No Global Carbon Tax

The Paris agreement that went underway was a scandal.

Developed countries are now expected to pay developing countries $100 billion worth of renewable energy subsidiesevery year. What this really means, of course, is a transfer of money from the poor people in rich countries to the rich people in poor countries.

[caption id="attachment_3647" align="alignright" width="300"]1f02dd543e46c1e955b5c647c212072d Bill Leak, The Australian. Demonstrating how useful our subsidies will be when they reach developing countries.[/caption]

It will be an unnecessary strain on developed countries, whose taxpayers can hardly afford to pay for more mistakes from their politicians. Leaders are taking the path that is easier for them, but harder for us, by taxing carbon. Instead of making carbon more expensive – which not only punishes the wrong people but doesn’t actually work, environmentalist Bjorn Lomborg  says we should be looking at making green energy as cheap as possible. This means more market activity and less stifling regulation, neither of which were addressed in Paris.

Furthermore, this money will do little or nothing to alleviate actual poverty and will condemn people in developing countries to manage unprofitable industries. Let’s say hypothetically, the taxpayers of all the OECD countries had to fork out $100 billion a year to developing nations. That money could be spent on health, education or business initiatives that might actually do some good to local economies. Instead, proposed funding is going towards renewable energy sources, which are proven to be the most expensive energy option and will not adequately cater towards regions with an increasing energy demand.

This is perfect way for world leaders to pat themselves on the back by throwing subsidies towards developing nations. They fail to realize that developing nations will be not be better off with first world subsidies, but with less restrictions on using the cheapest energy sources available. They fail to realize that their excessive spending will have almost no positive economic impacts on developing populations but will come at an unnecessary cost to us.

They plan to take our money and to spend it in the most useless way possible.

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