Posted on 04/05/2022 8:37:46 AM PDT by Oldeconomybuyer
LONDON, April 5 (Reuters) - The world is awash with money, yet spending nowhere near enough to prevent extreme climate change. As time runs out, urgent policy intervention is needed to make finance flow, the Intergovernmental Panel on Climate Change's latest report says.
Such policy could include ending fossil fuels subsidies, tax breaks for clean power or energy-efficient buildings, or underwriting the development of low-carbon projects and technologies.
"Climate policy and finance will be critical for driving transformative change," said Emma Cox, global climate leader at consultants PwC.
The combined wisdom of 278 scientists and signed off by most of the world's governments, the IPCC's report Monday on mitigating carbon emissions has a singular message for public and private finance: dig deeper.
The report included stark findings on what's needed to curb greenhouse gas emissions enough to keep global temperatures from rising more than 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels.
Climate investment averaged across the globe would need to increase by up to six times from the roughly $640 billion spent in 2020, it said.
That's a tiny fraction of global economic output, which totaled some $84 trillion in 2020, according to the World Bank.
(Excerpt) Read more at finance.yahoo.com ...
BS fraud con job. How about digging their holes deeper?
desperation, not for the earth just for their agenda which is to use “climate change” as a tool for total socialist control of the economy
They think we believe them!!!! LOL
“...yet spending nowhere near enough to prevent extreme climate change...” Well, ya gotta give them a “A” for sticktoitiveness. Sadly way too many people are buying the lie. Hot is hot, cold is cold. The tide comes in, the tide goes out. Never build at the bottom of a dam. Adapt or die. I know, “What about the people that don’t know how to adapt?”
There’s con men, and then there’s CLIMATE CON MEN.
Global Warming Scientists are a waste of Air
Good advice, we'll need a deep hole to dispose of bureaucratic democrats and despots.
Since it was our pollution from our factories and automobiles that caused the Ice Age of the 1960’s through the early 1980”s(before catalytic converters and EFI), shouldn’t we be Burning as much Petroleum as Possible to Cool the Planet??
https://wattsupwiththat.com/2022/04/03/the-new-pause-lengthens-now-7-years-6-months/
He says that like it is a good thing.
Worthless money is, well worthless.
Sure, let’s spend worthless money on worthless solutions to non-existent problems.
Great idea!
That's how we know they're LYING!!!
Sumer is icumen in Lhude sing cuccu! It’s time for Global Warming again, Away with Winter and Climate Change.”
The writer of the article says: “The world is awash with money”
Good—then send every Freeper a check for one million dollars. We would not complain.
The end game: “Concentration camps for climate change”
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