Today’s brand of the left-leaning politician is all about substituting what sounds good for what actually works. Modern politics, whether in the U.S. or Europe, is about taking a chainsaw to everything that produced even a modicum of success to appease the deities espousing progressive orthodoxy. There is no better example of this than fossil fuels, energy sources that have lifted us out of destitution and darkness and given us incredible wealth the world had never witnessed. What is the left interested in doing? Confiscation, cronyism, centralization, and coercion to combat climate change. The European Union will achieve these objectives through the boondoggle-in the-making Green Deal.
What Is The Green Deal?
The European counterpart is a bit more realistic than the American version, aiming for net-zero emissions within 30 years rather than in a decade. But that is probably the best thing you can say about this proposal, which was approved by the European Parliament – some policymakers had requested even greater ambitions to be inserted inside the climate change scheme. Overall, the Green Deal is bad economics that will affect the already dreary conditions of Europe and exacerbate the slowdown.
The Green Deal begins by the European Commission examining every European Union law and regulation and then modifying them to align with the bloc’s new climate objectives. If you thought the E.U.’s regulations were already egregious, just you wait until March 2021 when the bureaucrats will submit a package containing all the statist goodies. At least Great Britain will not have to.
Policymakers want to implement a circular economy, one that emphasizes the sustainability factor in how the continent produces stuff. Its objective is to consume fewer materials and ensure there is more concentration on reusing and recycling.
Like the Green New Deal (GND), the E.U.’s flagship program is to “at least double or even triple” the renovation rate of buildings. Today, this figure stands at about 1%, so bumping up that figure would require a concoction of interventions and mandates to ensure buildings are more efficient.
One provision is to introduce carbon tariffs for nations that refuse to reduce their greenhouse gas emissions at a comparable rate to Europe.