According to some advocates, the world needs $1 trillion in “climate finance” annually.
paris climate conference
Ottawa expects firms to commit to things they can’t possibly predict.
As the United States cuts climate regulations, Canada pours them on.
The United States likely won’t mirror Canada’s climate policies.
Governments know people won’t accept the level of carbon taxation necessary to achieve current GHG targets, so they hide most of the cost in regulation.
With the announcement that the Pope may “intervene” in the Paris climate negotiations, the last act of the Great Paris Climate Conference is set.
As I wrote in 2010, these giant climate conferences follow an entirely predictable story arc that goes like this:
1) The media will downplay expectations, and diplomats and environmentalists will bemoan how far behind the process is in producing an agreement.
While the planned reduction in emissions may sound impressive, the effect on temperatures will likely be rather small and the costs in dollars quite high.