01/11/2019

The Drive To Make New York ‘Zero Carbon’ Is Insane

Jonathan A. Lesser, New York Post

New York’s Democratic-run state Legislature might enact one of the most radical ­energy mandates on the planet. The Climate and Community Protection Act would require that greenhouse-gas emissions from all sources be halved by 2030 and reach zero by 2050.

Nada. Zero. Zilch.

That would mean retooling the entire state economy, which will be accomplished central-planning-style, with lots of committees and working groups. The climate-justice working group, for example, will be tasked with identifying which New Yorkers receive 40 percent of a carbon-tax bounty that will be hoovered up from residents and businesses.

Other unelected bureaucrats will impose a combination of performance standards — emissions limits that will effectively ban fossil-fuel use — and set those carbon taxes.

The state’s existing Clean Energy Standard calls for reducing emissions by 80 percent by 2050. But the CCPA will require the ­entire economy to be run solely on electricity generated with renewable energy resources, primarily wind and solar power. Transportation, which today accounts for 40 percent of the state’s ­energy consumption, will have to be powered solely by electricity — even the Staten Island Ferry.

Read full article



You May Also Like:

For More go to the Home Page >>>

Join Our Email List



section

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

section

In Search Of History

The Fed vs. the Middle Class

With interest rates flattened [by the Federal Reserve], government zeroes out the future. Abandoned were 80 percent of private defined-benefit pension plans. Public plans faced a similar evisceration in the future. With no acknowledgement, the U.S. government had casually dispossessed the American middle class of its retirement assets and pushed millions of Americans into acute dependency on government programs. ... Government dependency negated the American dream.

-- George Gilder ,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.05%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central May Year-to-Year: 2.87% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

section