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  • Fossil Fuel Free Is No Country for the PoorMarch 30, 2015

    By DONALD J. BOUDREAUX

    Richard Branson,Arianna Huffington and several other business icons recently called on world leaders to commit to net-zero carbon emissions by 2050. Such a commitment, they vow, would “drive innovation, grow jobs, build prosperity and secure a better world.”

    This isn’t merely impractical; it’s nonsensical. Fossil fuels are the bedrock of modernity, generating cheap energy and widespread wealth. Environmental crusaders who would do away with these fuels fail to acknowledge the stark results in a world forced to rely solely on renewable energy.

    Altogether, renewable energy sources—including wind, solar, hydropower, geothermal and biomass—generate one-tenth of the energy Americans demand. Without fossil fuels to fill that 90% gap, the economy would collapse, commodity supplies would dwindle, jobs would disappear, and households would remain cold, dark and haunted by hunger.
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