“Once King, Europe’s Car Industry Is in Crisis” was a Business & Finance Section of the December 4 issue of the Wall Street Journal. From that lead, writer Stephen Wilmot takes the reader through a series of Perilous Pauline stories of European carmakers trying to survive European Union mandated conversions to EV vehicles against cheaper Chinese subsidized EVs and rising domestic energy costs.
Roughly 7 percent of the gross domestic product in the European Union is based on the automobile industry. The European economy struggled when automakers there terminated tens of thousands of auto workers and energy prices rapidly increased their costs. Voters in recent elections threw out political parties they deemed were responsible.
In Germany, Chancellor Merkel, who sold out to the GREENS to protect her power and for her Christian Democratic Union coalition, took the fall in 2021. Merkel had simultaneously shut down both coal and nuclear power plants and supplemented these internal power sources to buy Russian natural gas. When Russia invaded Ukraine a year later and the natural gas from Russia was shut down, by 2024 the voters had had enough.
The unwieldy multi-party coalition which followed Merkel under Chancellor Olaf Scholz collapsed unable to agree on spending on climate policy and how to handle the resulting nation’s deindustrialization. England has been in a political scramble for the past two years, and despite the euphoria of reopening Notre Dame, France is without a functioning government.
Europe’s policies of overregulation, high taxes, and pursuit of NET ZERO 50 climate goals have resulted in low economic growth rates. The lack of public demand for government-mandated EVs make them the highly visible poster children for failure of their climate goals, hence EVs can be considered the straw that broke the camel’s back.
The recent election of Donald Trump back into the U.S. presidency is generally agreed to have been largely because of the high inflation initiated by Biden Administration spending policies. The Inflation Reduction Act of 2022 added another trillion dollars or more into the economy to subsidize green energy projects and was a major contributor to U.S. inflation which peaked at over 9 percent. This act was a thinly disguised NET ZERO 50 funding proposal for implementing Biden’s Presidential Order dated December 08, 2021, “Executive Order on Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability”.
Chinese Green mercantile policies just added to the voter backlash by flooding Western markets with low cost, highly subsidized Chinese made EVs that, if allowed, would destroy the automobile industries worldwide, including in the U.S. On September 27. 2024, President Biden announced dramatic 100% tariff hikes on EVs, 25 % hikes on EV batteries, and 50% tariffs on solar cells used in U.S. electric power grids to recharge EV batteries.
“It’s the Economy, Stupid” is a political axiom that resounds internationally where voters have any say!
Democratically elected Western governments are converting to ‘clean energy’ in the face of markets dominated by the Chinese. In so doing, they face a glaring inconsistency that places their Net ZERO 50 climate policy mandates on ethical horns of a dilemma:
If to prevent the ‘alleged’ existential planetary threat of global warming to our civilization, which is the basis for Western governments attempting to manage the earth’s temperature, how can they justify placing excessively high tariffs on Chinese EVs to protect their local automobile industries and which will reduce EV use and acceptance, and they claim will increase global warming rather than decrease it?
Furthermore, being ethically-challenged, Western governments have not informed their voters that the United Nations International Panel on Climate Change (IPCC) exerts monopoly control of the so-called proven ‘science’ underpinning all NET ZERO 50 initiatives. Like a sponge, the IPCC receives into its lock box all recent science research relating to climate change. Scientists whose research is not IPCC sanctioned are deemed climate deniers, and their analysis is suppressed by a compliant media.
Annually, a UN panel of representatives from over one hundred nations reviews the findings of hundreds of scientific papers. A collaborative summary report, including the priorities of the working group’s national representatives, is then released from the bureaucratic sponge with much fanfare to the world’s media.
The IPCC Summary contains many topics, but the two items below might enlighten the reader as to the thinking of this elite multi-national U.N. group who developed it.
Finance, Technology and International Cooperation – Effective climate action is enabled by political commitment, well-aligned multilevel governance, institutional frameworks, laws, policies, and strategies and enhanced access to finance and technology
Equity and Inclusion – Prioritizing equity, climate justice, social justice, inclusion and just transition processes can enable adaptation and ambitious mitigation actions and climate resilient development.
See report: https://www.ipcc.ch/report/ar6/syr/downloads/report/IPCC_AR6_SYR_SPM.pdf
These are serious people; open your wallets and get your pronouns right!
What voters finally receive from their governments or through national media will be a censored, summarized excerpt from the original scientific research. Science, pseudo-science, propaganda, political extortion, or sophistry, take your pick!
TW3
December 12, 2024, 2024
John Whitmore Jenkins
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