“According to an IPCC report, a carbon tax as high as $5,500 per ton of CO2 would be necessary to lower the rate of global temperature change to the target 1.5 degrees Celsius by 2030. ”
That would mean the average American would have to pay over $40,000 more per year for energy.
While newly-elected House Democrats call for a Green New Deal (GND) to tackle global climate change, thousands of Parisians are taking to the streets in violent protest of French President Emmanuel Macron’s proposed fuel tax. Based on their demands, the so called “gilets jaunes,” are no Tea Party-like activists, but their response to elitist climate policies may be cause for alarm for Democrats wishing to implement similar policies in the United States. House Democrats take note– these protests have left quite the carbon footprint.
While France claims to be a leader in the fight against climate change, the nation’s citizens are revolting against the mere baseline for climate mitigation policies. French drivers currently suffer a gas tax that amounts to roughly $6.57/gallon in U.S. dollars. President Macron put his proposed gas tax increases on hold, but that’s not the point.
Even if current limitations on alternative energy were overcome, the tax increases championed by environmentalists are nowhere near levels that would actually lower global temperatures.
According to an IPCC report, a carbon tax as high as $5,500 per ton of CO2 would be necessary to lower the rate of global temperature change to the target 1.5 degrees Celsius by 2030. This is way beyond the $15-50 cost per ton of CO2 that “modest” carbon tax plans propose.