But just what does the UN document suggest? This is the list:
- Carbon Taxes coupled with Cap and Trade - intended to price fossil fuels highly to reduce consumption
- Additional Subsidies for green energy technology - intended to develop industries which otherwise would not be viable (strongly supported by grant farmers and rent seekers)
- Regulatory and procurement requirements for green energy ensuring demand at guaranteed prices for commodities which otherwise wouldn't be there like biofuels, wind power and solar
- Protective tariffs to protect green emerging industries - going against free trade, these tariffs would inhibit the export of fossil energy
- International offsets which have to be purchased at borders to offset carbon footprint (imagine that!)
- Carbon impact labeling for all goods - showing what the carbon footprint looks like, which will be very difficult to do since there are no agreed rubrics for doing this..local meat has a higher carbon footprint than imported lamb from New Zealand, for example, since we have to divide CO2 costs by volumes..
- Wealth transfer from rich to poor countries to help that adjust, catch up and develop - this is the equity component..pure socialism
- Technology cooperation but focused on agreed technology strategies - already in place, but needs additional investment
What all this looks like – and I encourage you to read the document – is the most radical agenda since the Communist Manifesto. While using the cloak of science, this document makes clear that you cannot just look at climate change mitigation without rethinking the social and economic order of the world. Quite. It's the new world order, stupid!