5 Deeply Regressive Policies Of The Modern Green Movement

Raising The Price Of Everything To Devastate The Poor

A green solution to global warming is spending lots of money on wind and solar power while banning conventional energy sources that emit carbon dioxide (CO2). This could cause the price of electricity to spike, harming poor people.

The price of everything that uses electricity spikes when power costs increase. Poorer people tend to spend a higher proportion of their incomes on basic needs, like groceries, power bills, clothing, housing and gasoline than wealthier people. A 2009 study by the National Bureau of Economic Research found green policies would make the tax burden of the poorest households three times greater than the richest households.

A slew of impending and costly global warming policies will ultimately harm the world’s poor, according to a growing number of academics.

Even the Intergovernmental Panel on Climate Change assumes in its various scenarios that the people of 2100 will be between three and 20 times wealthier than people of today, despite assuming the worst possible impacts of global warming. Reducing emissions today for the benefit of people in 2100 is transferring money from the poor to the rich.

Extreme global warming of 2.5 degrees Celsius by 2100 is estimated by economists to reduce the average person’s buying power by a mere 1.3 percent. That’s less than the average annual rate of economic growth. This means that existing environmental regulations already do more damage to the average person’s buying power than the worst case global warming scenarios.