Some climate economists aren’t pulling any punches as they explicitly push for an end to fossil fuels and the elimination of gas-powered vehicles to allegedly combat climate change.
During the World Bank’s “Financing Climate Action” event held late last month, influential climate economist Baron Nicholas Stern argued in favor of policies to end subsidies for the fossil fuel industry and put a stop to the sale of vehicles that use internal combustion engines.
“The right kind of policies have to be put in place, including the abolition of fossil fuel subsidies, the advancement of carbon pricing, but clarity on timescales for decentralization of the grid, clarity on timescales for stopping the sale of internal combustion engine vehicles,” said Stern, who served as chief economist for the World Bank from 2000 to 2003. Read more…
