Isn’t it funny how the Cult of Climastrology always wants to spend Other People’s money?
(Daily Caller) A group of executives who want to fight global warming has published a new report calling for countries to spend up to $600 billion a year over the next two decades to boost green energy deployment and energy efficiency equipment.
The Energy Transitions Commission’s (ETC) report claims “additional investments of around $300-$600 billion per annum do not pose a major macroeconomic challenge,†which they say will help the world meet the goals laid out in the Paris agreement.
ETC is made up of energy executives, activist leaders and investment bankers, including former Vice President Al Gore, who would no doubt get a piece of the trillions of dollars they are calling for.
And, of course, they want carbon taxes to “decarbonize” and reduce the use of fossil fuels. And many of the people involved, such as Gore, would make money off the sale of carbon permits and the taxes. It’s all one big scheme, using junk science to enrich themselves. Which is why they never want to invest their own money.
Or make changes in their own lives to practice what they preach.
Having listened to this drivel for umpteen years, most of us will consider Al’s hot air and back off. Yep, sure is interesting that other people’s money is easier to spend. :)
TEACH:
You should read the actual document. It is not an “Al Gore group”, although Mr. Gore is one of thirty (30) board members including the leaders of Shell, GE, Merrill Lynch and Blackrock.
The investments from the document were 0.3 to 0.6 trillion per year or about 0.4% to 0.8% of global GDP per annum. This is 6 to 12 trillion total, not 15 trillion as your headline screams.
Oh my, little guy supports giving more tax money to the wealthy.
Who knew?