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For John Kerry, It’s All About The Benjamins: ‘Money, Money, Money…’

by WSJ Editorial Board
January 20, 2023, 11:22 AM
in News and Opinion
Reading Time: 3 mins read
A A
5

kerry davos wefJohn Kerry is President Biden’s climate envoy to the world, and never let it be said that he lacks enthusiasm for the cause.

This week in Davos, in front of the world’s elite climateers, Mr. Kerry gave a speech that everyone should read for its candid declaration of what he thinks it is going to take to save the planet from fossil fuels.

To wit, an all-out militarization by government and private industry comparable to fighting the Nazis. [emphasis, links added]

The world needs to treat climate change like World War II when “in order to win the war that we had to organize ourselves to take control of the skies and take control of the seas and be able to smash the battlements that had been built along the coastline of France and Belgium and the Netherlands,” Mr. Kerry said.

This isn’t exactly Winston Churchill vowing to fight on the beaches, fields, and streets, but you get the idea.

Give the former Secretary of State credit for acknowledging the steep costs and other barriers to expunging fossil fuels that most climate catastrophists would rather not admit in public.

“Let’s face it, a whole bunch of companies in the world has chosen to say, ‘I’m going to be net zero by 2050,’” he said. “And you and I, we know they don’t have a clue how they’re going to get there. And most of them are not on track to get there.”

Maybe that’s because no one else knows either because with current technology it isn’t possible.

That’s certainly true of governments in the U.S. and Europe, which have committed to zeroing out their CO2 emissions by 2050 but haven’t implemented the policies or developed the technologies to get there.

Not that it would make much difference if they did as long as China and India continue to build coal plants to fuel their economic growth.

China emits two-thirds more CO2 than Europe and the U.S. combined.

Even if all countries met their existing net-zero commitments, the world would exceed the warming of 1.5 degrees Celsius above temperatures in the 19th century. The world has already warmed by [1.06] degrees.

Mr. Kerry complained about “wads of bureaucracy” such as permitting regulations that require “10 years to get a siting plan for a wind farm or solar” plant.

Has he mentioned this to Mr. Biden and the climate left? And how will turning over more of the economy to government central planners speed up any of this?

WEF2023: John Kerry Says the Only Way to Get to 1.5 Degrees of Global Warming is “Money, Money, Money, Money, Money, Money, Money” pic.twitter.com/ub6S4AiWpk

— Kevin smith (@KJ00355197) January 17, 2023

His answer seems to be that what the world needs most to fight climate change is “money, money, money, money, money, money, money.” By which he means other people’s money.

“The key is philanthropy,” he said. Translation: Government and financial institutions must make grants and low-interest loans to poor countries with no expectation of a financial return.

This was the idea behind the climate reparations to low-income countries that Mr. Kerry committed the U.S. to at the U.N.’s conference last fall in Egypt.

Mr. Kerry acknowledged this so-called “loss and damage” agreement was a bribe to lower-income countries to get them to reduce emissions: “We have to do it to build the political consensus.”

He also said that rich countries had an obligation to finance the green-energy transition for poor ones through “bankable deals,” “leverage” and “take first-loss” policies.

All of this goes a long way to explaining why the climate elites of Davos keep meeting resistance from the common folk who would bear the economic burden.

No one wants to enlist in or pay for a war that its generals have no clue how to win, much less the means to do it.

Read more at WSJ

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Comments 5

  1. Spurwing Plover says:
    3 years ago

    Some are trying to use this Global arming/Climate Change scam to ban cars for all but themselves these privileged bunch of Arrogant old Peacocks with their Holier then Thou or make that Grener then thou attitudes and a leftists M.S. Media that supports them

  2. David Lewis says:
    3 years ago

    In World War II bombs were falling on London, and the Nazis had over run France and Poland. The US had lost much of our Pacific fleet at Pearl Harbor. There was clearly a need for total commitment. Today, in our daily lives, there is no evidence of climate change. Total commitment, or even paying more for energy, clearly isn’t justified.

    There is one thing very refreshing about what John Kerry said. “And you and I, we know they don’t have a clue how they’re going to get there.” (net zero). Most climate change advocates, the media, and liberal politicians seen to think that the only obstacle is political will. They have no understanding of concepts such as energy density. The fact is wind and solar power can not produce enough energy, and there is no feasible way to store energy for when these renewables are not available. The few who are aware of these facts seem to think that technology can be developed and deployed by 2050. However, this is not only unlikely, but it is reckless to bet our economic well being on such assumptions.

  3. Spurwing Plover says:
    3 years ago

    Their theme song by Brett Strong MONEY THATS WHAT I WANT

  4. Sonnyhill says:
    3 years ago

    The Davos conference reminds me of charity concerts. Artists donate a concert, gratis, but keep their bank accounts out of it. Other people’s money, indeed.

  5. Charles Wardrop says:
    3 years ago

    They’re taking us for mugs. They correct in a majority, including the Royal Society.
    They are right in that opinion.

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