Mind you, this is just for clean energy investment, not for all the other things the Cult of Climastrology wants to do
Climate Change: $131 Trillion Clean Energy Investments Needed to Avert Catastrophe, Report Says
Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale up hydrogen production particularly acute, according to a study published on Tuesday.
In its annual flagship report, the International Renewable Energy Agency underscored the scale and pace of change needed to cap the rise in average global temperatures at 1.5 degrees Celsius, in line with the 2015 Paris climate accord.
“The gap between where we are and where we should be is not decreasing but widening,” said Francesco La Camera, director-general of the Abu Dhabi-based organization, which has more than 160 member states. “We need a drastic acceleration of energy transitions to make a meaningful turnaround.”
OK. Then spend your own money on it. Why is it necessary to spend Other People’s money for your beliefs? I don’t ask gun grabbers to pay for my ammunition.
The agency’s “1.5C pathway” set out in the report found that fossil fuel consumption would have to fall by more than 75% by 2050, with oil and coal shrinking more quickly.
Use of natural gas would have to peak in 2025, although it would be the dominant fossil fuel by mid-century.
Renewable power capacity will have to expand more than ten-fold by mid-century, accompanied by a 30-fold increase in the electrification of transport, the report found.
I’m assuming that “clean energy” includes electric vehicles, non-gas stoves, fridges, and more. But, does this include retrofitting homes, all the climahysteric building requirements, compliance with production of food and goods, and more? Because that’s a lot of damned money. Where do they think it’s coming from, the Climate Fairy?
The GDP of the United States was $20.93 trillion in 2020, so $131 trillion is more than six entire years of our gross domestic product.
— Dana Pico (@Dana_TFSJ) March 16, 2021
Warmists are fine with taking all their business and personal profits, right?
