The architects of the Green New Deal want to tackle climate change with a World War II-scale mobilization designed to replace fossil fuels with renewable energy in as little as a decade. And they think that the federal government, not markets, should determine how. On Monday, Democratic presidential candidate Beto O’Rourke unveiled a $5 trillion, 10-year plan to reduce greenhouse-gas emissions through government dictates such as stiffer fuel-efficiency standards. This urge to stop at nothing to find an effective solution...

Source: Wall Street Journal May 03, 2019 16:15 UTC