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by Drieu Godefridi • March 21, 2024 at 5:00 am Climate, of course, is a global issue: if Europe reduces its emissions to zero, while the rest of the world continues to increase them, the effect on the climate will be zero. As a result, the German plan will not save a single euro in terms of the damage caused by global warming and extreme events. So, the investment needed each year would not be €1.5 trillion invested to save 0.03% of GDP per year. It would be €30 trillion — €1.5 trillion per year for 20 years — invested to change absolutely nothing in the climate of Europe. There are no serious analysts left who still maintain that the objective of the Paris Agreement will be achieved; the Paris Agreement is obsolete and to pretend otherwise, as the European Commission is doing, is misleading, irresponsible, and not even scientific. In practical terms, whole swathes of our populations have entered into a pattern that is the ultimate dream of environmentalists: degrowth. In other words, their impoverishment. Ironically, if the IPCC's projections are to be believed, global warming may occur, and we will adapt to it through innovation. All the resources that Europe is burning up in a phantasmatic "energy transition", which has failed and will fail -- will just burn through money that we will then not have for innovation. What will Europe do when these misguided ideologies have permanently broken the back of its economy?
Climate is a global issue. If Europe reduces its emissions to zero, while the rest of the world continues to increase them, the effect on the climate will be zero. As a result, the German plan will not save a single euro in terms of the damage caused by global warming and extreme events. Pictured: Anti-nuclear power protesters celebrate the shuttering of Germany's last nuclear power plants on April 15, 2023 in Munich, Germany, and call for banning nuclear power across Europe. (Photo by Johannes Simon/Getty Images) In a preparatory impact report, a copy of which has been obtained by the Financial Times before official release, the European Commission estimates that to achieve the target of reducing greenhouse gas emissions by 90% by 2040 then 100% in 2050 — the main objective of the "European Green Deal" — Europe will need to invest €1.5 trillion a year from 2031 to 2050. 1.5 trillion euros a year. That is equivalent to 10% of the Europe Union's entire GDP for 2022 -- every year! Apart from a war effort, there is no objective of any kind that has ever required the diversion of 10% of a continent's GDP by political decree. The new German utopia This number shows us that, while Germany has had to give up imposing its hatred of nuclear power on its European partners, it is determined to inflict on Europe the rest of the environmental utopia, i.e. total decarbonization, even at the cost of economic collapse and freedoms. Continue Reading Article |
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