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If you want to cause tremendous inflationary pain to the working class and rolling blackouts through an energy transition this is how you do it. We are not at
by fny 5y ago
If you want to cause tremendous inflationary pain to the working class and rolling blackouts through an energy transition this is how you do it.
We are not at the stage where we can bootstrap green yet. You still require fossil fuels to build a green economy. Sure, coal is bad as an energy source, but that EV you want has a ton of steel inside and that requires metallurgical coal. The copper required for a green economy needs to be mined, and the machines used in a mine require a portable, dense fuel source like oil.
To make matters worse, energy prices feed into other areas of the economy. Ammonia costs have skyrocketed due to the energy issues and that's causing the price of wheat and corn to skyrocket.
The proper policy is carbon credits and a measured transition unless you're ready to punish the working class and developing nations.