As the call for sustainable solutions for climate change is constantly around, environmentalists are suggesting decreasing consumption. In order to reduce the level of CO₂ in the atmosphere, politicians intend to limit the total consumption, for instance by instituting Pigouvian taxes (punitive taxes).
As a result, countries are cracking down on their own potential by limiting their energy use, something that has been particularly noticeable in Germany, where the Energiewende (the German energy transition) has phased-out nuclear energy and considerably increased energy prices for consumers (€28 million per year). Without nuclear energy, the goals for the reduction of CO₂ emission are out of reach: Germany would have to quintuple its efforts in order to reach 40 per cent goal until 2020.
In spite of government’s efforts to regulate the energy sector, German scientists now seem to be at the brink of developing what is being referred to as ‘self-made petrol’. Sunfire Gmbh, located in Dresden, Germany, is now producing Blue Crude, a CO₂-neutral substitute for ordinary petrol. This revolutionary product is capable of re-transforming carbon dioxide into a petrol alternative.
Not only does this mean that no changes to current engines of motored vehicles would be necessary, but also that future travel and transport options would be completely emissions-free.
The developers in Dresden are also further than just the theoretical development: major companies, such as the German car-manufacturer Audi, the Czech energy provider CEZ and the petroleum company Total already joined the project, reports Die Welt. As of now, the production costs would set the price for Blue Crude at over €3 per litre, but head of the research team Nils Aldag is confident that tax cuts could bring the cost down to €1.30 in the long run.
Think about this. While hundreds and thousands of national government’s committees and eurocrats in Brussels discuss ‘energy transition’, pumping their unrealistic dreams full of subsidies, it’s a private laboratory in Dresden which manages to find the solutions for the future.
And that kids, is what we call the free market.
This article was first published by Freedom Today.
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It would be good of we could slowly phase out fossil fuels.