And for what?
Arguably, not a single life has been or will be saved by this shameful and colossal misallocation of human resources. The war on safe and abundant fossil fuels has cost countless lives in poor countries and made those countries poorer by blocking affordable energy.
Since the global warming crusade started some 30 years ago, the temperature of the planet has not been altered by one-tenth of a degree — as even the alarmists will admit.
In other words, $16 trillion has been spent — a lot of people got very, very rich off the government largesse — but there is not a penny of measurable payoff.
But it’s much worse than that. In economics there is a concept called opportunity cost: What could we have done with $16 trillion to make the world better off?
What if the $16 trillion had been spent on clean water for poor countries? Preventing avoidable deaths from diseases like malaria? Building schools in African villages to end illiteracy? Bringing reliable and affordable electric power to the more than one billion people who still lack access? Curing cancer?
Many millions of lives could have been saved.
We could have lifted millions more out of poverty. The benefits of speeding up the race for the cure for cancer could have added tens of millions of additional years of life at an economic value in the tens of trillions of dollars.
Instead, we effectively poured $16 trillion down the drain. For this reason, it is important that we identify the green “climate change” derangement syndrome as perhaps the most inhumane political movement in history.
The people at the Sierra Club, the Environmental Defense Fund, and the United Nations, and politicians like Al Gore, Joe Biden, and John Kerry who voted for and carried out this Green New Deal scam, should be placed on a wall of shame. Biden’s administration alone wasted $400 billion on green energy and other sham climate change programs.
The one sliver of good news is that it appears the climate change neuroses have finally started to subside. We’ve reached peak global warming craziness in the U.S., for sure, and even Europe seems to have turned its back on its economically masochistic net zero fossil fuels obsession.
Donald Trump is wisely and rapidly dismantling the climate change industrial complex. Of all his pro-growth economic policies, there may be none with a higher longtime payoff than his recent order to repeal the mother of all costly regulations: the anti-fossil fuels “endangerment rule” taxing carbon dioxide emissions. The cost of that regulation had been estimated to exceed $1 trillion over time.
We can’t recapture the $16 trillion wasted on a false crisis. Sunk costs are, alas, sunk. But we can stop the madness of actually believing that politicians who can’t even pay off the balance on their credit cards can somehow change the world’s temperature.
Stephen Moore is a senior fellow at The Heritage Foundation and an economist at FreedomWorks. This article was sourced HERE
Since the global warming crusade started some 30 years ago, the temperature of the planet has not been altered by one-tenth of a degree — as even the alarmists will admit.
In other words, $16 trillion has been spent — a lot of people got very, very rich off the government largesse — but there is not a penny of measurable payoff.
But it’s much worse than that. In economics there is a concept called opportunity cost: What could we have done with $16 trillion to make the world better off?
What if the $16 trillion had been spent on clean water for poor countries? Preventing avoidable deaths from diseases like malaria? Building schools in African villages to end illiteracy? Bringing reliable and affordable electric power to the more than one billion people who still lack access? Curing cancer?
Many millions of lives could have been saved.
We could have lifted millions more out of poverty. The benefits of speeding up the race for the cure for cancer could have added tens of millions of additional years of life at an economic value in the tens of trillions of dollars.
Instead, we effectively poured $16 trillion down the drain. For this reason, it is important that we identify the green “climate change” derangement syndrome as perhaps the most inhumane political movement in history.
The people at the Sierra Club, the Environmental Defense Fund, and the United Nations, and politicians like Al Gore, Joe Biden, and John Kerry who voted for and carried out this Green New Deal scam, should be placed on a wall of shame. Biden’s administration alone wasted $400 billion on green energy and other sham climate change programs.
The one sliver of good news is that it appears the climate change neuroses have finally started to subside. We’ve reached peak global warming craziness in the U.S., for sure, and even Europe seems to have turned its back on its economically masochistic net zero fossil fuels obsession.
Donald Trump is wisely and rapidly dismantling the climate change industrial complex. Of all his pro-growth economic policies, there may be none with a higher longtime payoff than his recent order to repeal the mother of all costly regulations: the anti-fossil fuels “endangerment rule” taxing carbon dioxide emissions. The cost of that regulation had been estimated to exceed $1 trillion over time.
We can’t recapture the $16 trillion wasted on a false crisis. Sunk costs are, alas, sunk. But we can stop the madness of actually believing that politicians who can’t even pay off the balance on their credit cards can somehow change the world’s temperature.
Stephen Moore is a senior fellow at The Heritage Foundation and an economist at FreedomWorks. This article was sourced HERE
12 comments:
You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all the people all the time Is certainly coming true. Slowly but surely people are waking up but not before New Zealand’s political idiots continue to drive up power bills with their green energy fantasies to solve a problem that doesn’t exist.
The heritage foundation methodology and calculation of costs and economic benefit of mitigating and adapting to climate change has been debunked already.
As Dr Will Happer said, more CO2 greens the planet and increases food supply in poor countries.
By whom? And anyway it’s not important, what is important is the removal of the Maori seats, ASAP
We have a Minister of Climate Change. Think about that.
Tim Ball, the Canadian professor, raged about this total con, its cost and the lifestyle gravy train it provided along with their hangers on.
I cringe every time our lot race off to the annual COP junket and add up their fossil fuel usage. Just hypocrites in my mind. A lot of busy bodies achieving nothing when we could have spent the money among other things in sorting out our basics, like cleaning waterways for a start.
Happer’s claims have also been debunked. It’s like a fossil fuel apologist brother industry has spawned in order to cling to the status quo, while the world burns. Follow the money people, you’re being had.
Climate Alarmism.
The Y2k Bug.
and
The Covid Pandemic Response.
These make up the Big Three of the biggest "BS" scams in my lifetime.
Related scams also include.
Recycling.
Heat Pumps and Solar Panels
EVs
And the Insurance industry in general.
The CO2 claims have been discredited. Now the alarmists are moving on to water shortages and excessive nitrogen as their next assignments
To provide some context, in his book "False Alarm" Bjorn Lomborg made a comment about New Zealand's rush to renewables.
He calculated that if New Zealand went totally renewable the amount of electricity generated would supply the world for seven seconds.
The simple fact is that although emissions can be measured no correlation has been identified between them and climate change. Millions of years of change were going on before humans were present.
We have a Minister of Climate Change.
YES !! And he has single handed changed the money around, and giving me a middle name.
Peter Denier V
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