• Privacy Policy
  • About Us
  • Contact Us
Climate Change Dispatch
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us
No Result
View All Result
Climate Change Dispatch
No Result
View All Result

Net-Zero By 2050: The Most Expensive Federal Program Ever

by Richard Belzer
May 10, 2023, 12:59 PM
in News and Opinion
Reading Time: 4 mins read
A A
1

biden solarPresident Joe Biden is pushing ahead with his plan to eliminate almost all emissions of greenhouse gases (primarily carbon dioxide) by 2050.

As part of that net-zero plan, the Environmental Protection Agency intends to propose dramatic reductions in greenhouse gas emissions from coal- and gas-fired electric power plants.

This is only the latest phase of Biden’s plan. [emphasis, links added]

Last month, the EPA announced new emission standards for cars and light trucks that would essentially force consumers to buy expensive and unreliable electric vehicles instead of vehicles with proven internal combustion engines that better serve their needs. And last year, the Securities and Exchange Commission proposed making publicly traded companies enact net zero as their overriding corporate purpose.

Yet the president, his regulators, and his activist allies rarely mention how much net zero will cost households.

This is an important question, though one that’s difficult to answer with great precision. Still, we can approximate net zero’s lowest possible average household-level cost and thereby put the public on notice. …

To become at least as smart as our politicians, we can easily calculate the minimum cost of net zero to households.

We tally up all the carbon dioxide emitted, multiply that by the minimum tax necessary, and then divide the total by the number of U.S. households.

Contrary to popular myth, corporations cannot be compelled to pay these costs. They will pass costs to customers, employees, suppliers, and shareholders — which means households.

According to the Energy Information Administration, 4.9 billion metric tons of carbon dioxide were emitted via the production and use of U.S. carbon-based energy in 2021, the latest year for which data are available. (Other sources of greenhouse gases are not included, so actual emissions are considerably higher).

Federal regulators use the “social cost of carbon” as a proxy for a carbon tax in their regulatory analyses.

The lowest rate that plausibly could achieve net zero by 2050 is $100 per metric ton (2,205 pounds).

Respected organizations say rates as high as $700 per metric ton likely would be required. Taxing every metric ton at these rates means collecting between $490 billion and $3.4 trillion in carbon taxes from households. Every year.

There are 122 million households in the United States, so the average cost for each household of a $100 per metric ton tax is about $4,200.

That means $12,700 per household at $300 per metric ton and $30,000 per year at $700 per metric ton.

These figures equal 6.5%, 20%, and 45% of median U.S. household income. Every year.

Annual tax payments would go down as households consumed less carbon-based energy. But tax bills would decline slowly because it would take many years of expensive sacrifices to reduce a household’s carbon footprint seriously.

All but the richest households would have to reduce their standard of living dramatically. As difficult as this would be for the middle class, how the poor would manage is inconceivable.

It probably would require huge new transfer payments, raising the effective tax rate on the wealthy from 35% (what the top 20% of earners pay today) to maybe 70%. The wealthy can’t escape because they are the only ones with enough money to pay what the poor cannot.

Congress could offset carbon tax revenues with tax reductions elsewhere. Congress also could use these revenues to reduce federal government debt, which stands at over $31 trillion.

At $490 billion per year, it would take only 63 years to pay it off. That assumes, of course, that Congress never again increases the debt limit, which the public is told every day must be done to avoid economic catastrophe.

More likely, Congress and the president would find ways to spend the $490 billion, if not more, every year.

And nothing short of a constitutional amendment could force Congress to permanently reduce other taxes or retire debt by an equivalent amount.

Without a carbon tax, net-zero advocates, including Biden, are left to rely on the grossly inefficient regulatory authority provided in statutes such as the Clean Air Act, which was enacted to reduce air pollution, not climate change.

So it’s certain that everything the administration does will cost households much more than the dollar amounts calculated here.

The president and other net-zero advocates say we need to act now to protect future generations from the ravages of climate change. But they should be honest about how much this will cost households.

