The World Bank and both the United States and the United Kingdom have chosen not to help developing countries build fossil fuel plants to generate the electricity these countries need to move ahead.
This refusal is designed to reduce emissions of CO2. But there is a social cost associated with it. If the people who otherwise would have had access to electricity are forced to continue burning dung and firewood, many will die from the attendant pollution caused by those much dirtier fuels. The conventional pollution and deforestation may not only harm human health but the surrounding environment as well.
Climate activists make the case that fossil fuel companies should not be subsidized. I happen to agree with them. However, subsidizing green energy sources is different, they claim. New industries with the potential to revolutionize our energy infrastructure deserve government support.
And again I agree with them. I think green…
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