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Leading Economist: ‘Net Zero Means Higher Interest Rates’

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Leading Economist: ‘Net Zero Means Higher Interest Rates’
UK Prime Minister Rishi Sunak addresses participants at the Munich Security Conference in Munich, Germany, on Feb. 18, 2023. Ben Stansall/WPA-Pool/Getty Images
Rupert Darwall
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Commentary

Politicians and climate activists portray net-zero climate policies as a win-win: good for the planet, good for the economy. A recent example is “Mission Zero,” a supposedly independent review of the UK’s net-zero target led by the former minister who signed net zero into law.

Rupert Darwall
Rupert Darwall
Author
Rupert Darwall is a senior fellow of the RealClear Foundation and author of the books “The Age of Global Warming: A History,” “Green Tyranny: Exposing the Totalitarian Roots of the Climate Industrial Complex,” and “Going Through the Motions: The Industrial Strategy Green Paper.” Darwall also authored the reports “The Climate Noose: Business, Net Zero, and the IPCC’s Anti-Capitalism,” “Capitalism, Socialism and ESG,” “Climate-Risk Disclosure: A Flimsy Pretext for a Green Power Grab,” “The Anti-Development Bank: The World Bank’s Regressive Energy Policies,” and “The Folly of Climate Leadership.”
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