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Growing Body Of Experts And Academics Say Global Warming Policies Will Harm The Poor

A solar-powered light panel is seen inside a provisional camp for earthquake victims in Port-au-Prince September 30, 2010. Eight months after the magnitude 7 quake that shattered large parts of Port-au-Prince, killing up to 300,000 people, more than 1 million people left homeless by one of the world's worst disasters are still living in the camps and critics say reconstruction efforts have barely gotten under way. REUTERS/ Eduardo Munoz (HAITI - Tags: DISASTER ENVIRONMENT)

By Andrew Follett | The Daily Caller

A slew of impending and costly global warming policies will ultimately harm the people they most aim to help, according to a growing number of environmentalists and academics.

“Green taxes are mostly regressive — percentage-wise they affect and hurt the poor the most. Just look at Germany’s energy policy, the so-called Energiewende. It is failing the poor, while being a poor way to help the climate.” said Bjørn Lomborg, director of the Copenhagen Consensus Center, to the Daily Caller News Foundation. “Germany’s ‘renewable energies reallocation charge’ has contributed to electricity prices for households increasing 83% (in real terms) since 2000. This charge has increasingly reallocated money from the poor to the rich.”

Even the Intergovernmental Panel on Climate Change assumes in its various scenarios that the people of 2100 will be between 3 and 20 times wealthier than people of today despite assuming the worst possible impacts of global warming. Reducing emissions today for the benefit of people in 2100 is transferring money from the poor to the rich.

Extreme global warming of 2.5 degrees Celsius by 2100 is estimated by economists to reduce the average person’s buying power by a mere 1.3 percent. That’s less than the average annual rate of economic growth. Existing environmental regulations already do more damage to the average person’s buying power than the worst case global warming scenarios.

Studies by academics and think tanks generally conclude that environmentalist inspired public policy likely increases unemploymentslows economic growth, and often leads regulatory incentives which make the problem worse. Raising prices and reducing productivity via environmental regulation harms low-income individuals far more than it harms the wealthy.

Get the rest at TheDC

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