Comments by "Michael RCH" (@michaelrch) on "Channel 4 News"
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@crown9413
I think you just exposed yourself as not having an argument.
If you want to show that EVs and renewables are too costly (even if they are now cheaper than oil, gas and coal), go find the externalised costs of building EVs and solar panels and wind turbines and let's compare them against the $5 trillion ANNUALLY of subsidies and indirect subsidies for fossil fuels.
And the 18% figure is a cumulative loss of GDP every year at 2050. It isn't a running loss of 0.6% in one year. It is a cumulative drag on the economy that builds up every year to 18% cumulative loss of annual economic activity by 2050. In 2050 the economy will be 18% smaller that it would have been had we taken action. And as I said, the spending on action pays for itself! As per the CCC report
"This investment generates substantial fuel savings, as cleaner, more-efficient technologies replace their fossil-fuelled predecessors. In time, these savings cancel out the investment costs entirely "
And as I illustrated with the paper in Nature, it only gets worse from there.
As for carbon taxes, these are not costs to the economy! The economy is not 40% smaller because the government tax take is 4-% of GDP. Taxes redistribute money flows from one place to another. For example, in Canada the carbon tax is funds a monthly flat cash payment to households. It actually stimulates the economy because it is mostly the rich that pay it while the dividend goes to everyone equally, so the poorest get more money in their pocket, which they spend pretty much every penny of, driving economic activity.
Please just dial back your certainty on your opinions on this subject. There is a very powerful reason that the prevailing wisdom now says we have to act very fast on climate change. If you want to gainsay that, then get some evidence together for your arguments, because right now, all your arguments fail.
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