For the sake of argument, nonetheless, let’s concede that global warming is precisely what Obama thinks it is. Then answer this: What in God’s name is his massive new regulatory and spending program — which begins with a war on coal and ends with billions in more subsidies for new Solyndras — going to do about it?
The U.S. has already radically cut CO2 emissions — more than any country on earth since 2006, according to the International Energy Agency. Emissions today are back down to 1992 levels.
And yet, at the same time, global emissions have gone up. That’s because — surprise! — we don’t control the energy use of the other 96 percent of humankind.
Krauthammer goes on to say that other countries won’t go along, but I’m not so sure. Global elites might not mind coordinating efforts against their own populations. Cheap energy is one of those things that makes entrepreneurship possible, and that upsets applecarts the elites would rather not see knocked over.
It’s all about stasis.