Every so often the truth seeps out that significantly reducing global greenhouse gas emissions will require enormous sacrifices, meaning profound losses of welfare on people's part. Bear that in mind when you hear politicians’ promises of “net zero by X date” or “50 or 80 percent carbon dioxide reductions by year X.” In the Western world, the energy cuts and lifestyle changes required to hit net zero will mean going back to early-1800s levels of emissions. This will force enormously negative … [Read more...]