochul via Forbes/YouTube screencap

Read more at Manhattan Contrarian

  • Truth
  • Twitter
  • Facebook
  • LinkedIn
  • Gettr
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…

Popular Posts

Energy

Professor Makes Stunning Discovery: ‘Absolutely, 100 percent, Offshore Wind Kills Whales’

Jul 15, 2024
Electric Vehicles (EVs)

The ‘Green’ Scam Of The Century: How ‘Renewables’ Increase Fossil Fuel Demands

Oct 23, 2024
News and Opinion

Antarctica Is Colder, Icier Today Than At Any Time In 5,000 Years

Apr 15, 2024

Comments 2

  1. Graham McDonald says:
    1 year ago

    Westinghouse and Tesla set up a hydro electric plant, generating AC current, at Niagara Falls ‘way back when’. That put ‘finis’ to Edison’s DC generators.

    So, if “all” the water coming over the falls was diverted to hydro generators how close would New York be to meeting their zero emissions target?

    (OK, it might have some slight affect on the tourist trade, but hey, “We reached Net Zero.”)

    Reply
  2. Spurwing Plover says:
    1 year ago

    I see t hat some Eco-Freaks want Trials for so called Climate Crinimal’s with the typical band of Eco-Freaks and Green Wierdo’s who sit lotus style around a Tree going OOOOOOOOOOMMMMMMMM OOOOOMMMMMM OOOOOMMMMM

    Reply

Comments are welcome! Those that add no discussion value may be removed.Cancel reply

Stay Connected On Social Media

gab-logo

Donate Today

Beating back the alarmist narrative takes time and money. Please donate today to help!

Recent Posts

  • 1930S Dust BowlBloomberg’s Climate Alarm Misfires: U.S. Heat Records Show 1930s Still Hottest
    Oct 10, 2025
    New data challenges Bloomberg’s heat claims, showing U.S. temp records peaked in the 1930s, not the modern era, despite climate alarmist narratives. […]
  • Rinderknecht facebook postSuspected Pacific Palisades Firebug Ranted Online About Trump, Climate Change
    Oct 10, 2025
    The alleged firebug behind the Pacific Palisades fire ranted online about climate change, Trump, Antarctic ice, and plant-based diets. […]
  • Solar panel farmBLM Cancels Mammoth Nevada Solar Project Under Trump’s Energy Agenda
    Oct 10, 2025
    BLM pulled the plug on a massive Nevada solar power project amid the Trump administration’s crackdown on renewable energy projects. […]
  • North Sea Wind FarmScientists Warn EU’s Net Zero Push Fueling Green Colonialism In Poor Countries
    Oct 10, 2025
    Scientists warn the green energy push risks exploiting developing nations, draining resources, and worsening global inequality under climate action. […]
  • Leonardo DiCaprio and his megayacht‘Green Antoinettes’ Preach Sacrifice While Jetting Off In Luxury
    Oct 10, 2025
    From Leo DiCaprio to AOC, celebs and politicians moralize about climate austerity while jetting off in luxury, fueling public backlash. […]
  • city underwaterYahoo News Pushes False Claim Cape Coral Will Vanish Under Rising Seas
    Oct 9, 2025
    Yahoo News amplified a false claim that Cape Coral will vanish under rising seas, ignoring NOAA tide data showing only a modest, steady sea level trend. […]
  • Santa Ynez Reservoir and hydrantLAFD After-Action Report Omits Empty Reservoir’s Role In Palisades Fire
    Oct 9, 2025
    LAFD’s Palisades Fire report cites firefighting issues but leaves out how the empty Santa Ynez Reservoir worsened the disaster. […]
  • Palisades FireDemocrats, Media Falsely Blamed Deadly California Fire On Climate Change—It Was Arson
    Oct 9, 2025
    The Feds say a man intentionally set the Palisades Fire, undermining claims from Democrats and media that climate change and oil companies were to blame. […]
  • Pope ice blessingPope Leo’s Arctic Ice Blessing Eroding Church’s Spiritual Mandate
    Oct 8, 2025
    Pope Leo’s Arctic ice blessing exposed how diving into climate politics erodes the Church’s spiritual authority and aligns it with radical agendas. […]
  • Offshore oil rigFederal Judge Rules Biden’s Massive Offshore Oil And Gas Ban Was Illegal
    Oct 8, 2025
    A federal judge ruled Biden overstepped his authority when he blocked offshore oil and gas drilling across 625 million acres, overturning his permanent ban. […]

Get Instant Email Notifications

Subscribe to receive a digest of daily stories, or get emailed once they're published. Check your Junk/Spam folder for a verification email.

Submit a tip

Please enter your email, so we know you're human.

Books You May Like

exposing great lie

Have a suggestion? Let us know! We swap out books based on your input. We participate in the Amazon Services LLC Associates Program. See here.

  • About
  • Privacy Policy
  • Contact Us

© Portions copyright Climate Change Dispatch

No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us

© 2025 Climate Change Dispatch

Share via
  • Facebook
  • Like
  • Twitter
  • Pinterest
  • LinkedIn
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky
Share via
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky