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Once Again, Green has Gone Wrong March 12, 2013 8:00 AM | Tagged as carbon, Global Warming, Hybrid, Lomborg
WSJ March 11, 2013 Page A15, Green Cars Have a Dirty Little Secret, by Bjorn Lomborg
In the Biz Bucks Quarterly (2nd Quarter 2008*), the Biz Bucks Guy did a Net Present Value (NPV) analysis of the then current fad of trading in reciprocating-engine based cars for hybrids. The math was conclusive. The hybrids were overpriced! Those who were compelled to go “green” were being taken by their friendly auto companies. Now Bjorn Lomborg has shown another aspect of going green is worthless.
Those who want to buy a hybrid vehicle to “save the world from global warming” – even though they know they are paying more than they should -- are once again being taken to the environmental cleaners. The claim of “zero emissions” is specious when the total production chain of a hybrid car is put under the common sense microscope.
When a hybrid comes off the assembly line, it has been responsible for about 30,000 pounds of carbon dioxide. A conventional car causes about 14,000 pounds. One reason, lithium for batteries is hard to mine. Once the lifetimes of the cars are compared, the hybrid may save about 8.7 tons of carbon dioxide. That seems like a big number until you learn that a ton of carbon-dioxide credit on the European trading market is worth about $5. Yep, 8.7 tons times $5 is about $44. Your hybrid saved the world an equivalent of $44. Too bad your friendly Federal government has subsidized that hybrid to the tune of about $7500. The total annual tax bill for nothing in return is about $5.5 billion of your hard earned tax dollars. Dangalangit, your green economy is really wonderful, Mr. Obama,
Mr. Lomborg has once again made the economic case for putting our money – not into current technology – but into research and development where true “green” breakthroughs – ones that make both environmental and economic sense -- may be lurking just around the corner.
* This issue is available at www.BizBucksGuy.com. Go to Biz Bucks Quarterly/Archives.
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