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World Economic Forum: "Gas Prices Must Go Even Higher — To Save Democracy" - Politics - Nairaland

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World Economic Forum: "Gas Prices Must Go Even Higher — To Save Democracy" by bn365: 6:26am On Jul 16, 2022
Think of Sri Lanka while reading this post. Sri Lanka did everything WEF instructed them to do. Who elected these people to run countries and are they accountable to the people when their policies fails, like it did in Sri Lanka?

The World Economic Forum (WEF) released a position paper Monday that inexorably links two claimed global crises as one – “climate change” and the “decline of democracy.”
The paper then contends that compliance can and should be enforced.
It says:

First, leading democracies should agree to end the underpricing of fossil fuels, which is the principal factor preventing a clean energy transition. The underpricing associated with producing and burning coal, oil and gas amounted to $5.9 trillion in economic costs in 2020. Nearly a quarter of these losses – $1.45 trillion – occurred in 48 major and smaller democracies.

The leading democracies of the G20 should collectively commit to phasing out cost and tax breaks for the production and consumption of fossil fuels. They should also phase in more efficient pricing of fossil fuels through taxes or tradable permits to cover the costs of local air pollution, global warming, and other economic damages.

According to the WEF, forcing other economies to reform their under-pricing of fossil fuels in order to avoid the policy’s penalties should also be actively pursued,
They reinstated: delaying a clean energy transition “makes leading democracies’ economies more vulnerable through continued reliance on fossil fuels.”
Collectively acting to foster a green transition “is not only good for the climate but also critical for protecting democracy,” the WEF paper concludes.

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