Since the start of the COVID-19 pandemic in early 2020 Global events show the uselessness of the government to make an empty promise to cut greenhouse gas emissions by almost half by 2030 and achieve "net zero" by 2050.
Prime Minister Justin Trudeau is at the forefront of making these unrealistic and fantasy promises, as governments around the world have made similar promises. , He is not the only one.
But in reality, the plunge in world emissions in modern times was due to two events unrelated to the United Nations climate treaty and carbon taxes.
The first is the global recession caused by the 2008-2009 subprime mortgage derivative scandal, a world that began with a major financial fraud on Wall Street. It led to a mortgage freeze.
During a recession, people spend less money to buy goods and services, resulting in lower emissions. Almost all of these are produced using energy produced from fossil fuels such as oil, natural gas and coal.
The second is a pandemic, where the government's pandemic restrictions on the economy have suddenly significantly reduced domestic and international trade and travel.
Similarly, global emissions are skyrocketing as the economy begins to recover from a pandemic and market demand for goods and services is stagnant, coupled with Russia's President Vladimir Putin's invasion of Ukraine. increase.
Given that Russia is a major supplier of oil and natural gas, industrialized nations from Asia to Europe struggle to increase production and imports and exports of oil, natural gas, and oil. doing. coal.
The use of coal, the most carbon-consuming fossil fuel, has increased dramatically, especially in Asia and Europe, promising future global emission reductions.
Many German-led European countries have abandoned coal-fired power plants for fear that global energy supply will decline, leading to fuel shortages this winter. Is starting.
All this means that global greenhouse gas emissions will continue to increase dramatically for the foreseeable future, but many countries, including Canada, will have unrealistic emissions in 2030 and 2050. We are announcing reduction targets.
Reality In less than two years from the start of the pandemic in March 2020 to the invasion of Putin in February 2022, 2030 and 2050 from all governments that signed the Paris Climate Agreement in 2015. All of our commitments to reduce emissions up to now are geopolitical and market power, so the Paris Agreement is meaningless.
Ironically, the global rise in energy prices that are driving inflation is in line with the objectives of Trudeau's carbon price policy.
In other words, by raising the price of oil and natural gas, we will use less gasoline to drive our cars and less natural gas to warm our homes in the winter.
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That's exactly what PM and his various miscellaneous environment ministers want to happen.
It's happening much earlier than expected by the carbon tax. So, given that soaring energy prices were part of the plan, little is said about the soaring energy prices contributing to inflation.
Again, Canada's fossil fuel energy use will diminish as the Bank of Canada raises interest rates to combat inflation until it causes another recession.
Either way, Trudeau will get what he wants.
As always, the rest of us will pay the invoice.
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