Saturday, March 18, 2023

Net Zero Policy Could Cost American Taxpayers More Than $50 Trillion, Engineering Professor Warns

 

An experienced and respected Engineering Professor at Cambridge University, UK, has warned that the Biden administration's commitment to to decarbonising the US economy by 2050 is doomed to failure. Professor Michael Kelly, from the University of Cambridge in the UK, has previously studied the impact of Net Zero projects in the UK and his native New Zealand and has published articles and research papers arguing that the existential threat to humanity posed by climate change narrative has been vastly exaggerated to produce a climate of fear in order to coerce the public into compliance with policies that benefit the political, corporate and financial elites.  Prof Kelly has now turned his attention to the United States, where puppet president, Joe 'Dementia Man' Biden fronts an administration of far left extremists whose avowed aim is to turn Americal into a communist, one - party state..

Kelly's headline findings in his first report on the Biden administrations efforts abandon oil, gas and coal as energy sources is a stark warning for politicians around the world.

“The cost to 2050 will comfortably exceed $12 trillion for electrification projects, and $35 trillion for improving the energy efficiency of buildings. A work-force comparable in size to the health sector will be required for 30 years, including a doubling of the present number of electrical engineers. The bill of specialist materials is of a size that, for the USA alone, is several times the global annual production.”

Professor Kelly warns that politicians are not thinking through the scale of the project they are pursuing.

“It’s clear that no country has the manpower, the materials, or the money to deliver Net Zero. It cannot be attempted without establishing a command economy, and even then it would fail. This is a fool’s errand.”

Michael Kelly: The Feasibility of a Net Zero Economy for the USA by 2050 (pdf)

 

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