Example Image
Civitas Outlook
Topic
Economic Dynamism
Published on
Mar 21, 2025
Contributors
Steven F. Hayward
Greta Thunberg, speaking in Rome, Italy. (Shutterstock)

The Nadir of the Climate Change Movement

Contributors
Steven F. Hayward
Steven F. Hayward
Steven F. Hayward
Summary
The prevailing winds are blowing not toward more windmills but toward common sense on energy.
Summary
The prevailing winds are blowing not toward more windmills but toward common sense on energy.
Listen to this article

It is possible that the Trump Administration is going to deal the death blows to the long-running climate change hysteria and government hostility to fossil fuels, not just in the United States but around the globe.

The Trump Administration has moved well beyond merely supporting increased oil and natural gas production. It has also launched steps to dismantle the foundations of anti-energy climate policy, in particular, a proposed reversal of the so-called "endangerment finding" that gave the EPA jurisdiction to regulate greenhouse gases, which were never explicitly included in any of the various Clean Air Acts passed over the last 50 years. Trump's EPA is also proposing to revise the EPA's flawed "social cost of carbon" analysis, which is used to justify costly green energy schemes.

Energy Secretary Chris Wright summed up the attitude in a recent speech: "The Trump administration will end the Biden administration's irrational, quasi-religious policies on climate change that imposed endless sacrifices on our citizens." We have indeed raised global atmospheric CO2 concentration by 50% in the process of more than doubling human life expectancy, lifting millions of the world's citizens out of grinding poverty, launching modern medicine, telecommunications, planes, trains, and automobiles, too. . .

Running the math on what might have been the benefits from these [Biden] policies yields perhaps only a few hundredths of a degree reduction in global temperatures in the year 2100. The Trump administration intends to be much more scientific and mathematically literate.

I doubt the climatistas know what's about to hit them. Unlike the defensive crouch of previous Republican administrations (including Trump I to some extent), the new Trump team is going straight at the heart of the entire climate change framework. Start with the aforementioned "social cost of carbon" (SCC), an economic calculation of the present value of projected future climate damages if we don't suppress fossil fuel use. It is an arcane economic analysis, the assumptions of which I won’t delve into here, except to note the variation in the estimate over the last 15 years. The Obama EPA settled on an SCC estimate of $52 per ton; the first Trump EPA calculated the SCC at $7 per ton, and the Biden EPA came up with $185 per ton. In other words, this is all economic flim-flam, with the high numbers necessary to justify monumental energy regulations and subsidies for costly “green” energy.

The biggest problem here, regardless of the number you settle on, is that any estimate of the social cost of carbon should also account for the social benefits of carbon, which vastly outweigh the climate costs that preoccupy the climatistas. This aspect of the matter is understudied because the results would kill off almost all the climate crisis industry at a stroke. One of the very few to do this is Richard Tol, a highly regarded Dutch environmental economist. In 2017, he concluded that the social benefit of carbon is over $400 per ton, which is a multiple of even the highest cost estimates of the climatistas and the bureaucrats. This is the kind of benefit Wright has in mind with his statement that fossil fuels are responsible for launching "modern medicine, telecommunications, planes, trains, and automobiles, too."

That's only the beginning of the massive benefits of large-scale affordable energy over the last century, but these incredible achievements are seldom seriously considered in the "consensus science" assessments of the UN's Intergovernmental Panel on Climate Change (IPCC). It is necessary to make the sober point that if we ceased using coal, oil, and natural gas instantly, as the most fervent climatistas demand in their street protests and art museum vandalism stunts, hundreds of millions of people around the world would be dead in a week.

Likewise, overturning the "endangerment finding," which the Obama EPA adopted to launch its plan to nationalize America's electric utility industry, represents a frontal challenge to existing climate policy. It is unlikely that a thorough reevaluation of the risks associated with greenhouse gases will reveal any discernible health hazards, let alone any that would justify spending trillions of dollars on green energy.

