Permitting Hell vs. Climate Hell at COP27

Onerous environmental permitting regulations make rapid renewable energy deployment in the United States a "fantasy."

Competitive Enterprise Institute Senior Fellow Mario Loyola proceeded during the questions and answers session to elegantly puncture the sunny “stated policies” predictions of rapid renewable energy deployment as “a fantasy,” at least in the United States. The Biden administration has the stated policy of deploying enough low-carbon energy production to cut U.S. greenhouse gas emissions by 50 percent below their 2005 levels by 2030. Loyola argued that these ambitious goals are “totally impossible” to achieve because federal and state bureaucracies will only be able to issue “a tenth of the necessary permits under current law.”

Read the full article on Reason.