If you are inspired by Greta Thunberg’s emotional speech at the UN and care about our planet, you might not realize how much your everyday life could change should the world follow the advice of climate activists.
RT spoke to economists to find out how the proposed changes could affect the global economy and the daily lives of people around the world.
Fossil fuels
The first thing that comes to mind to stop reported global warming is to impose a carbon tax and divest from the fossil fuel industry, as this sector is one of the major contributors to greenhouse gas emissions.
“A carbon tax and/or forced divestiture from fossil fuels would ultimately make the kind of cheap, varied and efficient transportation that people around the world are accustomed to extremely expensive and more limited,” warns Peter C. Earle, an economist at the American Institute for Economic Research.
Apart from public transport, cars could also become less accessible to most individuals. So if you drive to work without a second thought, the carbon tax could suddenly double or triple the cost of your daily trip, leaving tens of millions of people cut off from their livelihoods, according to the analyst.
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