Tag Archives: Chile

Green Energy: Greatest Wealth Transfer to the Rich in History

Posted on February 24, 2023 by David E Smith

We are in the midst of history’s greatest wealth transfer. Government subsidized wind systems, solar arrays, and electric vehicles overwhelmingly benefit the wealthy members of society and rich nations. The poor and middle class pay for green energy programs with higher taxes and higher electricity and energy costs. Developing nations suffer environmental damage to deliver mined materials needed for renewables in rich nations.

Posted in Climate Change | Tagged car batteries, Carbon Border Adjustment Mechanism, Chile, China, cobalt, copper, Democratic Republic of the Congo, dysprosium, electric vehicles, energy costs, European Union, green energy, Indonesia, International Energy Agency, lithium, neodymium, nickel, solar arrays, subsidies, The Inflation Reduction Act, wind farms, wind systems, wind turbines | Comments Off