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Trump is right: climate spending is damaging to the economy and will achieve little

By Nicola Wright - posted Monday, 28 November 2016


What is comes down to is risk benefit analysis. 

No power source currently available is free from negative impacts. Fossil fuels can be polluting, but newer technologies are making it less so. Eventually fossil fuels are going to run out (but much later than the 'peak oil' scare had us believe) and at that point motivation to invest in alternatives will be at its greatest. Once alternative energy sources become viable under their own steam, demand for fossil fuels will decline. 

Our future lies in innovation, human ingenuity and an energy market free from government subsidies and incentives, that will provide us with the platform to develop new energy technology that works. It helps to remember that we don't actually know with any certainty what the future climate will be; we need to be able to adapt to any future climate problems we may face including rapid warming or indeed global cooling.

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Trump is right to be concerned about the impacts of climate action on the economy. Energy policies that attempt to push a move away from fossil fuel consumption before we are really ready have everything to do with ideology and nothing to do with common sense. The billions of taxpayer dollars Australia is spending in order to 'do something' about the climate is money down the drain and an example of government waste. It is money that could be better spent on any number of programs that would actually have a beneficial effect on our environment, or on our standard of living. 

Our climate dollars will have next to no impact on the climate, and are instead just very expensive tokenism.

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About the Author

Nicola Wright is a senior writer at Liberty Works Inc.

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