and read to the end will greatly increase your A/C and heating costs.
https://www.instituteforenergyresearch.org/fossil-fuels/gas-and-oil/gasoline-prices-under-the-green-new-deal-would-reach-13-per-gallon/Many of the Democrats running for President in 2020 support the Green New Deal that was introduced by Representative Alexandra Ocasio-Cortez of New York and Senator Markey of Massachusetts. The Green New Deal, however, would require a $10 tax increase on a single gallon of gas, according to a study by the CO2 Coalition. Key to the Green New Deal is the goal of eliminating gasoline-powered vehicles in favor of electric vehicles. But in order to make electric cars desirable to consumers gasoline prices would have to increase to $13 per gallon. Such a tax would undoubtedly harm consumers and the U.S. economy.
The Cost of Transitioning to Electric Vehicles
The authors of the study find that a carbon tax of about $1,000 per metric ton of carbon dioxide or roughly $10 per gallon of gasoline would be needed for electric cars to compete with conventional ICE vehicles based on the full cost of ownership and operation of the vehicle. They estimate that it costs about $2,700 more per year to use an electric car instead of a conventional car, which would save about 2,700 kilograms of carbon dioxide. As a result, each metric ton of carbon dioxide not emitted costs about $1,000.
A $10 carbon tax on gasoline added to today‘s gasoline price of about $3 per gallon would make gasoline cost about $13 per gallon at the pump. Note that that price is two to three times what Europeans pay for petroleum-based transportation fuels, which on average total $5 to $6 per gallon for gasoline and $4 to $5 per gallon for diesel. Europeans typically drive somewhat smaller gasoline and diesel-powered cars than Americans.
The Cost of Transitioning Electric Generation to Renewables
The authors estimated the carbon tax needed to replace natural gas generation with wind or solar power. Assuming that electricity generated from natural gas costs about 4 cents per kilowatt hour, adding a $40 tax on carbon dioxide would increase the cost of natural gas generation by about 25 percent. A carbon tax of $40 per metric ton probably would reduce energy consumption slightly at the margin, but is nowhere near high enough to bring about a significant substitution of renewable fuels. To compete with natural gas for power generation, the authors find that onshore wind turbines would need a tax of around $200 per metric ton and solar PV power generation would require a tax of over $500 per metric ton.
Conclusion
The Green New Deal would cripple the U.S. economy by requiring carbon taxes ranging from $200 to $1000 per metric ton to spur replacement of current technologies in the transportation and electric generating sectors. If the United States were to implement carbon taxes of this nature, Americans would be devastated financially. And, given that the United States emits about 15 percent of global carbon dioxide emissions compared to China which emits 28 percent of the world total, U.S. reductions would have little impact on global atmospheric concentrations. According to China’s commitment to the Paris Climate agreement, the country will not begin to reduce carbon dioxide emissions until after the year 2030.
Most Americans would find $13 per gallon gasoline unacceptable. The impacts on households and businesses of all kinds would be enormous. A quadrupling of gasoline prices would plunge the U.S. economy into a deep recession. Policymakers should understand the consequences of their proposals.
https://www.instituteforenergyresearch.org/fossil-fuels/gas-and-oil/gasoline-prices-under-the-green-new-deal-would-reach-13-per-gallon/The green deal is from the
UN 2030 Agenda. Goal 7) Ensure access to affordable, reliable, sustainable and modern energy for all
Translation: Penalize coal, gas and oil while pushing doomed-to-fail "green" energy subsidies to brain-dead startups headed by friends of the White House who all go bankrupt in five years or less. The green startups make for impressive speeches and media coverage, but because these companies are led by corrupt idiots rather than capable entrepreneurs, they always go broke. (And the media hopes you don't remember all the fanfare surrounding their original launch.)
https://www.naturalnews.com/051058_2030_Agenda_United_Nations_global_enslavement.html
