
No one is quite sure how much public money has been sequestrated in the name of ‘Climate Change’, except that it totals somewhere in the tens of trillions over the last two decades. We also know that this money hasn’t bought a single, fractional degree in ‘climate change’.
Global leaders want to set that figure in the hundreds of trillions.
If it turns out that our political leaders, scientific experts, and virtuous global bureaucracies lied about the whole ‘end is nigh’ scenario – can we have our money back?
Plenty of citizens facing down the current economic crisis would like to know when they can expect reparations for the financial harm done to them, their families, and future generations. We keep hearing activists use the hashtag #ClimateJustice – well, let’s see just how much ‘climate justice’ the ordinary pleb is entitled to once the next climate deadline expires…
Bloomberg reported in the beginning of July that it would take US$200 trillion to stop global warming, then proclaimed that this is a ‘bargain’.
The Sydney Morning Herald ran the headline with the figure of $300 trillion, in Australian dollars this time.
‘It probably won’t shock you to learn the world’s Net Zero pledges haven’t yet been followed by the hard cash, or even promises of hard cash, necessary to make them a reality.’
Which isn’t quite true. World governments have coughed up fortunes in pursuit of climate salvation – to be more correct, they have stolen it straight from the pockets of citizens. Searching for an official figure for Australia is impossible, with climate money tied up in a complex web of taxes, grants, punishment schemes, and price hikes.
There is a bright side for political leaders like Labor Prime Minister Anthony Albanese. Pretending to panic about the climate has given governments the perfect excuse to ignore the financial crisis caused by the incompetent handling of Covid.
‘Why are you worried about paying a few extra dollars for food? Don’t you know there won’t be any food unless you hand over more than half of what you own to us? Pay up or you are literally killing the planet!!!’
Or something to that effect.
It’s a very similar rhetoric to the ‘granny killers’ propaganda.
The figure for US$200 trillion comes from BNEF, a green-energy research team who were trying to calculate how much all of these ‘cheap’ renewables projects and carbon capture technologies would cost. They set a deadline of ‘carbon neutral’ by 2050.
It seems impossible to achieve a status of carbon neutral when your pitch involves replacing the world’s fossil fuel cars with electric ones – all 1.45 billion of them – along with constructing the who the heck knows how many charging stations. Not to mention the carpeting of the world’s surface in solar panels, battery farms, and wind turbines along with the physical grid to connect it all together.
The sheer volume of materials required for this transformation – let alone their constant cycle of replacement – has been approximated, not calculated. The figure of US$200 trillion is only a bargain if you can squint and peek behind it to the shadow of its real cost.
Will this spend save the world? More to the point, is the world even in trouble?
Continue reading From Warming to Boiling: How Much More Are We Willing to Take?