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Posts Tagged ‘Net-Zero Emissions’

Net-Zero Policies: Taking From The Poor And Giving To The Rich | ZeroHedge

Posted by M. C. on November 21, 2021

Translation: achieving net-zero will likely require putting mortgages out of the reach of working-class families unless they “upgrade” their homes to make them less carbon-intensive. And the government does not fancy providing any support for such upgrades.

Net Zero = achieving the impossible: perfection.It is also a great rationale to keep the money flowing to the big boys.

Tyler Durden's Photoby Tyler Durden

Authored by Cian Hussey via The Epoch Times,

It is too often overlooked in all the discussions about the “transition” to a net-zero emissions economy that the most consequential transition is that from democratic capitalism to feudal serfdom.

This is the conclusion of American demographer and “blue-collar Democrat” Joel Kotkin, who has highlighted that the supposedly well-intentioned green policies being adopted across the West come at enormous expense to the working- and middle-classes.As Kotkin wrote in ‘Spiked’ earlier this year, “extreme climate measures have driven the loss of traditional blue-collar jobs in manufacturing, construction and energy, while other environmental regulations have boosted housing prices.”Kotkin’s thesis is that the West is on the road to serfdom. Rather than maintaining our capitalist societies where a large, asset-owning middle-class underpin a stable democratic system, we are becoming stratified feudal societies.Home and small business ownership are declining, especially among the young and the less well-off, a group of technocratic elites are establishing themselves as permanent rulers in the apparatus of the administrative state, and corporate oligarchs are coming to dominate both the economy and broader society.People view artist Luke Jerram’s new ‘Floating Earth’ Debuts In Wigan, England, on Nov. 18, 2021. (Christopher Furlong/Getty Images)This transition has been occurring for some time, but it has been accelerated by the COVID-19-inspired lockdowns and the zeal with which Western governments have thoughtlessly adopted net-zero emissions targets.Both play out as an aggressive form of reverse Robin Hood asset stripping, taking from the poor and giving to the rich.Australia is now officially committed to a net-zero emissions by 2050 target.But beyond the slogan “technology not taxes,” the Australian people do not know how the government plans on achieving its newfound ambition.The UK Treasury, by contrast, recently released a Net-zero Review report (pdf) which provides some detail of how the UK government expects to reach net-zero.The report includes a surprisingly honest admission from the bureaucracy: “The costs and benefits of the transition to a net-zero economy will ultimately pass through to households through a range of different channels.”It includes a helpful chart that shows that, regardless of the specific policy or mechanism, the costs of net-zero will always fall on households, that is, everyday mums, dads, and workers.This insight is evident to many but is too often obfuscated.The slogan “technology not taxes” is not only meaningless but deceptive too. The range of taxpayer-funded schemes means higher taxes. Subsidising certain kinds of energy, electric cars, or solar panels means higher taxes. Requiring businesses to adopt technology they otherwise wouldn’t mean higher prices and less choice—effectively a tax by stealth.An electric car owner prepares to charge his car at an electric car charging station in Corte Madera, Calif., on Sept. 23, 2020. (Justin Sullivan/Getty Images)The report also notes that the “highest income households emit around three times as much carbon as the lowest income households.”But for all their calls for higher-income earners to “pay their fair share of taxes,” the political left doesn’t seem to ask for them to cut their fair share of emissions.In fact, all too often, “taking action on climate change” just means taking away the jobs, cars, electricity, food, and hobbies of the lowest-income households.The Telegraph newspaper in the UK, reporting on the Johnson government’s plan to get to net-zero, has noted that lenders could be forced to abide by targets for energy efficiency certification before they provide home loans.“This could mean more expensive mortgages for homes that perform badly, to encourage the take-up of measures such as wall or roof insulation,” the report said. “However, the government did not provide any extra measures to help support energy efficiency measures for homeowners, after the failure of its Green Homes Grant last year.”Translation: achieving net-zero will likely require putting mortgages out of the reach of working-class families unless they “upgrade” their homes to make them less carbon-intensive. And the government does not fancy providing any support for such upgrades.This is the kind of policy that will ultimately be required in Australia. Many homes and older apartments are poorly insulated and require, in the minds of climate zealots, too much heating in winter and too much cooling in summer, increasing their carbon footprint.A resident stands on a balcony of a public housing apartment in Redfern in Sydney, Australia, on Sept. 16, 2021. (Lisa Maree Williams/Getty Images)The effect is pernicious and regressive. The poorest households will be faced with the choice between paying even more for a home and being condemned to the renter class.Some on the political left have pointed out that Australia’s emissions reduction efforts to date have essentially been achieved by bribing farmers to not develop their land, but that to get to net-zero will require a far bigger bat.That is true. And Britain is showing exactly what this means.Homeownership will only be available to those able to afford certain kinds of technology. Car ownership will only be available to those who can afford expensive electric vehicles. Electricity will become more expensive, and gas could be banned.As Carlos Tavares, the head of car maker Stellantis, said recently, this will fundamentally change the West.

“I can’t imagine a democratic society where there is no freedom of mobility because it’s only for wealthy people [to own cars] and all the others will use public transport,” he said.

Kotkin’s predictions are now playing out in real time. He is one of a few disillusioned leftists who realise that when the largest corporations, banks, financiers, and technology companies, along with governments, align on a policy that voters never agreed to, it cannot be good for working people or democracy.

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UK Energy Crisis Shows Danger Of Net-Zero Emissions Policies: Aussie Senator | ZeroHedge

Posted by M. C. on September 30, 2021

“And so why would we seek to shut down our coal and gas industries which create an energy independence for us as a nation?”

Tyler Durden's Photoby Tyler Durden

Authored by Daniel Khmelev via The Epoch Times,

The push for Australia to legislate a net zero emissions target has spurred discord from some government officials who firmly believe the climate policy could harm Australia’s energy security and industry amid the UK’s own unravelling energy crisis.

Australia has faced criticism for not setting a 2050 net zero target—a goal already undertaken by many of the world’s developed countries, including the United States and the United Kingdom.But Nationals Senator Matt Canavan suggested that the UK’s unfolding energy crisis is a direct consequence of its “net zero” emissions plans via a shift to so-called renewables and banning coal power.

The UK has been trying to reach net zero. They’ve passed legislation to do that,” Canavan told 2GB radio.“They’re not there yet, but they’re on the path. And already down that path, they are seeing a situation where industry is being asked to shut down just to keep the lights on.”

Over the last 50 years, the UK has weaned itself of coal generation and become more dependent on gas as its primary source of electricity generation – much of which is imported from Europe.Further, heavy investment into renewables over the last decade has also boosted wind output, contributing to 24 percent of total generation in 2020.The United Kingdom’s coal, gas, nuclear and renewable energy consumption from 1965 to 2019. Source: Our World in Data. (The Epoch Times)However, the UK has recently experienced a 400 percent spike in gas prices, and a 250 percent price rise for electricity after a confluence of unforeseen factors throttled the country’s supply—including record low wind levels, a fire at a major France-UK electricity interconnector, nuclear plant outages, and a gas shortfall sweeping Europe.This has already led to the collapse of some energy providers while forcing other industries—such as steelmaking and manufacturing—to opt to shut down during peak hours to avoid paying exorbitant energy fees.Canavan cautioned against a repeat of the policies that have led to the UK crisis, saying he disagreed with the current “net zero” approach, which does not include nuclear, as the legislation could undermine Australia’s critical infrastructure.

“We should maintain the energy independence—we are lucky to have and grow our coal and gas production,” Canavan told The Epoch Times.

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