Fracking good for climate change

The American interest blogs:

Despite there being no real effort by Congress to addressglobal warming and America’s longstanding reputation as an energy hog, U.S. carbon dioxide emissions are falling.

The lackluster economy has something to do with it. But it doesn’t fully explain what’s happening. Consider that even factoring in a stronger economy, forecasters see greenhouse gas emissions continuing to fall.

It’s possible the country may meet its pledge to reduce emissions 17% by 2020.

So what is causing this?

The secret isn’t laws, green activism or regulations (although these do have roles to play). Innovation is the force that is enabling the cut in US carbon emissions. Specifically, the new ways of extracting natural gas that make have driven a natural gas boom in this country and dramatically cut the cost of the cleanest hydrocarbon energy source of them all. …

Ignore the greens and innovate, and you will cut carbon. Pay a lot of attention to them, spend a lot of money — and you will keep carbon emissions unchanged.

The story of course is more complicated than this, and there are real environmental problems that come with . Nevertheless, the one force capable of enabling human beings to have the kind of freedom and abundance that they want while preserving the planetary environment on which we all depend is innovation. Regulations and laws have their place, but they can only do so much.

Right now, fracking is doing more to control carbon emissions than all the efforts of all the greens in the world. …

And by creating more well paid blue collar jobs both in gas and oil extraction and in the manufacturing industries that will grow to exploit the new cheap energy sources, fracking strengthens the American economy and the tax base, providing revenues for both federal and state governments.

Fracking is the left’s best friend.

Now the Greens always say is the biggest challenge the planet faces – we risk extinction in fact. So I expect them to immediately stop their campaign to ban fracking, and endorse its use!

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