Warmists burn a billion a day

No matter if the science of global warming is all phony…
climate change provides the greatest opportunity to
bring about justice and equality in the world
.”
– Christine Stewart,
former Canadian Minister of the Environment

We’ve got to ride this global warming issue.
Even if the theory of global warming is wrong,
we will be doing the right thing in terms of
economic and environmental policy.

– Timothy Wirth,
President of the UN Foundation

Burning-Money-940-x-440

What that cash could do if spent on something worthwhile:

The world invested almost a billion dollars a day in limiting global warming last year, but the total figure – $359 billion – was slightly down on last year, and barely half the $700 billion per year that the World Economic Forum has said is needed to tackle climate change.

These are the findings spelled out in the latest Climate Policy Initiative (CPI) report. For the first time, it estimated global North-South cash flows at between $39 and $62 billion.

But the total funding pot fell $5 billion from 2012, and remains just a tiny fraction of the $5 trillion that the International Energy Agency estimates is required by 2020 for clean energy projects alone, if rising temperatures are to be pegged at 2 degrees Celsius.

“Investment to combat and adapt to climate change is happening around the world, but it’s short of where it needs to be and efforts to grow it have not been successful enough,” said Thomas Heller, the executive director of Climate Policy Initiative, the group which compiled the report. Keep Reading »

Warmists burn a billion a day | Herald Sun

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One Comment on “Warmists burn a billion a day”

  1. […] Warmists burn a billion a day (climatism.wordpress.com) […]

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