Politicians previously emphasized the need to move to net zero emissions to combat climate change. This goal, theoretically possible through reduced fossil fuel burning and carbon removal by vegetation, was pledged by governments worldwide. President Joe Biden and European leaders aimed for net zero by 2050.

Some countries invested heavily in renewable energy, with Germany and Spain claiming significant reliance on renewables. However, issues arose as electricity costs increased, leading to business closures. A notable incident occurred in Spain, where the electricity supply shut down for 16 hours.

Further details on the challenges faced by these countries in their pursuit of net zero emissions are available from the source, including commentary from Alex Epstein on the consequences of flawed electricity policy.