Economists: Greta Thunberg's Ideal World Would Result In A "Human Tragedy Of Disastrous Proportions" | WHAT REALLY HAPPENED

Economists: Greta Thunberg's Ideal World Would Result In A "Human Tragedy Of Disastrous Proportions"

Whether you were inspired by Greta Thunberg's tearful UN speech...

.... or merely thought it was the year's greatest meme, in which an indoctrinated, emotionally frail child is being preyed upon by adults with a far bigger and more lucrative agenda, you probably do not realize how much your everyday life could change if the world were to follow the advice of climate activists to attain Thunberg's ecological utopia.

To provide some perspective on that question, several economists spoke to RT to share their thoughts out how the proposed changes could affect the global economy and the daily lives of people around the world.

Fossil fuels

The first thing that comes to mind to stop reported global warming is to impose a carbon tax and divest from the fossil fuel industry, as this sector is one of the major contributors to greenhouse gas emissions. However, "a carbon tax and/or forced divestiture from fossil fuels would ultimately make the kind of cheap, varied and efficient transportation that people around the world are accustomed to extremely expensive and more limited," warns Peter C. Earle, an economist at the American Institute for Economic Research.

Apart from public transport, cars could also become less accessible to most individuals. So if you drive to work without a second thought, the carbon tax could suddenly double or triple the cost of your daily trip, leaving tens of millions of people cut off from their livelihoods, according to the analyst.

Reducing greenhouse gas emissions can have much more serious economic implications, Dr Pierre Noël, Senior Fellow in Economic and Energy Security at the International Institute for Strategic Studies (IISS), told RT.

"It supposes to reorient consumption and investment choices away from what people and businesses would spontaneously do," he said. While switching to renewable energy could be seen as a welcome change, the ultimate reduction of emissions can take years and would lead to major economic challenges.

Webmaster's Commentary: 

My late first cousin, who was a very smart guy, used to mention that if the US government really wanted to create an alternative fuel which was infinitely less polluting than fossil fuel, it could actually do so, and I think that in the future, this will be possible.

But there has to be a "will" before "a way" can be found to do this, and I would suggest melding the brightest scientific minds in both the university community and the corporate community, with generous grants, and scholarships, with benchmarks that had to be proven before a next round of experimentations could be done, would be an incredible way to go for accomplishing this.

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA