Any ‘green’ ideas were never about economic sanity anyway, but that problem is now even more acute.
H/T The GWPF
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Green technologies that were known money-losers before the pandemic are still money-losers today.
There’s a curious idea floating around that the COVID crisis undid the principles of economics, says Ross McKitrick.
Nobody puts it exactly like that, but it’s implied in the various proposals for restructuring the post-pandemic economy so that it will look very different from the one we experienced up to the end of January.
Amid the buzzwords about “Resilient Recovery” and “Building Back Better” are proposals for an investment push into green technologies and new environmental policies, including initiatives that failed to pass standard economic tests before the pandemic.
So how, exactly, did the pandemic change the criteria for evaluating policies, investments and major public projects?
The short answer is: it didn’t, and…
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