Poor Support For Climate Change Costs
Thirty-nine percent said they would not spend one dollar more than they already spend annually on gas or electricity to mitigate the effects of climate change. A further nine percent said they would spend as much as $10 more per year on gas an electricity on account of policies to mitigate climate change. (1)
Other key findings:
- A clear majority of 56 percent said they were unlikely to spend extra money to replace a gas powered car with an electric vehicle, with 41 percent very unlikely and 15 percent somewhat unlikely to do so.
-
When asked to rate the importance of climate change on a spectrum compared to other issues it rated 11th on a list of 13. Climate change trailed other issues, including jobs and the economy, immigration and border security, crime, and rising energy prices. (1)
President Joe Biden has set the goal of creating a carbon pollution free power sector by 2035 and net zero emissions economy by no later than 2050. This target will be prohibitively expensive.
A recent Nature study shows the cost of 95 percent reduction by 2050, almost within reach of Biden’s net zero, would amount to 11.9 percent of GDP or more than $11,000 dollars for each American every year. (2)
Based on the recent CEI poll, the obvious question is who will pay for the net zero emissions goal?
The President would be well advised to not repeat what has failed the last two decades. One good example is Germany.
Germany has been held up as an example to the world for their ‘energy transition,’ but as it turns out, their experience has created chaos for producers and consumers, while threatening the German economy.
Germany’s vision of a clean, environmentally friendly energy system, all to be discreetly nestled in an idyllic landscape, is in reality morphing into an environmental dystopia of catastrophic proportions, reports Pierre Gosselin. (3)
A recent scathing report on renewable energy makes readers aware that Germany’s Energiewende- the mandated transition to renewable energy- was and continues to be expensive, making the country’s residential electricity prices the highest in Europe and costing the country billions in future network costs, as well as exposing the country to energy supply shortfalls that puts it at a risk for blackouts. (4)
Another study found that a whopping 525 billion Euros will be needed by 2025 to upgrade the power grid. (5)
Header image: Competetive Enterprise Institute
References
1. Kent Lassman and Myron Ebell, “New CEI poll: four in ten Americans unwilling to spend $1 annually on higher gas and electricity prices to mitigate the effects of climate change,” cei.org, October 14, 2021
2. Bjorn Lomborg, “Climate fix needs research, not promises,” palmbeachpost.com, October 16, 2021
3. P. Gosselin, “Germany’s enviro-dystopia: wind parks devastating rural regions at catastrophic proportions,” notrickszone.com, December 1, 2020
4. “Germany energy taxes to go green with Energiewende lead it to go bust,” naturalgasnow.org, April 15, 2001
5- P. Gosselin, “Explosive German Government Audit Report ‘Energiewendie’ has become a danger for all of Germany,” co2coalition.org, March 31,2021
Please Donate Below To Support Our Ongoing Work To Defend The Scientific Method
PRINCIPIA SCIENTIFIC INTERNATIONAL, legally registered in the UK as a company 
incorporated for charitable purposes. Head Office: 27 Old Gloucester Street, London WC1N 3AX.
Trackback from your site.