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.
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.
Trump has ordered Obama-era policies meant to comply with the Paris agreement be rolled back, but the White House is mulling whether or not to pull out of the agreement altogether. European countries and energy companies have been pressuring the White House to stay party to Paris.
Royal Dutch Shell, for example, aided the pro-Paris faction of the Trump administration by publicly supporting continued U.S. participation in the United Nations deal. Shell is a major producer of natural gas, which the company bills as a way to fight global warming.
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.
ETC says fossil fuel investment would need to be cut $3.7 trillion over this time, and that’s on top of fundamentally altering their economic systems to make green energy cost-competitive with fossil fuels in some parts of the world by 2035.
"The demographic most opposed to President Trump is not a racial minority, but a cultural elite." Daniel Greenberg
"Failure to adequately denounce Islamic extremism, not only denies the existence of an absolute moral wrong but inherently diminishes our chances of defeating it." Tulsi Gabbard
"It’s a movement comprised of Americans from all races, religions, backgrounds and beliefs, who want and expect our government to serve the people, and serve the people it will." Donald Trump's Victory Speech 11/9/16
INSIDE EVERY LIBERAL IS A TOTALITARIAN SCREAMING TO GET OUT -- Frontpage mag
"The demographic most opposed to President Trump is not a racial minority, but a cultural elite." Daniel Greenberg
"Failure to adequately denounce Islamic extremism, not only denies the existence of an absolute moral wrong but inherently diminishes our chances of defeating it." Tulsi Gabbard
"It’s a movement comprised of Americans from all races, religions, backgrounds and beliefs, who want and expect our government to serve the people, and serve the people it will." Donald Trump's Victory Speech 11/9/16
INSIDE EVERY LIBERAL IS A TOTALITARIAN SCREAMING TO GET OUT -- Frontpage mag
Saturday, 29 April 2017 Al Gore and “Climate” Warriors Demand $15 Trillion to Save Earth Written by Alex Newman
Former Vice President and self-styled inventor of the Internet Al Gore, infamous primarily for his many debunked prophecies about global-warming doom, is demanding that humanity fork over another $15 trillion to supposedly save the planet from alleged man-made “climate change.” In a report produced by his new group of crony capitalists and tax-funded climate alarmists, dubbed the “Energy Transitions Commission” (ETC), Gore and his allies demand as much as $600 billion annually for decades to help meet the goals laid out in the collapsing United Nations pseudo-treaty on climate known as the Paris Agreement. Critics, though, ridiculed Gore and his cronies, suggesting this was merely their latest scam to fleece taxpayers around the globe.
The ETC, which despite its official-sounding name has no formal ties to government, is backed by and made up of investors, Big Oil bosses, energy companies, fringe "climate" activists, megabanks, UN bureaucrats, Chinese Communists, academics, and other self-interested cronies. In short, it is an alliance hoping to profit from the imploding “climate” scare by putting a global government-mandated “price” on emissions of the essential gas carbon dioxide, exhaled by people and known to scientists as the “gas of life.” Despite all of the hysteria pushed by profiteers such as Gore, human emissions of CO2 make up a fraction of one percent of all the greenhouse gases in the atmosphere. But by being able to tax and regulate it, governments and their Big Business allies will make a fortune at humanity's expense.
In their report, though, the ETC bosses, calling themselves "commissioners," claim to have more noble goals in mind. “Our aim is to accelerate change towards low-carbon energy systems that enable robust economic development and limit the rise in global temperature to well below 2 degrees Celsius,” the ETC report said, as if it had any idea how or whether limiting CO2 emissions would affect global temperatures. Ironically, all 73 UN “climate” models predicted warming as CO2 concentrations increased, but temperatures have remained virtually flat for more than two decades, according to satellite and weather balloon data. The massive error has led more than a few of the world's leading scientists to reject the increasingly discredited anthropogenic global-warming theory.
Leading scientists have explained repeatedly that the planet is currently starving for more CO2. “We've heard that CO2 is a demon molecule that causes global warming,” explained leading climate realist Dr. William Happer, a prominent professor of physics at Princeton University, at a recent conference by Freedom Force International dubbed Global Warming: An Inconvenient Lie in reference to Gore's discredited propaganda film. “We should tell the truth: CO2 will benefit the Earth.” It will also be a major boon to humanity, he explained, noting that experiments show plants grow better and faster when CO2 levels are doubled, tripled, and even quadrupled. Indeed, in the earth's past, CO2 concentrations were found in “thousands of parts per million rather than hundreds, as we have today,” Dr. Happer explained.
On page 10 you'll see a list of the illustrious scientists and humanitarians who sere as commissoners. Lo and Behold the Goracle is Chairman in Charge of Investment.
Illegitimi non Carborundum
During times of universal deceit, telling the truth becomes a revolutionary act.- Orwell