Everything from cars to Bitcoin seems to rattle the environmental left.
While we desperately need to get away from oil for various reasons, most people cannot yet afford an electric car. Many people cannot even afford a new car—they buy on the used market, and why shouldn’t they?
Cars are depreciating assets, and there is not yet a robust used market spanning decades for the electric car.
Trending: Noah’s Nightly Newsletter – 5/27/22
Electric cars sound nice, but at the end of the day these vehicles are taken home and charged through the grid—a grid which is mainly coal powered.
It seems to me that the World Bank’s recent suggestion is mired in elitism, ignorance, and hubris. Electric cars will not solve our main issue, that issue being: we need an actual renewable, reliable form of energy.
Nuclear energy is what comes to mind , but instead we are getting misanthropic and draconian demands from those who claim to be stewards of the environment.
Here are some reactions, as well as data previously posted by the World Bank itself:
#WorldBank Suggests Banning Motor Vehicles..says they are aggressively anti human!
— judy morris (@judymorris3) April 26, 2022
#DYK? Despite having only about half the world’s motor vehicles, low- and middle-income countries accounted for 90% of the worldwide road traffic deaths and non-fatal road crash injuries in 2015: https://t.co/WycP9jQIvH pic.twitter.com/BlvOhIpLYA
— World Bank (@WorldBank) January 11, 2018
Big League Politics provides the exact quote from Baron Nicholas Stern, a former World Bank senior economist:
“The right kind of policies have to be put in place, including the abolition of fossil fuel subsidies, the advancement of carbon pricing, but clarity on timescales for decentralization of the grid, clarity on timescales for stopping the sale of internal combustion engine vehicles, and so on—making sure the sense of direction is clear in those ways.”
— World Bank (@WorldBank) January 13, 2013
Larry Summers, president of the World Bank (at the time), going hard in the paint in an internal memo pic.twitter.com/VaeG8H2QFd
— Martyr Made (@martyrmade) April 22, 2022
Zero Hedge explains:
Stern also stated that “we’re headed for something closer to three degrees than two degrees” Celsius of global warming, saying of recent reports by the Intergovernmental Panel on Climate Change (IPCC) that “each one that comes through is more worrying than the one before.”
Yet the most recent IPCC physical science report projects that the highest emission scenarios and greatest warming are unlikely.
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