Select your language

2a722f1532236b 540 210 0 601 3815 1488

The fight against global warming is not just overt political action, but also a lobbying clash. Fossil fuel producers are actively opposed to emissions reduction. Carbon dioxide emitters are also trying to torpedo emission reduction plans. It is easy to understand that both fossil fuel producers and CO2 emitters have a lot of money to lose. Together, they constitute 100% of our economy. Manufacturers of windmills and solar cells have much more modest resources. Considering these conditions, it is not surprising that although scientists have been warning against global warming for half a century, the effects of remedial actions are more than meager. TrumpPresident Donald Trump's decision to withdraw the United States from the Kyoto Protocol is a prime example of the strength of the combined forces of fossil fuel producers and CO2 emitters. According to data from 2014, the G20 countries spend $ 88 billion annually to subsidize the extraction of fossil fuels. Much of this business is state-owned. So the money flows the other way. Now, let's consider how the lobbying balance of power will change after the introduction of CAT. Only producers and importers of fossil fuels will be direct CAT taxpayers.DirtyThreeFossilFuelSubsidiesThey constitute at most 3% of the world economy. So those who benefit the most from poisoning our planet will have to pay the costs of decarbonizing the economy. Subsidies will flow not to fuel producers (as is the case so far), but to CO2 emitters, which account for 97% of our economy. So, to win with such powerful lobbyists as Gazprom or Exxon Mobil, we will need even more money for lobbying. It should be remembered that currently, the regulations do not take into account the fact that CO2 emitters are dependent on fossil fuels and do not have the necessary incentive and financial means to reduce them. The situation will change after the introduction of CAT, because from now on, CO2 emitters will have a real interest in investing in zero-emission energy sources. In this way, we can create a strong lobby to save the climate.

Comment on the article