WSJ article. The gist is that across the developed world, the easy carbon reductions have been made. Further reductions in the west will be prohibitively expensive for very little added benefit. At the same time, with China, India and the developing world having carbon emissions per unit of GDP at ten times the Western world, they are already backing off on their efforts. Further sacrifice in the West won’t make any difference.
Voters across the West are rebelling at further costs for no benefits. The alarmists, of course, don’t see it, but the war on fossil fuels is over, and fossil fuels won.