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UN Wants $4 to 6 Trillion Per Year To Fight Climate Change

by Mish
November 02, 2022, 8:19 AM
in News and Opinion
Reading Time: 3 mins read
A A
5

flushing money awayThe Scaremongering Continues

The Guardian reports UN finds ‘no credible pathway to 1.5C in place’ [bold, links added]:

The UN environment report analysed the gap between the CO2 cuts pledged by countries and the cuts needed to limit any rise in global temperature to 1.5C, the internationally agreed target. Progress has been “woefully inadequate” it concluded.

Current pledges for action by 2030, if delivered in full, would mean a rise in global heating of about 2.5C and catastrophic extreme weather around the world. A rise of 1C to date has caused climate disasters in countries from Pakistan to Puerto Rico.

If the long-term pledges by countries to hit net zero emissions by 2050 were delivered, global temperature would rise by 1.8C. But the glacial pace of action means meeting even this temperature limit was not credible, the UN report said.

A study published this week found “large consensus” across all published research that new oil and gas fields are “incompatible” with the 1.5C target.

What Would It Cost?

Hooray! Only $4 trillion to 6 trillion per year.

“A global transformation from a heavy fossil fuel- and unsustainable land use-dependent economy to a low-carbon economy is expected to require investments of at least US$4–6 trillion a year,” stated the UN report (page 26 of 132).

Q: US$4–6 trillion a year for how many years?
A: Based on figure ES.6 (lead chart) least eight years.

Q: What Percent of GDP?
A: 4 to 9 percent for developing countries, and 2 to 4 percent for developed countries.

And developing countries will gladly fork over up to 9 percent of GDP every year for eight years.

Yeah, right.

Meanwhile, the EU is burning more trees and coal. Burning trees is magically deemed environmentally neutral.

What a hoot.

Exploring the Massive Clean Energy Boondoggle of Burning Trees as Carbon Neutral

Please consider Exploring the Massive Clean Energy Boondoggle of Burning Trees as Carbon Neutral

To the shock of everyone with any semblance of common sense, we are clearcutting forests and burning the trees based on the idea the process is carbon neutral.

26 of France’s 56 Nuclear Reactors are Offline for Pipe Corrosion or Maintenance

Also, note that 26 of France’s 56 Nuclear Reactors are Offline for Pipe Corrosion or Maintenance

Gear up for a cold winter in France. The protests have started already.

h/t Runar O.

Read more at MishTalk.Com

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Comments 5

  1. Allan Shelton says:
    3 years ago

    And Bill Gates funds the Guardian millions of dollars.
    For someone that is supposed to be so smart, Billy is demonstrating his total lack of knowledge about AGW. [or is a purposeful liar]. IMO

    Reply
  2. Spurwing Plover says:
    3 years ago

    Tell the Euroweenie Union to urn their money by selling Pencils made from Non Rain Forest wood on the Street Corners

    Reply
  3. Dave O says:
    3 years ago

    The UN wants developed countries to shoulder most of the burden of Green energy. Here is the catch — after implementing the “Green Energy” solution, developed countries cease to be developed, and become 3rd world countries.

    Reply
  4. Dave O says:
    3 years ago

    UN wants more money? I have a money saving idea. Shut down the UN.

    Reply
  5. Shoki Kaneda says:
    3 years ago

    I’m fairly certain that GFY translates into almost any language.

    Reply

Comments are welcome! Those that add no discussion value may be removed.Cancel reply

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