Guest essay by Eric Worrall
Huffington Post has a plan to address the as yet unanswered question of who will foot the bill, for the renewable transformation green advocates want, in the wake of the Paris COP21 agreement. HuffPost’s suggestion is a $2.9 trillion rise in annual taxes on fossil fuels.
How Can We Pay for the New Energy Economy?
Many a great idea has been deflated by a simple question: “That’s nice, but who’s going to pay for it?” That question hovered like a cloud over the international climate conference in Paris a week ago. Simply put, the goal of the agreement at that conference is to build a world in which we achieve and sustain universal prosperity without plummeting into a future of irreversible climate catastrophe. It’s a great goal, but who is going to pay for it?
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Fossil Energy Subsidies: Some government subsidies go to energy consumers and some to energy producers. Some are direct – tax breaks, for example – and some are indirect “post tax” subsidies, including the social and environmental costs of using fossil fuels. According to the International Monetary Fund (IMF), direct and indirect subsidies around the world are expected to total $5.3 trillion this year.
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The IMF notes that the benefits of reforming fossil energy subsidies are “potentially enormous”. “Eliminating post-tax subsidies in 2015 could raise government revenue by $2.9 trillion (3.6% of global GDP), cut global CO2 emissions by more than 20% and cut premature air pollution deaths by more than half,” it says.
In addition, Huffpost thinks we should place an unspecified price on CO2.
Putting a Price on Carbon: The principal reason that climate change has become the world’s biggest market failure is that the energy market’s price signals are broken. Government subsidies keep energy prices artificially low. Moreover, the prices we pay at the pump and electric meter do not include the cost of damages that carbon fuels do to public health, the environment and so on.
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The most common argument against carbon pricing is that it would kill jobs and cripple the economy, but actual experience shows this is not necessarily the case. One example is found in the nine U.S. states whose carbon trading I cited above. Between 2009 and 2013, their economies reportedly grew more than 9% compared to 8.8% in the other 41 states, while their combined carbon emissions dropped 14%. The net economic benefit to the region’s economy was $1.3 billion.
Read more: http://www.huffingtonpost.com/william-s-becker/how-can-we-pay-for-the-ne_b_8845586.html
Taxing our way to prosperity – the green solution to the global climate “crisis”.
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The irony of such an tax is, when the fossil fuels are taxed to death and not used, we’ll have no replacement since there will no way to fund the green projects.
“Eliminating post-tax subsidies in 2015 could raise government revenue by $2.9 trillion (3.6% of global GDP), cut global CO2 emissions by more than 20% and cut premature air pollution deaths by more than half,” it says.”
Total amount of human deaths from breathing ambient atmospheric levels of CO2 in history…………ZERO.
Total amount of animals(including humans) harmed from breathing ambient levels of CO2……….ZERO.
Total amount projected over the next 100 years……….ZERO.
There is real air pollution and it’s often emitted in tandem with beneficial CO2 and we should spend money to reduce the real pollution…………but let’s stop pretending and misleading that it’s the CO2.
The problem with the leftwingers is that they don’t understand the problem and have no understanding of possible solutions. Renewables are primitive and ridiculous.
Diesel cars, diesel generator .. make biodiesel.
I’m totally renewable. I must have a carbon footprint the size of a small village.
Since I’m adding to the plant growth in the world, I think you all owe me a check.
“A tax deduction and a government subsidy aren’t the same. When politicians use the terms interchangeably, it misleads many Americans.’
The politicians are in charge of educating Americans. So when politicians use the terms interchangeably, and it misleads many Americans, the politician gets to smile inside.
HuffPo workers toil so hard to be noticed, they need to be unionized for all the savage workload of contrived news and controversy.
heck, import a bunch of muslambs. they’ll pay for it.. this is socialism, right.. lets face it, if the mass migration of mid-easterners to Europe is to offset the decline of the population… well ….scheisse it ain’t my money.
Or is it?
I see they have decided to use “climate disruption” in the huffpost article. They seem to always be changing the words. Now I know I should go ahead and get another solar panel since they plan on proceeding with this big fraud.
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Emerging Behaviors
Oberlin black students now want to be paid for protesting/organizing.
http://www.nationalreview.com/article/428768/oberlin-students-protests-paid-for-document
Honest pay for honest work ?
Since they typically revile any monetary form, it would be dishonest pay for dishonest work. Still, I think they’d take it–even those low-life’s like to eat.
This is awesome. This will fund the rest of the green jobs that Obama wanted. We spent lkke $11,000,000 per job paying $60,000 per year?
work ??
no way man.
i’ll miss my adult playtime
http://a.abcnews.go.com/images/Lifestyle/LV_adult_preschool_6_sk_150317_4x3_992.jpg