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THE CLIMATE NOOSE BUSINESS, NET ZERO AND THE IPCC'S ANTICAPITALISM

April 27, 2020
By Rupert Darwall

The imposition of unilateral climate policies on business and industry in Europe will have a devastating effect on any economic recovery from COVID-19.

In this study, Rupart Darwal, former special advisor to the United Kingdom’s Treasury, points out the developed world’s pre-pandemic carbon dioxide emissions accounted for only one quarter of global emissions. As such, Darwall writes, “It is naïve as well as futile to think the tail of the West’s emissions is going to wag the global climate dog.”

In addition, research indicates the U.N. Intergovernmental Panel on Climate Change’s proposal to reach net zero carbon dioxide emissions by 2050 will imposed 60 times more costs on economies participating than any climate benefits that would conceivably result.

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