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First, leading democracies should agree to end the underpricing of fossil fuels, which is the principal factor preventing a clean energy transition. The underpricing associated with producing and burning coal, oil and gas amounted to $5.9 trillion in economic costs in 2020. Nearly a quarter of these losses – $1.45 trillion – occurred in 48 major and smaller democracies.
The leading democracies of the G20 should collectively commit to phasing out cost and tax breaks for the production and consumption of fossil fuels. They should also phase in more efficient pricing of fossil fuels through taxes or tradable permits to cover the costs of local air pollution, global warming, and other economic damages.
By delaying a clean energy transition, leading democracies are making their economies more vulnerable through continued reliance on fossil fuels. Collectively acting to foster a green transition is not only good for the climate but also critical for protecting democracy.
originally posted by: Kocag
I would guess that these people are leading by example and not using fossil fuels in the cars or planes.
originally posted by: karl 12
a reply to: TonyS
Don't think the WEF give a toss about democracy Tony.
That's why they themselves are 'unelected' and 'unaccountable'.
For what it's worth there's an old VHS video here where the WEF is being discussed in relation to 'the controlled demolition of first world economies'.
originally posted by: shooterbrody
a reply to: TonyS
Oh
So they were in on the dnc plan?
originally posted by: SleeperHasAwakened
The Reset Engineers have been doing everything in their power to make energy more expensive since at least the early 2000's.
originally posted by: Thrumbo
At the current rate of consumption, the world's oil supply (literally the estimated amount of oil in planet earth) will be exhausted in 40 years.
I think that's a pretty good reason to ween off of oil, regardless of where anyone stands politically and regardless of clean energy being a liberal "agenda".
20 years ago, in 1998, Scientific American published a paper by Colin J. Campbell and Jean H. Laherrère titled “The End of Cheap Oil” [1], starting a debate on oil depletion continuing to the present day. It was the return of a viewpoint on oil depletion which had been proposed more than 40 years before by Marion King Hubbert [2] and, in later years, largely forgotten. In their paper, Campbell and Laherrère updated Hubbert’s model with new reserve estimates and proposed that the world’s crude oil production would peak around 2004–2005, and then start an irreversible decline. Shortly afterward, Colin Campbell proposed the term “peak oil” for the highest global oil production level. The term was to become popular over the following decade, generating a true movement of ideas sometimes called the “peak oil movement.” Today, these predictions turn out to have been only partially correct, mainly because the role of “non-conventional” oil was underestimated. The peak oil movement seems to have faded away, while the concept seems to have disappeared from the debate and to be commonly described has having been “wrong.”
originally posted by: TonyS
Yea, you read that correctly. The WEF has now declared that in order to preserve "Democracy" Fuel and energy prices should be higher. It's a complicated read and somewhat disingenuous in its presentation but basically they are calling for an end to any and all tax credits for oil, gas and coal production along with higher taxes. This isn't new; basically this is the same idea as "right" pricing fossil fuels based upon their carbon content.
www.weforum.org...
First, leading democracies should agree to end the underpricing of fossil fuels, which is the principal factor preventing a clean energy transition. The underpricing associated with producing and burning coal, oil and gas amounted to $5.9 trillion in economic costs in 2020. Nearly a quarter of these losses – $1.45 trillion – occurred in 48 major and smaller democracies.
The leading democracies of the G20 should collectively commit to phasing out cost and tax breaks for the production and consumption of fossil fuels. They should also phase in more efficient pricing of fossil fuels through taxes or tradable permits to cover the costs of local air pollution, global warming, and other economic damages.
There are 3 more provisions you can read about at the link, all of which would severely increase the price of fossil fuels across the board. They justify this with this statement.
By delaying a clean energy transition, leading democracies are making their economies more vulnerable through continued reliance on fossil fuels. Collectively acting to foster a green transition is not only good for the climate but also critical for protecting democracy.
A key point in this of course is that fossil fuels are presently "underpriced". Of course, US consumers are presently paying the "market" price for these fuels. Apparently the "market price" is too low for the WEF.
My question is, how long, weeks, days, months, before we see the Biden administration take regulatory behavior to comply with this WEF edict? How about an Executive Order?
originally posted by: karl 12
a reply to: TonyS
Don't think the WEF give a toss about democracy Tony.
That's why they themselves are 'unelected' and 'unaccountable'.
For what it's worth there's an old VHS video here where the WEF is being discussed in relation to 'the controlled demolition of first world economies'.
originally posted by: Thrumbo
At the current rate of consumption, the world's oil supply (literally the estimated amount of oil in planet earth) will be exhausted in 40 years.
I think that's a pretty good reason to ween off of oil, regardless of where anyone stands politically and regardless of clean energy being a liberal "agenda".
originally posted by: Thrumbo
At the current rate of consumption, the world's oil supply (literally the estimated amount of oil in planet earth) will be exhausted in 40 years.
I think that's a pretty good reason to ween off of oil, regardless of where anyone stands politically and regardless of clean energy being a liberal "agenda".