Friday, May 16, 2025

The net zero industry is collapsing worldwide. Hopefully it will be abandoned for good

 

The Net Zero fantasy fades

The grand vision of "Net Zero" initiatives -- by which emissions of carbon dioxide magically balance with expensive and futile capture and storage systems -- have long been sold as the redemption arc for humanity’s profligate modern ways. Yet, like a poorly scripted dystopian thriller, the holes in this plot are glaring.

Net Zero was always a fragile concept. It rested on shaky and illogical assumptions: that wind turbines, solar panels and “green” hydrogen could reliably replace fossil fuels, that governments could redesign economies without unintended consequences, that voters would accept higher costs for daily necessities, and that developing countries would sacrifice growth for climate targets they had no hand in creating.

None of those fantasies held. Countries did not decarbonize nearly at the speed promised, even though climate bureaucracies clung to the illusion. Long-range targets, five-year reviews, and international pledges lacked common sense and defied physical and economic realities. The result? An unaccountable machine pushing impractical policies that most people never voted for and are now beginning to reject.

If Net Zero were a serious endeavor, its architects would confront the undeniable: China and India are more than delaying their decarbonization timelines -- they’re burying them. Why has this been ignored?

China and India -- responsible for more than 40% of global CO2 emissions in the last two decades -- are accelerating fossil fuel use, not phasing it out. In Southeast Asia, coal, oil and natural gas continue to dominate. Vietnam, Indonesia and the Philippines are building new electric generating power plants using those fuels. These countries understand that economic growth comes first.

Africa, too, is pushing back. Leaders in Nigeria, Ghana, and Senegal have criticized Western attempts to block fossil fuel financing. African nations are investing in exploitation of oil and gas reserves.

If Asia represents the global rejection of Net Zero, Germany and the U.K. are poster children of the West’s self-inflicted wounds. Both nations, once hailed as Net Zero pioneers, are grappling with the harsh realities of their green ambitions. The transition to “renewables” has been plagued by economic pain, energy insecurity, and political backlash, exposing the folly of policies divorced from facts. When the war in Ukraine cut off energy supplies, Germany panicked. Suddenly, coal plants were back online. The Green Dream died a quiet death.


The Net Zero fantasy fades - American Thinker

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