Tuesday, August 5, 2014
It's about the Money, Not the Climate
By Alan Caruba
Oscar Wilde (1854-1900), the Irish poet and dramatist, wrote “Pray don't talk to me about the weather. Whenever people talk to me about the weather, I always feel quite certain that they mean something else.”
These days, when some world leader or politician speaks of the climate—the weather is what is happening right now wherever you are—they are not talking about sunshine or rain. They are talking about a devilishly obscene way of raising money by claiming that it is humans that are threatening the climate with everything they do, from turning on the lights to driving anywhere.
That’s why “global warming” was invented in the late 1980s as an immense threat to the Earth and to mankind. Never mind that Earth has routinely passed through warmer and cooler cycles for billions of years; much of which occurred before mankind emerged. And never mind that the Earth has been a distinct cooling cycle for the past seventeen years and likely to stay in it for a while. If the history of ice ages is any guide, we could literally be on the cusp of a new one.
If, however, a government can tax the use of energy, it stands to make a lot of money. That is why carbon taxes have been introduced in some nations and why the nearly useless “clean energy” options of wind and solar have been introduced even though they both require the backup of traditional coal, natural gas and nuclear energy plants because they cannot produce electricity if the wind isn’t blowing and the sun is obscured by clouds.
Taxing energy use means taxing “greenhouse gas” emissions; primarily carbon dioxide (C02) so that every ton of it added to the atmosphere by a power plant and any other commercial activity becomes a source of income for the nation. The Australians went through this and rapidly discovered it drove up their cost of electricity and negatively affected their economy so much that they rid themselves of a prime minister and the tax within the past year.
Fortunately, every effort to introduce a carbon tax has been defeated by the U.S. Congress, but that it has shelled out billions for “climate research” over the years. That doesn’t mean, however, that 41 demented Democrats in the House of Representatives haven’t gotten together in a “Safe Climate Caucus” led by Rep. Henry A. Waxman. The Washington Post reported that when it was launched in February 2013, the members promised to talk every day on the House floor about “the urgent need to address climate change.”
Check out the caucus and, if your Representative is a member, vote to replace him or her with someone less idiotic.
When you hear the President or a member of Congress talk about the climate, they are really talking about the scheme to generate revenue from it through taxation or to raise money from those who will personally benefit from any scheme related to the climate such as “clean energy.”
The need of governments to frighten their citizens about the climate in order to raise money is international in scope. A United States that has a $17 trillion debt is a prime example, much of it due to a government grown so large it wastes taxpayer’s money in the millions with every passing day whether it is sunny or rainy, warm or cold.
In late July, Reuters reported that Christine Lagarde, the chair of the International Monetary Fund, (IMF) opined in her new book that “energy taxes in much of the world are far below what they should be to reflect the harmful environmental and health impact of fossil fuels use.”
Please pay no attention to the billions of dollars that coal, oil and natural gas already generate for the nations in which they are found. Nations such as India and China are building coal-fired plants as fast as possible to provide the electricity every modern nation needs to expand its economy, provide more employment, and improve their citizen’s lives in every way imaginable.
“For the first time,” Reuters reported, “the IMF laid out exactly what it views as appropriate taxes on coal, natural gas, gasoline, and diesel in 156 countries to factor in the fuel’s overall costs, which include carbon dioxide emissions, air pollution, congestion and traffic accidents.” The problem with this is that the costs cited are bogus.
“Nations," said Lagarde, "are now working on a United Nations deal for late 2015 to rein in greenhouse gas emissions that have hit repeated highs this century, but progress has been slow as nations fret about the impact any measures may have on economic growth.” As in bad impacts!
Ignore the claims that carbon dioxide affects the climate. Its role is so small it can barely be measured because CO2 represents 380 parts per million. When our primate ancestors began to climb down out of the trees, CO2 levels were about 1,000 parts per million. More CO2 means more crops, healthy growing forests, and all the other benefits that every form of vegetation provides. The breath we humans exhale contains about 4% of CO2.
The fact is that the United States and other nations are being run by politicians who are incapable of reducing spending or borrowing more in order to spend more. Venezuela just defaulted again on the payment of bonds it issued to raise money. They did this in 2001 and one must wonder why any financial institution purchases them.
There are eleven other nations whose credit ratings are flirting with big trouble. They include Greece, Ukraine, Pakistan, Cypress, and in the Americas Argentina, Venezuela, Cuba, Ecuador and Belize. Borrowing by such nations is very expensive. A U.S. Treasury Note pays an annual coupon of just 2.5%, but the yields on 10-year bonds issue by Greece reached 29% in early 2012, just before it defaulted.
Adding to problems in the U.S. is the Obama agenda being acted upon by the Environmental Protection Agency whose “war on coal” has shuttered several hundred plants that produce the electricity needed to maintain the economy. In coal producing states this is playing havoc and it is driving up the cost of electricity in others.
The growth of oil and natural gas production in the U.S. is almost entirely on privately owned land as opposed to that controlled by the government. Supporting the attack on energy are the multi-million dollar environmental organizations like Friends of the Earth and the Sierra Club.
There is no “global warming” and the climate is determined by the Sun, the oceans, clouds, and volcanic activity. Nothing any government does, here and worldwide, has any impact on it, but if nations can demonize the use of energy and tax the CO2 it produces, they can generate more money to spend and waste.
The lies that governments, the United Nations, and the International Monetary Fund tell about the climate are about the money they can extract from citizens who must be kept frightened enough to pay taxes on their use of energy.
© Alan Caruba, 2014