'Compliance must be enforced'
The World Economic Forum have released a paper claiming that crippling fuel prices are to 'save democracy'. The WEF's paper inexorably links two claimed global crises as one – “climate change” and the “decline of democracy.”
It says fighting the former can save the latter as long as consumers stop burning coal, oil, and gas in exchange for green renewables.
The WEF paper argues for the past 15 years, democracy has been in decline worldwide. To protect and promote freedom, “leading democracies must strengthen their economies and safeguard liberty.”
It goes on to say ignoring progress toward a “low-carbon economy could put democracies in greater economic peril, not less” while repeating the broader demand of environmental activists for companies to stop investing fossil fuels.
The paper goes on to claim:
First, leading democracies should agree to end the underpricing of fossil fuels, which is the principal factor preventing a clean energy transition. The underpricing associated with producing and burning coal, oil and gas amounted to $5.9 trillion in economic costs in 2020. Nearly a quarter of these losses – $1.45 trillion – occurred in 48 major and smaller democracies.
The leading democracies of the G20 should collectively commit to phasing out cost and tax breaks for the production and consumption of fossil fuels. They should also phase in more efficient pricing of fossil fuels through taxes or tradable permits to cover the costs of local air pollution, global warming, and other economic damages.
Then goes on to say that compliance can and must be enforced.
Taxes can be imposed on carbon-intensive imports to reduce the risk of unfair competition for their domestic industries “and to deter companies from relocating overseas to avoid compliance at home.
Forcing other economies to reform their under-pricing of fossil fuels to avoid the penalties imposed by the policy should also be actively pursued, according to the WEF, with U.S. President Joe Biden already committed to punishing the fossil fuel industry out of existence.
In the UK, a similar policy is enforce, with a massive 53p a LITRE green tax designed specifically to price ordinary people out of their cars. How any of this can claim to be about democracy is a sick joke, it is the very antithesis of it. The automobile is one of the great levellers of society, giving freedom to millions of ordinary people, Schwab's plan is the exact opposite of that.