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President Trump's call to pull out of the Paris climate accord has set off a firestorm on the left and right, and now a conservative think tank has weighed in with a rebuttal.
The Heritage Foundation argues in a blog post that "radical energy policy" is the only way to "accumulate the wealth necessary for human advancement" and that "government bureaucrats have taken for granted the practical realities that energy abundance has on reducing poverty for its citizens."
Specifically, the think tank says that countries with energy consumption of less than 500 kWh per capita see a "drastic decline" in poverty, while those above 10,000 kWh see a "drastic reduction in child mortality."
The US, on the other hand, surpassed the 10,000 kWh mark in the 1920s, and "this ushered in a period well remembered for material prosperity that saw the beginnings of mass-electrification and majority access to improved water sources," the blog post says.
"It is not the individual innovator that benefits most from their creation, it is the rest of society.
As long as the government does not become captured by special interests, the voluntary exchange of wealth, the exchange of time and skills, allocates toward whoever can solve the scarcity of time the best."
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Foundation Provides Interest-free Loans to Start Up Social Enterprises
The Charities Aid Foundation has set up a scheme, called the Social Enterprise Assist, that will render interest-free loans of up to £10,000 each to help social enterprise start-ups.