Posted on 05/16/2018 6:02:01 AM PDT by Oldeconomybuyer
Investment in the UK’s low-carbon economy has fallen dramatically, endangering jobs and putting in doubt the government’s commitments on climate change, an influential committee of MPs has warned.
Funds going into renewable energy, the mainstay of the low-carbon economy, fell more than 50% in 2017, having dropped by 10% in 2016, bringing annual investment in the sector to its lowest since the financial crisis in 2008.
The MPs also said the government was failing to implement policies to cut emissions from transport, heating and industry, and called on ministers to consider raising a “sovereign green bond”, as other countries have done, in order to stimulate investment.
The market for energy efficiency measures, such as home insulation, has also seen a sharp decline since the government scrapped its flagship policy, and the Green Investment Bank was sold off.
Sovereign green bonds, recommended by the EAC, are financial borrowing instruments issued by governments to raise cash for environmental improvement projects, with part of the return on the projects going to market investors. They enable governments to take advantage of the low interest rates on borrowing available to them, while investors are attracted by the relatively low levels of risk.
(Excerpt) Read more at theguardian.com ...
Billions in "investment."
But we’ll save Millions!
Yeah...they all drank the kool aid. What amazes me is the average Brit (and Euro) will totally believe and profess the climate BS when they know basically Zero about it!
Green Investment Bank and Sovereign green bonds. Talk about a massive scam, jeez.
One more good volcano and we’ll have another nuclear winter which will/might change their minds.
Liberals redefine words all the time. “Racism” and “sexism” no longer mean anything but so much of the population will immediately react (riot, apologize, or hyperventilate) when those words are used about anything.
A large part of the population also now think “investment” means throwing money at something (schools, windmills, etc) and hoping that someone, somewhere, at some time will benefit. But the people with money still think an “investment” needs to provide a positive return to the investors - and that blows a hole in liberal plans. They can’t even convince Michael Moore, hollywood, or other liberal elites that “investment” has a new meaning. And the $billions they’ve “invested” so far does not give a positive ROI, so they can’t increase their “investments” they way a policy built on capitalism and “old-school investing” would provide.
I’m scared...
Because that damn Trump isn’t footing the bill.
Ding Ding Ding! Ya done broke the code.
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