President Joe Biden has pledged to cut America's greenhouse gas emissions in half by 2030. He intends to meet this ambitious target through a wave of new federal spending and government programs. Yet, our best hope for reducing carbon emissions isn't new government spending. It's a technological sea-change – one that can only come from the private sector.
Government is slowing progress against climate change by imposing regulations that prevent emissions-lowering technologies from reaching the market. If our leaders really want to save the planet, they need to get out of the way of entrepreneurs who can actually do so.
Image: In this Nov. 16, 2015 file photo, a worker walks through a section of the Mississippi Power Co. carbon capture plant in DeKalb, Miss. Rogelio V. Solis | AP
