|The EU and California want to cash in on climate change|
|Written by Kristin McMurray|
|Thursday, 07 October 2010 16:12|
This is unbelievable—the European Union has decided that increasing its co2 reduction target to 30% will help the economy. I'm not sure how they came to this conclusion, or by how much they think the economy will increase. Perhaps, they actually meant that tax revenue will sky rocket and the government will be much better off?Or maybe they meant that the government and organized crime will benefit from the new emissions targets. After all, last year organized crime made a whopping $7.4 billion from carbon credit fraud.
It is the same kind of pigheadedness we're seeing in California. AB32, the state's carbon emissions law, would require carbon emissions reduced to 1990's levels and claims it will create 500,000 "green jobs." Many are flat-out ignoring that 20 percent of California's workforce relies on fossil fuels, that implementation of the law would increase energy costs by $4,000 per family, and cost small businesses $50,000 annually.
One thing is for sure—businesses and working class families will bear the brunt of this regulation. We know this because we've seen the results of a "green economy" is Spain, which lost an average of 2 jobs for every green job and country's unemployment rate shot up to 17 percent.
What will it take for governments to see the light? Oh wait, they've regulated that too.
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