Monday, August 8, 2022
HomeMiddle ColumnPay Up! Al Gore’s New Group Demands $15 Trillion To Fight Global...

Pay Up! Al Gore’s New Group Demands $15 Trillion To Fight Global Warming

-

MICHAEL BASTASCH

A group of executives who want to fight global warming have published a new report calling for countries to spend up to $600 billion a year over the next two decades to boost green energy deployment and energy efficiency equipment.

The Energy Transitions Commission’s (ETC) report claims “additional investments of around $300-$600 billion per annum do not pose a major macroeconomic challenge,” which they say will help the world meet the goals laid out in the Paris agreement.

ETC is made up of energy executives, activist leaders and investment bankers, including former Vice President Al Gore, who would no doubt get a piece of the trillions of dollars they are calling for.

ETC’s goal is to “accelerate change towards low-carbon energy systems that enable robust economic development” and limit global warming. ETC’s report comes out as the Trump administration considers whether or not to stay party to the Paris agreement, which went into effect in 2016.

Trump has ordered Obama-era policies meant to comply with the Paris agreement be rolled back, but the White House is mulling whether or not to pull out the agreement altogether. European countries and energy companies have been pressuring the White House to stay party to Paris.

Royal Dutch Shell, for example, aided the pro-Paris faction of the Trump administration by publicly supporting continued U.S. participation in the United Nations deal. Shell is a major producer of natural gas, which the company bills as a way to fight global warming.

- Advertisment -

Related Articles

Weekly Climate and Energy News Roundup #515

The Week That Was: 2022-08-06 (August 6, 2022)Brought to You by SEPP (www.SEPP.org)The Science and Environmental Policy Project Quote of the Week: “A man...

“Don’t Pay UK” Green Energy Bill Strike Gathers Momentum

Skyrocketing UK green energy bills have finally provoked a response, with 90,000 Britons and rising pledging not to pay their energy bills, until the...

It’s the Wrong Kind of Coral

As word of the recovery of the Great Barrier Reef spreads, the inevitable rationalization from alarmists appears.