While Politicians Demagogue Energy, They Ensure Higher Rates

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Although it’s not entirely unique in this respect, energy policy is incredibly complex, which makes tracing the effects of policy very difficult.  But how could this, as reported by Ted Nesi on WPRI, not drive up the cost of energy and (therefore) everything else in the Northeast?

Rhode Island and the eight other states that are part of a decade-old compact to reduce greenhouse-gas emissions announced Wednesday they have reached an agreement for further cuts through 2030.

The Regional Greenhouse Gas Initiative (RGGI) said the governors have agreed to an emissions cap of 75.15 million tons of carbon dioxide in 2021 and a 30% cut from that level over the subsequent decade. If successful, by 2030 the initiative will have reduced carbon emissions in the Northeast by more than 65% since it began in 2009, officials said.

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Our governments (which one might reasonably hesitate to characterize as “representative”) continue to set policies that close down nearby energy production and hinder the importation of energy from elsewhere.  Then they turn around and blame greedy private corporations when they have to raise prices.

Of course, the politicians are aided in this endeavor by activists.  This is from another WPRI article, by Ian Opaluch and Shiina LoSciuto:

“They want to build a biomass plant [in Somerset],” Connie Brodeur of Coalition for Clean Air South Coast said. “Bio sounds very green, but it’s not.”

“We’d like to see Somerset go into a different direction, away from burning things,” she added.

Here’s a thought:  If that’s what you’d like to see, then get some money together and start a business.  Compete for a share of the energy market, rather than interposing yourself between people trying to supply energy and the people who rely on it.

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