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Net zero climate policies will be phenomenally expensive (New Zealand: 16+% of GDP cost) This will be unpopular with many and likely a majority of voters That's why Deutche Bank suggests that we'll probably need "a certain degree of eco-dictatorship" https://www.dbresearch.com/servlet/reweb2.ReWEB?rwsite=RPS_EN-PROD&rwobj=ReDisplay.Start.class&document=PROD0000000000513730# …pic.twitter.com/pz1abjxJ66
Tom Friedman already suggested as much in his 2008 book on climate (p372), wistfully considering that maybe America should be a dictatorship like China (just for one day, but presumably without being able to change anything decided during that day) https://www.amazon.com/Hot-Flat-Crowded-Revolution-America/dp/0374166854 …pic.twitter.com/KkHe86BexZ
And Senate Majority Leader Schumer wishing a bit of it just a few days agohttps://twitter.com/BjornLomborg/status/1354514172499865604 …
New Zealand has the only independent cost estimate of net zero, from 9.9% to 21.2% GDP cost (average 16%, table 12) https://www.mfe.govt.nz/sites/default/files/media/Climate%20Change/NZIER%20report%20-%20Economic%20impact%20analysis%20of%202050%20emissions%20targets%20-%20FINAL.pdf …, https://www.nzherald.co.nz/world/bjorn-lomborg-joe-bidens-us2-trillion-climate-plan-could-fix-it/KSJ5P3LEHLJQ6EOT7S256SZPGM/#:~:text=Only%20one%20nation%20%E2%80%94%20New%20Zealand,%245%20trillion%20in%20today's%20money ….
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