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UN Declaration Calls for as Much as $10 Trillion a Year to Meet Climate Targets

Started by Epoch-Times-Bot, Nov 22, 2022, 11:45 AM

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Epoch-Times-Bot

Nov 22, 2022, 11:45 AM
UN Declaration Calls for as Much as $10 Trillion a Year to Meet Climate Targets

The United Nations COP27 climate plan calls on nations to spend eight to ten trillion dollars annually to invest in green energy and rapidly reduce greenhouse gas emissions.
Governments, central banks, commercial banks, and investors will have to spend $4 to $6 trillion annually to create a global "low-carbon economy," according to the COP27 Implementation Plan. Furthermore, the document claims $4 trillion per year needs to be invested in renewable energy by 2030 in order to reach "net-zero emissions" by 2050.
"Of course, all these numbers are just pulled out of thin air," Energy and Environmental Legal Institute senior legal fellow Steve Milloy told the Daily Caller News Foundation. "If 'net zero' was even possible, you can bet that the actual cost would be even higher ... these numbers likely assume perfect efficiency in swapping fossil fuels for wind/solar."...

Source: UN Declaration Calls for as Much as $10 Trillion a Year to Meet Climate Targets

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