At this point, someone might well raise the question of whether Trump's moves will last or whether they will be promptly reversed by the next Democratic administration, for whom the "climate crisis" will remain a core priority (or whether some of Trump's proposed changes will encounter a legal roadblock). This is a plausible scenario until we consider the startling proposition that the Trump Administration's moves are, in fact, a lagging indicator of where the climate change story has been heading for some time now, unrecognized by the media and most politicians.

Climate change has been the premier environmental issue for almost 40 years now and appears to be running through what the eminent political scientist Anthony Downs identified in a classic 1971 article in The Public Interest as "the issue-attention cycle." Downs outlined a five-stage cycle through which political issues of all kinds typically progress.  Experts and interest groups begin promoting a problem or crisis, which is soon followed by the alarmed discovery of the news media and broader political class.  This second stage, significantly, typically includes a large amount of euphoric enthusiasm—you might call this the “dopamine” stage—as activists conceive the issue regarding global salvation and redemption. (Al Gore is the premier example of this aspect of climate change.)

Then comes the third or "hinge" stage, where there is “a gradually spreading realization that the cost of ‘solving’ the problem is very high indeed.”  This is where we have been with climate change from almost the beginning. “The previous stage,” Downs continued, “becomes almost imperceptibly transformed into the fourth stage: a gradual decline in the intensity of public interest in the problem.”  Then, in the fifth or “final [post-problem] stage,” Downs concluded, “an issue that has been replaced at the center of public concern moves into a prolonged limbo—a twilight realm of lesser attention or spasmodic recurrences of interest.”  

Climate change has arrived at Downs' fifth stage. Despite billions spent for climate crisis agitprop, the backing of a compliant media, the surrender of much of big business (including many fossil fuel companies), and the endless braying of opportunist politicians, opinion surveys consistently find that the public does not buy the "climate crisis," ranking it at the bottom or next to the bottom of their major issue concerns.

Downs predicted in his article—written less than a year after the first Earth Day launched the modern environmental activist movement—that the issue-attention cycle for environmental issues would be longer than for most other matters, which has certainly proved to be the case for climate change.

The Trump Administration's bold disposition to turn entirely away from the madness represents a short fuse riding on a long wave to mix metaphors. One ironic aspect of the Biden Administration's substantial spending on green energy is that the U.S. was at least a decade behind Europe in this regard. Led by Germany's "energiewende" ("energy revolution"), Europe spent over a trillion Euros for green energy, only to see their modest decarbonization trends stall and go into reverse, with Germany and other nations having to restart coal-fired power plants and diesel generators, extending oil and natural gas production after having intended to reduce production, and reversing closures of nuclear power plants. The inability to meet the rising costs of green energy led to the downfall of the German government last fall. If you pay close attention, you can see that European political leaders have been backtracking on climatism for some time now, muting their rhetoric—always the cheapest commodity for all politicians—about the climate crisis and ambitious climate goals.

Even John Kerry, climate catastrophist-in-chief, has made subtle but telling shifts in his climate rhetoric. In 2021, Kerry's standard climate change stump speech claimed, “Currently, as we’re talking today, we are regrettably on course to hit somewhere between 3, 4 degrees at the current rate.” But by 2023 Kerry's numbers changed: “We're currently heading towards something like 2.4 degrees, 2.5 degrees of warming on the planet."  What changed? It turns out that even the so-called "consensus science" of the IPCC has begun to dial back its previous predictions of climate catastrophe, although the media haven't noticed or reported this. Give Kerry some credit for "following the science," as we are often urged to do.

The progress of climate change through Downs's "issue-attention cycle" does not mean that resource extraction industries won't continue to face hostile regulators, protracted litigation from activists, and biased treatment from the media. But for the first time in decades, the prevailing winds are blowing not toward more windmills but toward common sense on energy.

