High Flying John Kerry Teases New Way To Fund ‘Climate Change’ Action

I’m sure there’s absolutely no reason to tell you to watch your wallet, right?

Kerry teases coming announcements to finance climate change policy in developing nations

John Kerry climateSpeaking during and immediately after a meeting of the High Ambition Coalition, a group of roughly 60 countries that advocate for the strongest possible policies to address climate change at the U.N. Climate Change Conference, special presidential envoy for climate John Kerry hinted Tuesday that major announcements on climate finance are in the offing.

“A hundred billion dollars doesn’t do it, folks,” Kerry said to a gaggle of press following the meeting at the conference, also known as COP26. He was referring to the promise of $100 billion per year in financing for adapting to and mitigating climate change for developing countries, made by developed countries at the last major round of climate negotiations, in Paris in 2015. “It’s trillions of dollars that are needed. And the only way that we will get this done is if trillions of dollars are forthcoming. And they are. Tomorrow there will be an announcement. I’m not going to jump the announcement, but there are tens of trillions of dollars announced that are available to be invested in this transition.”

Tens of trillions in Other People’s money, eh?

It’s unclear who will provide the tens of trillions of dollars Kerry mentioned, but reading the tea leaves — especially his reference to investment — it sounds like the private sector will play a major role, providing loans as opposed to grants.

See? I wonder what they could be looking at?

Tariffs to Tackle Climate Change Gain Momentum. The Idea Could Reshape Industries.
The proposals come with risks, including undermining world trade rules and triggering trade disputes

Governments in the U.S., Europe and other developed nations are embarking on a climate-change experiment: using tariffs on trade to cut carbon emissions. The idea has the potential to rewrite the rules of global commerce.

Policy makers on both sides of the Atlantic are looking at targeting steel, chemicals and cement. The tariffs would give a competitive advantage to manufacturers in countries where emissions are relatively low.

Well, that’s all you’re going to get from the Wall Street Journal, unless you subscribe. But, there are plenty of other articles, and, while tariffs can have their place in attempting to level a playing field, these would just cause prices to skyrocket. I know, let’s place a huge tariff on all the people who attended COP26, see if they’re good with paying with their own money.

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5 Responses to “High Flying John Kerry Teases New Way To Fund ‘Climate Change’ Action”

  1. Dana says:

    I remember when Elwood P Dowd — possibly in a past life as Jeffery or Jethro — slammed President Trump’s proposed tariffs, to spur American manufacturing, were terrible, terrible, terrible, because all they would do is raise prices for the American consumer, so I’m pretty certain that he will slam this tariff idea, since it would do exactly the same thing.

    • Elwood P. Dowd says:

      The obsessive mr dana is correct that I was correct to blast tRump’s ill-advised trade war with China. The tRumpster “plan” was a political ploy that backfired.

      from the right-leaning Tax Foundation:

      Key Findings

      19 Oct 2021

      The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products, which is equivalent to one of the largest tax increases in decades.

      We estimate that retaining the tariffs put in place under the Trump administration would reduce economic output, income, and employment.

      The Biden administration has kept most of the Trump administration tariffs in place, except for a five-year suspension of tariffs that were part of a WTO aircraft dispute.

      The tariffs that are still in effect are estimated to reduce long-run GDP by 0.23 percent, wages by 0.15 percent, and employment by 176,800 full-time equivalent jobs.

      The GOP, better at politics than governance, would slaughter Biden as “soft on China” if he abandoned tRump’s ill advised trade war. It will have to be a gradual de-escalation.

      The obsessive mr dana is incorrect that that tRump’s China-US trade war is comparable to tariffs specifically to limit CO2 emissions. In fact, these sorts of taxes will bring the price of these activities closer to their actual cost.

      Elwood P. Dowd, Living Rent-Free in Dana’s “Brain” Since 2020

      • drowningpuppies says:

        Rimjob: The tRumpster “plan” was a political ploy that backfired.

        Hardly. Strongest economy, lowest unemployment numbers in years.
        Energy independent.
        Low inflation.
        Lower taxes.

        Yeah, some “backfire”, dipshit. https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_yahoo.gif

        Bwaha! Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

  2. Professor Hale says:

    “Invested” = “transferred to friends of mine and other well-connected people”.

  3. Zombies are Cool says:

    Tariffs that quote “raise taxes on Americans are bad” by keeping jobs at home and allowing USA companies to compete in markets. This of course is bad because Trump did it. Even though many, many, many countries impose tariffs to defend their own people in their own country. Trump doing it was bad to grow our unionized steel industry for example.

    However, Asking for 10’s of trillions of dollars in investment in Green which will of course come mostly from the United States is not a tax at all and will cost nothing.

    Yes. Tariffs are a burden on Americans with higher prices. But if your going to vastly inflate wages how the hell does anyone think we are going to compete. Progressives do not understand competition. They only understand the never-ending handouts that printing money allows.

    Slap tariffs on other countries because Biden will soon learn that the USA cannot sell one ounce of steel when prices have escalated due to wage increases and inflation without tariffs to make the USA competitive on the world market.

    It’s not even economics. It is just common sense.

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