What’s The Pricetag Of “Decarbonizing” The Energy Sector?

Members of the Cult of Climastrology have stated time and time again that their plans for the energy sector will pay for itself, and lead to tons of “good paying jobs” and that everything will be Utopia. Might they be engaged in a bit of mule fritters?

(CNBC) The world’s historic effort to reduce carbon emissions is likely to be a costly if not quixotic endeavor, according to one expert, whose recently published research warns that decarbonizing the globe could have devastating consequences on the world’s way of life.

In a report published this week, the International Energy Agency issued a call for “concrete action” to match the ambitions of last year’s landmark climate change agreement, which was recently ratified by nearly 200 countries. The energy watchdog said the transition to a low-carbon future would require “massive changes in the energy system” to prevent the globe’s temperature from rising by more than 2 degrees Celsius.

Yet the agency also put a steep price tag on efforts to combat climate change. In order to decarbonize the power sector within the next 40 years, the world would have to invest at least $9 trillion — and an additional $6.4 trillion to make other industries more environmentally friendly.

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Those vast sums are why M.J. Kelly, a University of Cambridge engineering professor, recently wrote that the push to restrict carbon “is set to fail comprehensively in meeting its avowed target, and a new debate is needed.” For that reason, Kelly is skeptical that initiatives like the 21st Conference of the Parties (COP21) in Paris will achieve its lofty goals.

Kelly is not a skeptic. He’s not even a luke warmer. He’s a believer in everything that the UN IPCC says.

In peer-reviewed research, Kelly argued carbon dioxide should be considered the byproduct of the “immense benefits” of a technologically advanced society. Cutting carbon, he added, could result in a dramatic reduction in the world’s quality of life that would usher in mass starvation, poverty and civil strife. Massive decarbonization is “only possible if we wish to see large parts of the population die from starvation, destitution or violence in the absence of enough low-carbon energy to sustain society.”

COP21 “will be an irrelevance within a few years,” Kelly said to CNBC via email, “as the the bills pile up, and … the promises are reneged upon.”

If you’re replacing inexpensive, abundant, reliable energy with unreliable, expensive energy, while implementing draconian Big Government controls and “solutions”, it’s going to effect people. Not the big wigs who make things like this happen. They’ll be OK. Folks like Gore, Obama, the other politicians and folks making a ton of money off pushing anthropogenic climate change. They’ll be set. The middle and lower classes will be, let’s say, screwed. Especially in Third World nations.

Not that Warmists care. And any protestation from them is countered by the fact that they push the policies that lead to the destruction of the middle and lower classes.

Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach.

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