Steven F. Hayward is the Edward Gaylord Distinguished Visiting Professor at Pepperdine University's School of Public Policy.

10:13
1x
10:13
More articles

A Doctor In Full

Pursuit of Happiness
Oct 17, 2025

Racing Earnhardt

Pursuit of Happiness
Oct 17, 2025
View all

Join the newsletter

Receive new publications, news, and updates from the Civitas Institute.

Sign up
More on

Economic Dynamism

The Causal Effect of News on Inflation Expectations

This paper studies the response of household inflation expectations to television news coverage of inflation.

Carola Binder, Pascal Frank, Jane M. Ryngaert
Economic Dynamism
Aug 22, 2025
The Rise of Inflation Targeting

This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.

Carola Binder
Economic Dynamism
Aug 11, 2025
AI and the Future of Society and Economy

Large language and generative AI models like ChatGPT are the equivalent of the first automobiles: fun to play with, somewhat unreliable, and maybe a little dangerous. But over time, the lesson for will be clear: Who Learns Fastest, Wins.

Joel Kotkin, Marshall Toplansky
Economic Dynamism
Jul 17, 2025
Automated Detection of Emotion in Central Bank Communication: A Warning

Can LLMs help us better understand the role of emotion in central bank communication?

Carola Binder, Nicole Baerg
Economic Dynamism
Jul 1, 2025
No items found.
Ignore 'Open Letters' From Economists

Don’t be swayed by “open” letters signed by well-known and well-respected scholars, experts, professors, and businessmen.

Charity-Joy Acchiardo, Dirk Mateer & Brian O'Roark
Economic Dynamism
Sep 23, 2025
Demystifying the New Deal

Carola Binder reviews False Dawn: The New Deal and the Promise of Recovery, 1933–1947 by George Selgin

Carola Binder
Economic Dynamism
Sep 5, 2025
Why Is California Losing Good Jobs to Other States? It’s Not Rocket Science

The system that made California dynamic and prosperous for so long is now broken and backward-looking

Joel Kotkin
Economic Dynamism
Sep 4, 2025
Trump’s Factory Revival Is Happening

Think what you will of President Trump’s chaotic-seeming tariff policies. The ostensible goal — the revitalization of US manufacturing — is of decisive importance for the success of the nation.

Joel Kotkin
Economic Dynamism
Sep 4, 2025

Unlocking Housing Supply: Market-Driven Solutions for Growing Communities

Economic Dynamism
Sep 30, 2025
1:05

Trump’s Tariff-for-Income-Tax Swap

Economic Dynamism
Aug 21, 2025
1:05

Why the Damage to Fed Independence May Have Already Been Done

Economic Dynamism
Jul 24, 2025
1:05

Richard Epstein: Law and Economics of Public Sector Unions

Economic Dynamism
Jun 19, 2025
1:05

Can the U.S. Defense Industrial Base Meet Today’s Challenges?

Economic Dynamism
May 13, 2025
1:05
No items found.
No items found.
The Reign of the Greenback

The dollar is the world's overwhelmingly dominant currency, but it suffers from endemic consumer price inflation and recurring asset price inflation.

Alex J. Pollock
Economic Dynamism
Oct 16, 2025
Don’t Choose Your Own Adventure: Understanding Middle-Class Earnings Trends

Measuring these trends is complicated, but the results of wage gains are encouraging.

Scott Winship
Economic Dynamism
Oct 15, 2025
The Tariff Debacle Is Renewed

Trump adopts a novel version of the “unitary executive” theory that allows him first to declare the emergency and then prescribe the remedy for it, all without either judicial oversight or Congressional authorization.

Richard Epstein
Economic Dynamism
Oct 15, 2025
A Nobel Prize for Innovation, Dynamism, and Creative Destruction

The policy implications of this Nobel are clear. Governments cannot engineer innovation.

Jonathan Hartley
Economic Dynamism
Oct 14, 2025
No items found.