Monday, July 11, 2022

World Economic Forum: Gas Prices Must Go Even Higher — to Save Democracy

Climate Change and the Decline of Democracy

  • The World Economic Forum (WEF) has linked two claimed global crises as one
  • Climate change and the decline of democracy
  • Fighting the former can save the latter as long as consumers stop burning coal, oil and gas in exchange for green renewables
  • Leading democracies should end the underpricing of fossil fuels, which is the principal factor preventing a clean energy transition
  • They should also phase in more efficient pricing
  • Compliance must be enforced
  • Collectively acting to foster a green transition is critical for protecting democracy
     
    1. It goes on to say ignoring progress toward a low-carbon economy could put democracies in greater economic peril, not less while repeating the broader demand of environmental activists for companies to stop investing fossil fuels.
    2. Forcing other economies to reform their under-pricing of fossil fuels to avoid the penalties imposed by the policy should also be actively pursued, according to the WEF, with U.S. President Joe Biden already committed to punishing the fossil fuel industry out of existence.
    3. 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.
    4. First, leading democracies should agree to end the underpricing of fossil fuels, which is the principal factor preventing a clean energy transition.

 

https://www.breitbart.com/environment/2022/07/11/world-economic-forum-says-democracy-is-dying-ditch-fossil-fuels-and-save-it/ 

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