I would love to hear electrodacus's analysis of the behavior of this circuit when the switch is closed, with Vi of 3 V and C of 3 F, with idea capacitor, wires and switches, of course, (so no dissipative elements).
You will have an ideal LC circuit thus current through the inductor will increase gradually until capacitor will be fully discharged so a finite current that will create a finite magnetic field that will then collapse and charge the capacitor all they way back up to 3V.
At any point after you close the switch the energy will be there in an isolated circuit as no energy is lost through resistive loss as there is no resistance and no energy will be dissipated despite the variable magnetic field around the circuit.
But if the circuit is not isolated meaning you have some other loop in range of this and that has resistance then energy will be lost to that eventually all the initial energy will be lost in that magnetically coupled loop. But this will no longer be considered an isolated circuit.
The point is that none of the energy will be radiated away but always be there and if you open the switch at the correct time when all energy is in the capacitor then you will be in the same state as the initial state.
That is how the charging of a capacitor from another using an inductor as intermediary storage works in order to reduce the amount of lost energy during transfer.
Adding the inductor adds no energy to the circuit yet it helps getting very close to ideal where most of the energy is still stored after transfer and not lost as heat.
So no energy is "radiated away" by in this case magnetic field as the electric field exists only between the capacitor plates but that also is not "radiated away"
While in Derek's example there is of course energy stored in magnetic field around the wires it is not what transfers the energy from one wire to the other.
The current in those first 65ns is due to capacitor being charged as current cannot flow through 1m of air at 20V potential (leakage so low that it will not register). Since current flow is not present trough air no energy travels outside the wire let alone all energy as Derek claims.