Physicist Dr. Rainer Link brings our attention to the EU’s new 20/20/20 climate scheme designed to inflict intense pain on citizens with literally zero benefits, read it here at his German blog RL Rational (in German).
This 20/20/20 program aims to reduce CO2 emissions by 20% by 2020, and to increase the share of renewable energy to 20% – all to satisfy the needs of those suffering from rescue-the-planet delusions.
The questions of course are: How much is this EU scheme going to cost? And what are we going to gain from it?
The answers are respectively: a fortune and nothing. Next week Connie Heedegard, EU Climate Commissar, will release more on the costs. But this is no big secret. Last week I posted on this here: 15 Trillion Dollar Self Flagellation.
The $15 trillion dollars is of course will incur only if the madness goes uninterrupted until 2050. But until 2020, Dr. Link writes on how accenture and BARCLAYS Bank introduced a study called: Carbon Capital, Financing The Low Carbon Economy, which details the necessary expected costs needed to reach the 20/20/20 target.
Dr. Link then puts together a cost/benefit analysis of the 20/20/20 EU Climate Requirements and comes up with the numbers, read details here (in German).
Total cost of the reductions up to the year 2020: €2.9 trillion
Total CO2 emissions reduction by 2020: 2.2 billion tonnes
That comes to about €6400 per EU citizen. Dr. Link says although that may sound impressive when taken alone, the sheer stupidity and frivolity of it all becomes clear when you compare it to the CO2 emissions growth from developing countries and the rest of the world: Link writes of the 2.2 biilion tonne reduction:
During this time period it compares to a total global emissions of 320 billion tonnes. The global increase in CO2 emissions of 0.5 billion tonnes per year will wipe out the EU CO2 reduction (which will cost 2.9 trillion euros) in just four years.
Dr. Link then calculates how much of a global theoretical temperature reduction this will lead to. Answer:
It would be much cheaper if the EU just bought everyone an air conditioner. That 0.002°C can neither be measured by a standard home thermometer nor perceived by human senses. All because of two fairy tales: 1) CO2 is leading to climate catastrophe, and 2) Europe can save the planet.
Is there any politican left out there who’s got the spine to stand up to this madness?