Carbon Credits Failure: Sachs, Romm, Rockström

“Low-quality carbon offsets are undermining global decarbonisation efforts. Around 40% of existing carbon pricing schemes allow the use of offsets, most with no effective limits on quality or quantity. Recent analysis shows that fewer than 16% of more than 2,300 offset projects actually delivered the emission reductions they promised.” – Johan Rockström, (Potsdam Institute)

“Don’t get tangled up in your own underwear,” an old saying goes. Such applies to the carbon management schemes created by governmental anti-CO2 policy.

You reap what you sow. If you politicize an issue by introducing government intervention into voluntary market transactions, then expect suboptimal outcomes. Call it government failure in the attempt to address alleged market failure.

Shame that Big Green does not see itself as the problem rather than “wrong” public policies. And here we are: the Progressive Left complaining about bad climate policy decades after they themselves went political.…

U.S. Out of UN ‘Principles for Climate-Related Financial Risk Management’

“The federal bank regulatory agencies today announced the withdrawal of interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions.” (- Federal Reserve Board, October 16, 2025) [1]

“The private sector can fend for itself versus global government and the pretense of climate knowledge. The United Nations should not have indirect regulatory authority over the United States. The United States comes first.” (below)

Climate activist Laurie Schoeman, “working at crossroads of climate risk, housing, and capital markets,” posted on social media:

The Federal Reserve Board has announced that U.S. federal finance agencies who regulate our banking and financial sector [Federal Deposit Insurance Corporation; Federal Reserve Board; Office of the Comptroller of the Currency] are withdrawing from the Interagency Principles for Climate-Related Financial Risk Management — a framework designed to help large financial institutions manage exposure to climate risk.

Lose It: Towards a Tax-neutral Energy Market

It’s happening. After decades of saying that they needed the special government help–but also that they were cheaper and competitive (!)–the economically incorrect energies and their technologies are facing a real free market. The chart below from social media lists some of the current deadlines for major energy subsidies.

And with the end of special government favor will come the clean-up. Expect wind/solar decommissionings and removal to begin outpacing replacement/new additions in the years ahead. Expect EV charging stations to be removed as demand contracts (“It is getting easier to find EV chargers in the U.S. just as the market for electric vehicles hits the skids.”) [1] Expect lawsuits as long-term rooftop-solar contracts are erased by company bankruptcies (how to exit such contracts is a cottage industry). Garbage in-garbage out.

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[1] Jennifer Hiller, “Growth in U.S.…

DOE Secretary Chris Wright: Energy Exceptionalism Quotations

Utility-scale Solar: The Grim News Begins (Blue Ridge “wind-down’)

Solar, Wind ESG/ETC Closures Accelerate

Net Zero Banking Alliance Terminated

Thatcher & UK Politics: Up from Alarmism

NRDC in Climate Denial (forced smiles at ‘Climate Week’)

Finance vs. “Climate Finance” (Lisa Sachs’s Problem)