Submitted by Harold Saive
World Economic Forum Paper: Gas Prices Must Go Higher to Save Democracy
The World Economic Forum (WEF) on Monday released a position paper that said lowering fossil fuel use to reduce carbon emissions was necessary as the world faces two global crises — “climate change and the decline of democracy.”
The WEF’s paper, written by Colorado State University economics professor Edward B. Barbier, said democracy can be saved as long as consumers stop burning coal, oil, and gas in exchange for green renewables.
“If global warming is to be kept below 1.5o C, the world must act now to reduce carbon emissions. Achieving this objective requires substantially lowering fossil fuel use through a clean energy transition,” Barbier wrote.
“For the past 15 years, democracy has been in decline worldwide. To protect and promote freedom, leading democracies must strengthen their economies and safeguard liberty.
“These two aims are not mutually exclusive but complementary. Reducing reliance on fossil fuels and transitioning to low-carbon alternatives also make democratic economies more sustainable. Major democracies should work together to achieve these two goals.”
Higher gas prices would help the U.S. and Europe accomplish what Barbier suggested.