Posted on 11/22/2022 8:53:21 AM PST by Red Badger
The United Nations COP27 climate plan calls on nations to spend eight to ten trillion dollars annually to invest in green energy and rapidly reduce greenhouse gas emissions.
Governments, central banks, commercial banks and investors will have to spend $4 to $6 trillion annually to create a global “low-carbon economy,” according to the COP27 Implementation Plan. Furthermore, the document claims $4 trillion per year needs to be invested in renewable energy by 2030 in order to reach “net zero emissions” by 2050.
“Of course, all these numbers are just pulled out of thin air,” Energy and Environmental Legal Institute senior legal fellow Steve Milloy told the Daily Caller News Foundation. “If ‘net zero’ was even possible, you can bet that the actual cost would be even higher … these numbers likely assume perfect efficiency in swapping fossil fuels for wind/solar.”
The UN argues that the global temperature cannot increase 1.5 degrees Celsius above pre-industrial levels to ensure that the planet is livable. The Paris Climate Agreement thus states that countries should slash emissions by 45% by no later than 2030 and ensure that they produce as few emissions as possible by 2050.
The plan also calls on developed countries to provide over $5.8 trillion before 2030 to help developing countries adapt to climate change and fund renewable energy projects in poorer nations. Nearly 200 nations reached an agreement to establish a financial framework at the COP27 meeting, whereby wealthy nations like the U.S. would pay developing nations in order to compensate them for historical “loss and damage,” allegedly caused by richer nations’ emissions, according to a draft document.
“The endless search for climate trillions will go on for decades to come,” Net Zero Watch Director Benny Peiser told the DCNF. “It’s an apocalyptic cult that is going in circles: they have been meeting for 30 years and have utterly failed to achieve the main objective – slowing, never mind, halting CO2 emissions.”
The UN Framework Convention on Climate Change did not immediately respond to the Daily Caller News Foundation’s request for comment.
Talk to me after China and India put up a couple of $trillion each.
We’d better give it to them. I hear climate change causes inflation.
I could give them 10000000 trillion and they wouldn’t be able to change earths climate 1 degree!!!!!!!!!!
idiots
Get stuffed.
Sod off. I didn’t vote for any of you wankers.
this climate change extortion racket should be no problem
It is Thanksgiving, tell those who hate the Right among family how much this will cost THEM. Inform them who will be the recipients.
From taxpayers worldwide, through the hands of the grifters(politicians/bureacrats), the pockets of Kings, Presidents and Commissars, pawed through by local dignitaries, then pay into businesses built by all of the above to not change a G D thing.
Pls, pls come back President Trump!
Oh, this is completely doable. Our GDP is roughly $24 Trillion. Our investment to save Gaia is only a fraction of our economy. /s Given today’s groomer teachers we have a generation of useful idiots that are so numerically illiterate that they can’t see the consequences.
Going to have to fire up those printing presses! That’s a lot of Benjamines.
If Trump is re-elected, it would not surprise me if the US left the UN. And that would be a very good thing.
Or, as Trump would say, a very, very good thing. 😁
This global warming business is a bigger hoax than the recent FTX scandal. A lot of so called sane intelligent woke people and nations are looting their treasures to support their pagan religion. An offering to their false god of mother earth.
FOREIGN AID:
POOR people in RICH countries giving money to RICH people in POOR countries............
Then the UN needs to start doing something productive to EARN that revenue stream to fund their noble agenda.......
OK, what are the “climate targets”? How are you going to get there? What change to quality of life?
The UN should explain how burning trillions of dollars will change the climate ?
Well, they do work pretty hard at skimming that cash, so there is that...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.