How Big Is The Climate Change Industry? How About $1.5 Trillion

This comes via Jo Nova

Climate Change Business Journal estimates the Climate Change Industry is a $1.5 Trillion dollar escapade, which means four billion dollars a day is spent on our quest to change the climate. That includes everything from carbon markets to carbon consulting, carbon sequestration, renewables, biofuels, green buildings and insipid cars. For comparison global retail sales online are worth around $1.5 trillion. So all the money wasted on the climate is equivalent to all the goods bought online.

The special thing about this industry is that it wouldn’t exist if it weren’t for an assumption about relative humidity that is probably wrong. As such, it’s the only major industry in the world dependent on consumer and voter ignorance. This is not just another vested interest in a political debate; it’s vested-on-steroids, a mere opinion poll away from extinction. You can almost hear the captains of climate industry bellowing: “Keep ‘em ignorant and believing, or the money goes away!”.

To state the obvious:

Policy, or the anticipation of new policy, has been one of the biggest drivers of the industry, the report shows.

 Most industries this size exist because they produce something the market wants. They worry that competitors might chip into their market share, but they don’t worry that the market might disappear overnight. Normal industries fear that a “bad” political outcome might reduce profits by ten or twenty percent, and sometimes they donate “both ways”. But the climate industry has literally a trillion on the table that depends on big-government policy and election outcomes. They are always one prime-time documentary away from disaster. What if the public saw that thermometers were next to industrial exhaust vents? What if they learned that the climate models are unskilled, broken, and non-functional, or that 28 million weather balloons show carbon reduction is fruitless pursuit? What if they knew historic records are wildly adjusted to make the current weather look warmer than it would?

As Ms. Nova notes, Warmists have a vested interest in keeping the whole boondoggle going. They want voters kept stupid, and they want to scare them in order to enact their Big Government solutions, which would further feed more money into the Progressive coffers, as well as increasing Progressive power.

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2 Responses to “How Big Is The Climate Change Industry? How About $1.5 Trillion”

  1. Dana says:

    Our esteemed host quoted:

    As such, it’s the only major industry in the world dependent on consumer and voter ignorance.

    Alas! I’d say that a great many industries are dependent upon consumer ignorance. Actually, I’m having a difficult time thinking of one that isn’t.

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