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Climate Cultists Want To Double Gas Prices, Institute Social Cost Of Carbon

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The lunatics at Forbes think we just can’t wait anymore

Climate Change Action Can’t Wait For Perfect Solutions

The climate crisis is no longer a future concern; it is a present-day emergency. Multiple reports from leading global bodies such as the IPCC, the World Meteorological Organization, the Copernicus Observatory, NOAA and others consistently warn that we must use every tool at our disposal to combat it.

The IEA and IRENA are among those suggesting solutions using the technologies we have and must develop by providing roadmaps to net zero by 2050, in general there is a plethora of such roadmaps and outlooks.

This isn’t bad, of course, but the path forward is far more complicated than identifying solutions. It’s about ensuring those solutions are genuinely effective and deployed to reduce or remove emissions.

Weirdly, cult writer Nils Rokke forgets to mention what actions he’s taken in his own life, other than “write about the global energy transition and net-zero emissions.”

One stark issue is the hidden cost of carbon, which impacts health, agricultural productivity, property damage, and ecosystems.

The European quota system, for instance, has seen prices of approximately $100, while recent studies, such as Adrien Bilal and Diego R. Känzig’s 2024 paper in the NBER Working Paper Series, suggest the actual social cost of carbon is an astounding $1,065 per ton for a one-degree increase in global temperature. So, who pays the gap of $900? We are far from paying the real cost.

For the average diesel or petrol car, this equates to a social cost of approximately $9 per US gallon. While European fuel prices already include significant taxes, implementing the true social cost would more than double current prices. This would be deeply unpopular, yet it’s a sobering reality: fuel taxation is the only area where we’re even close to covering the full social cost of carbon emissions.

I wonder where all that money would go? Government coffers as a slush fund to reward fellow Comrades as their cost of living skyrockets, perhaps? Because the cost of everything would increase. Food, clothes, shoes, homes, rent, vehicles, you name it.

The reality is that paying the full social cost of carbon seems unfeasible, but mounting evidence shows that the costs of inaction are even higher. For instance, former EU Commissioner for Science and Research and later Environment, Janez Poto?nik, recently highlighted at a conference that the devastating floods in Slovenia last year cost the country an amount equivalent to 16.9% of its national yearly revenue in 2023. This is just one stark example.

If the costs of inaction are so high then why do almost no Warmists ever do anything in their own lives? If they aren’t willing to voluntarily practice what they preach, why should the rest of us allow government to force us?

The post Climate Cultists Want To Double Gas Prices, Institute Social Cost Of Carbon appeared first on Pirate’s Cove.


Source: https://www.thepiratescove.us/2024/10/08/climate-cultists-want-to-double-gas-prices-institute-social-cost-of-carbon/


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