By Shikha Dalmia of Reason.
"But as Oren Cass, a Manhattan Institute analyst, notes, fighting climate change is a particularly vexing problem because the individual cost to each country, especially Third World ones, will be immediate and huge—and the benefits distant and uncertain. The notion that emission cuts can pay for themselves through increased energy efficiency is at best fanciful and, at worst, a lie.
There are no low-carbon energy technologies available today that can sustain the economic growth rates these countries need to lift their people out of abject poverty, let alone offer Western living standards at anything resembling an affordable cost. Over 300 million Indians still live below the poverty line, earning less than $1 per day. India's per capita energy consumption is 15 times less than the United States'. India has to keep boosting its energy use—and therefore carbon emissions—for at least another two decades to eliminate dire poverty, which is why its reduction plan only commits to slashing "emission intensity"—its emission rate as a percentage of its GPD—not emissions themselves.
Even this much, India claims, will require up to a $2.5 trillion investment over the next 15 years in renewable energy sources and adaptation technologies. Even if that figure is exaggerated, clearly this would be a challenge for a country that has yet to offer basic sanitation, transportation, and clean-water infrastructure to all its citizens.
But Western countries have to date pledged to raise only $1 trillion over 10 years ($100 billion annually) to offset the climate change costs of the entire Third World. Upping that commitment while simultaneously absorbing their own emission reduction costs will require Western government to take very radical—and very draconian—steps to pare back the living standards of their own citizens."
"India and China counter by dragging out the West's historic emissions. The IPCC (Intergovernmental Panel on Climate Change) has determined that the planet can handle 2,900 gigatons (Gt) of carbon dioxide before the Earth begins to warm catastrophically. Third World countries insist that justice demands that every country get a quota based on its population. By that arithmetic, America's total quota would add up to 128 Gt (and the entire developed world's 406 Gt). But America used up over twice that amount between 1850-2011. As these countries see it, America (as the rest of the Western world) is in their ecological debt. It needs to put itself on a drastic energy diet—and effectively undo the industrial revolution that has generated untold wealth for it. Especially since India has used only 7 percent of its share. "For the sake of the world's future, American lifestyle can no longer remain non-negotiable," froths India's leading environmentalist, Sunita Narain."
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