The Motley Fool Discussion Boards

Previous Page

Investment Analysis Clubs / Macro Economic Trends and Risks

URL:  https://boards.fool.com/government-responded-to-the-mass-protests-by-34081332.aspx

Subject:  Re: Violent extortion in France... Date:  12/10/2018  8:17 PM
Author:  waterfell Number:  548895 of 573409

...government responded to the mass protests by immediately suspending the carbon reduction fuel taxes intended to cure the planet of global warming.
------------------------------------------

If Macron was truly concerned about the buildup of CO2 in the atmosphere, he wouldn't be shutting down 14 nuclear power reactors for no good reason.

http://www.world-nuclear-news.org/Articles/Macron-clarifies-...

A total of 14 power reactors will be shut down in order to reduce the share of nuclear in France's electricity generation mix from the current 75% to 50% by 2035, President Emmanuel Macron announced today.
------------------------------------------

Individual small countries like France putting a tax on petrol or diesel fuel isn't going to change the global CO2 concentration in the least. If CO2 is such a big problem, then it is going to take a global effort to do something really meaningful. This means getting China on board in a serious way. The effort will also need India. Here in the US, total yearly CO2 emissions are today about the same as they were in the early 1990s, so we actually have been doing a fairly good job. This wasn't an intentional effort. It was mostly just replacing a big chunk of coal-fired electricity with natural gas as the fuel. Obviously, more needs to be done. Nuclear power needs to be a big part of the solution.

But the first thing the environmentalists want to do is shut down all of the nuclear plants. As long as this is their policy, nothing meaningful will ever happen. See Germany for its Energiewende failure. Shutting down nuclear was priority #1. Now, Macron wants to imitate (or placate) Angela Merkel.

- Pete
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us