Globalist “climate economists” of the type favored by Democrats and the Biden administration are now expressly demanding the end of all fossil fuels in the name of environmentalism and eliminating gas-powered vehicles.
Baron Nicholas Stern is one such economist who addressed a “Financing Climate Action” event hosted last month by the World Bank. There he called for international government policies that would end all subsidies of the fossil fuel industry and outlaw the sale of gas-powered vehicles.
The meeting took place as part of the annual meeting of the World Bank Group and the International Monetary Fund. Stern’s current position is as chair of the Grantham Research Institute on Climate Change and Economics at the London School of Economics.
The theme of the conference was “Transitioning Economies, Transforming Climate: Financing Climate Action for a Green and Inclusive Future”
Stern, who was the World Bank’s chief economist from 2000 to 2003, also called for changes in “carbon pricing,” decentralization of the power grid, and “clarity” on the time before internal combustion engines are banned.
Like other globalists, Stern used the current war in Ukraine as a basis for arguing that “the right thing to do is to move away faster and harder from fossil fuels.”
Stern’s position may sound radical to most Americans, but his stance is consistent with the priorities of the Biden administration and its handlers. The Biden White House has especially emphasized its claim this year that the Ukraine war is the cause of rising energy costs and could be addressed by changing America over to “green energy” sources.
The White House issued a statement last month that declared that the “only way” to eliminate Putin’s use of “oil as an economic weapon” is to reduce America’s dependence on oil. The official statement added that the way to American energy independence must come through reducing fossil fuel usage.
In its 2023 fiscal year budget proposal, the Biden administration has asked for $5 billion across five years to build electric vehicle charging stations around the nation. Last November, Biden’s Transportation Secretary Pete Buttigieg suggested that Americans should address higher gas prices by simply buying electric cars.
Democratic California Gov. Gavin Newsom announced a plan last year for the state to “phase out” gas powered vehicles by 2035. Newsom has also been joined by 11 Democratic governors in asking Biden to move the federal government forward to ban the sale of gas powered vehicles by 2035.
Surging gas prices that are hammering Americans help Democrats in their demands for a complete restructuring of American commercial and domestic life. Sunday saw a new all-time record high for gas prices in the country, with the national average for a gallon of gas standing at $4.47.