Policy Documents

‘Carbon Pollution’ and Wealth Redistribution

Benjamin Zycher –
June 26, 2013

In this posting, the author notes that no crisis should go to waste, an eternal truth highlighted in bold by a purported climate change apocalypse that is now the target of actions newly proposed by President Obama. This so-called “crisis” will flood not various coastlines, but instead the front pages, replacing other, less flattering political headlines for the administration.

And if the proposed actions offer the potential of sizeable wealth transfers to political allies? That is far more than mere icing on the cake. Whatever the weakness of the evidence on greenhouse gases (GHG) and climate effects, the real goal of carbon policy is a regional redistribution of wealth, a reality that explains the inability of Congress to enact such policies since the Clinton administration, when a “Sense of the Senate” resolution rejecting the Kyoto Protocol was approved by a margin of 95-0. President Obama too was unable to convince even a fully Democratic Congress to adopt such policies, and so he now proposes that his Environmental Protection Agency and Department of Energy implement regulations reducing emissions of carbon dioxide and other greenhouse gases (GHG).