Global warming is big business.
A recent report released by the Energy Transitions Committee (ETC) – which is made of activists, investment bankers, and executives like Al Gore – estimated that countries need to put up about $15 trillion over the next 20 years in order to help transition the world’s energy sources from ‘dirty’ fossil fuels to ‘clean’ green energy.
This is really what the Paris Climate Agreement is about. It’s not about committing the world’s nations to curb their carbon emissions to bring the global average temperature down so that it remains below the 2-degree Celsius threshold. They say they want to keep the earth from warming an additional 2 degrees Celsius above pre-industrial levels. Once it gets passed that 2-degree threshold, we’re entering catastrophic proportions. Staying within that range will basically ensure that we will avert a climate apocalypse.
But that’s not really the intent here. Their intent is the same thing powerful people have wanted almost ever since there have been people. They want power and money. These people pretending to care about the planet and its billions of residents are lying. There’s no way in this day and age that those at the top of the power structure care one bit about you or me such that they feel the need to ‘save the world.’ They care only about themselves. It’s as simple as that.
The more countries commit to transition over to ‘green’ energy, the more substantial every investor’s returns will be. That’s why there’s a faction in the White House who are trying to get Trump not to pull out of the Paris Climate Agreement. That’s why our allies in Asia and Europe are urging the same thing.
There is a massive payout guaranteed for the leaders of all those countries that sign on. If Trump pulls out, then everyone else’s returns will drop, since the U.S. would be contributing a lot of the dough.
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.
ETC’s goal is to “accelerate change towards low-carbon energy systems that enable robust economic development” and limit global warming. ETC’s report comes out as the Trump administration considers whether or not to stay party to the Paris agreement, which went into effect in 2016.
Royal Dutch Shell funds ETC, and the group’s report mainly targets emissions from coal use. ETC calls for “a rapid decrease in unabated coal consumption, a peak of oil in the 2020s and a continued role for gas provided methane leakages are reduced significantly.”
ETC says global carbon dioxide emissions need to be cut from 36 gigatons to 20 gigatons by 2040, and the world needs “net zero” emissions after 2050 to keep global temperatures from hitting 2 degrees Celsius by 2100.
To meet that goal ETC claims the world needs “investment in renewables and other low-carbon technologies some $6 trillion higher ($300 billion per year); while the largest required increases – of almost $9 trillion ($450 billion per year) – will be in more efficient energy saving equipment and buildings.”
That’s a $15 trillion price tag to theoretically limit future global warming.
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