April 5, 2018

VOX: It’s time to think seriously about cutting off the supply of fossil fuels.

Policies that choke off fossil fuels at their origin — shutting down mines and wells; banning new ones; opting against new pipelines, refineries, and export terminals — have been embraced by climate activists, picking up steam with the Keystone pipeline protests and the recent direct action of the Valve Turners.

But they are looked upon with some disdain by the climate intelligentsia, who are united in their belief that such strategies are economically suboptimal and politically counterproductive.

Now a pair of economists has offered a cogent argument that the activists are onto something — that restrictive supply-side (RSS) climate policies have unique economic and political benefits and deserve a place alongside carbon prices and renewable energy supports in the climate policy toolkit.

In other words, a tacit — if lengthy — admission that they’ve lost the debate.

Or as David Harsanyi quipped: “Green energy is so popular, cost efficient, and moral! that we must cut off your access to fossil fuels to make you buy it.”

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