Hiding the cost in bureaucratic word salad, or promising them that costs will plummet because of magic technological innovations is just disinformation.

Read more at Examiner

  • Truth
  • Twitter
  • Facebook
  • LinkedIn
  • Gettr
  • Threads
  • gab-logo Gab
  • Mastodon
  • Buffer
  • Telegram
  • Email
  • Copy Link
  • Share Using More Networks…

Popular Posts

Electric Vehicles (EVs)

The ‘Green’ Scam Of The Century: How ‘Renewables’ Increase Fossil Fuel Demands

Oct 23, 2024
News and Opinion

Antarctica Is Colder, Icier Today Than At Any Time In 5,000 Years

Apr 15, 2024
Energy

30-Plus Signs That The Climate Scam Is Collapsing

Apr 09, 2025

Comments 1

  1. David Lewis says:
    2 years ago

    Seventy percent of Americans are not willing to spend more than a couple of dollars a week to fight climate change. Yet, our government wants each household to be taxed at least $4,200. That is what happens when politicians get into office with election fraud.

    Reply

Comments are welcome! Those that add no discussion value may be removed.Cancel reply

Stay Connected On Social Media

gab-logo

Donate Today

Beating back the alarmist narrative takes time and money. Please donate today to help!

Recent Posts

  • oil rig drillAmerica’s Energy Boom Exposes The Folly Of Britain’s Net Zero Disaster
    Oct 3, 2025
    America’s energy boom and policy flexibility are widening the economic gap with Britain, where high prices and net zero goals are stalling growth. […]
  • Arctic sunsetNew Study Shows Arctic Sea Ice Decline Slowing, Driven More by Natural Variability Than Emissions
    Oct 3, 2025
    New study shows Arctic sea ice decline has slowed since 2012, driven more by natural variability than greenhouse gas emissions. […]
  • Attorney General Rob BontaNewsom Backs Off Climate Fight As AG Bonta Doubles Down On Suing Energy Firms
    Oct 3, 2025
    Two years after launching a high-profile climate lawsuit, Newsom is backing off while AG Rob Bonta doubles down on lawfare against major energy firms. […]
  • Farm irrigationMeteorologist Debunks Reuters’ Claim That Climate Change Threatens Europe’s Resources
    Oct 2, 2025
    Data show Europe’s droughts, weather, and biodiversity issues stem from mismanagement, not climate change, despite alarmist media claims. […]
  • Russ VoughtTrump Nixes $8B In ‘Green New Scam Funding’ In NYC, Blue States
    Oct 2, 2025
    Trump DOE halted billions in green energy projects citing poor economics, DEI hiring, and weak energy impact, sparking backlash in blue states. […]
  • SherrillRising Energy Costs And Dem Green Policies Top Of Mind In NJ Gubernatorial Race
    Oct 2, 2025
    New Jersey voters face rising energy costs as Democratic green policies and offshore wind expansion drive utility bills higher. […]
  • Hochul's green stringsHochul’s Election-Year ‘Inflation Refund’ Checks Can’t Cover Costs Of Her Green Agenda
    Oct 2, 2025
    Hochul’s election-year ‘inflation refund’ checks won’t offset the soaring living costs and utility hikes her green-energy agenda created. […]
  • South Asia monsoonSouth Asia Monsoons Not Becoming More Dangerous From Climate Change, Data Confirms
    Oct 1, 2025
    Claims that climate change is making South Asia’s monsoons more extreme ignore history, data, and other major causes of flooding. […]
  • wildfire carsRick Scott Wants Answers On What California Did With Federal Wildfire Funds
    Oct 1, 2025
    Sen. Rick Scott is demanding answers on how California spent federal money earmarked for preventing and fighting wildfires. […]
  • Biden test driving an all-electric Ford F-150.Ford CEO Warns U.S. EV Sales Could Halve After Federal Subsidies End
    Oct 1, 2025
    Ford warns U.S. electric vehicle sales could drop as much as 5% after the $7,500 taxpayer-funded federal subsidies expire in a month. […]

Get Instant Email Notifications

Subscribe to receive a digest of daily stories, or get emailed once they're published. Check your Junk/Spam folder for a verification email.

