The apocalyptic climate narrative is a seriously misleading propaganda tool and a socially destructive guide for public policy. The narrative radically overstates the risks to humanity of continued global warming, which are manageable, not existential. It prescribes large-scale near-term suppression of fossil-fuel use, while failing to recognize the huge costs that such suppression would inflict on humans because fossil fuels are currently irreplaceable inputs for producing food (via ammonia-based fertilizer), steel, cement, and plastics.

The paper details the flaws in the apocalyptic climate narrative, including why the threat from human- caused climate change is not dire and why urgent suppression of fossil-fuel use would be unwise. We argue that sensible public policies would focus instead on developing a diversified portfolio of energy sources to support greater resilience and flexibility to respond to whatever weather and climate extremes that might occur. We identify nine principles for sensible U.S. public policies toward energy and discuss implications of the flaws in the narrative for investors and their agents.¹

1. https://onlinelibrary.wiley.com/doi/10.1111/jacf.12665 ↩︎