Paris Climate Accord Requires $12.7 Trillion to Reach Goal
$7.4 trillion is to be spent globally on new “green energy facilities” in the next few decades, but the climate freaks are in need of $5.3 trillion to meet the $12.7 trillion goal.
The end goal is that all this money will somehow make global warming “below 2 degrees Celsius by the end of the century”. It’s all nonsense and a massive political money grab. Still, they trudge on . . .
A whopping $7.4 trillion will be spent globally on new green energy facilities in the coming decades, but another $5.3 trillion is needed to meet the goals of the Paris climate accord, according to a new report.
Bloomberg New Energy Finance (BNEF) is out with a new long-term energy outlook report, this time projecting a total of $12.7 trillion to keep projected global warming below 2 degrees Celsius by the end of the century — a goal of the Paris accord.
BNEF projects $7.4 trillion will be invested in new green energy capacity by 2040, and that global carbon dioxide emissions will be 4 percent lower in that year than in 2016.
But that’s not enough to keep projected warming below 2 degrees, the report warns.
Read more here.