Submit a tip

Please enter your email, so we know you're human.

Books You May Like

very convenient warming

exposing great lie

Have a suggestion? Let us know! We swap out books based on your input. We participate in the Amazon Services LLC Associates Program. See here.

  • About
  • Privacy Policy
  • Contact Us

© Portions copyright Climate Change Dispatch

No Result
View All Result
  • Home
  • Videos
  • Who We Are
  • Facts Vs. Fearmongering
    • Real science vs Junk Science
      • 1100-plus Peer-Reviewed Studies
      • 97% – Myth of the Climate Change Consensus
      • Michael Crichton: Aliens Cause Global Warming
      • Climate change and its causes
      • Climate Science Primer
      • CO2 is not pollution
      • Deceptive Surface Temperature Records
      • Editorial: Great Global Warming Hoax
      • Rules for Climate Radicals: Part 1
      • Rules for Climate Radicals: Part 2
      • Rules for Climate Radicals: Part 3
      • Why CO2 Is A Minor Player In Global Climate
      • Why Politicized Science Is So Dangerous
    • Facts Not Fear
      • A Simple Question For Climate Alarmists
      • Climate Change – The Facts
      • Climate Change Fears Are Empirically Baseless
      • Global Warming 101
      • Global Warming Q&A
      • Understanding The Medieval Warm Period
      • Ocean Cycles and Climate
      • Overview of Plate Climatology Theory
      • Precautionary Principle
      • Should We Celebrate Carbon Dioxide?
      • The Skeptics Handbook
      • Weather Versus Climate
      • Why I’m a GW skeptic
      • Winning the climate debate with facts
      • Why Aliens Cause Global Warming
    • Greenhouse FAQs
      • CO2, Plants, & Industry
      • How much have temps changed?
      • How much have temps changed?
      • How much have temps changed?
      • Is global warming real?
      • Measuring temperature
      • Swimming in CO2?
      • Scientists urge caution?
      • Today’s warming trend
      • Variations in temperature
    • Gore’s Greatest Goofs
      • Deconstructing the Truth
      • Fact-Checking Al Gore’s Latest Predictions
      • How Gore Created The Global Warming Hoax
    • Inside Real Climate
      • Closer look at the 97% Consensus
      • GW’s Amazing Story
      • IPCC gets failing grade
      • Real Climate Exposed!
      • Truth about Real Climate
      • We’ve Been Conned
      • What is there a 97% consensus about?
    • Behind the IPCC
      • 1,000 Scientists Dissent
      • Climategate: Caught Green-Handed!
      • Climategate Inquiries
      • Climategate Inquiries 2
      • NIPCC Report Now Available
      • Understanding the Climategate Inquiries
  • Submissions
  • Contact Us

© 2025 Climate Change Dispatch

Share via
  • Facebook
  • Like
  • Twitter
  • Pinterest
  • LinkedIn
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky
Share via
  • Digg
  • Tumblr
  • VKontakte
  • Print
  • Email
  • Reddit
  • Buffer
  • Love This
  • Weibo
  • Pocket
  • Xing
  • Odnoklassniki
  • WhatsApp
  • Meneame
  • Blogger
  • Amazon
  • Yahoo Mail
  • Gmail
  • AOL
  • Newsvine
  • HackerNews
  • Evernote
  • MySpace
  • Mail.ru
  • Viadeo
  • Line
  • Flipboard
  • Comments
  • SMS
  • Viber
  • Telegram
  • Subscribe
  • Facebook Messenger
  • Kakao
  • LiveJournal
  • Yammer
  • Edgar
  • Fintel
  • Mix
  • Instapaper
  • Copy Link
  • Truth
  • gab-logo Gab
  • Gettr
  • Baidu
  • Mastodon
  • Threads
  • Bluesky