Even U.N. Admits That Going Green Will Cost $76 Trillion
By Dan Gainor
Published July 06, 2011
FoxNews.com
Two years ago, U.N. researchers were claiming that it would cost “as much as $600 billion a year over the next decade” to go green. Now, a new U.N. report has more than tripled that number to $1.9 trillion per year for 40 years.
So let's do the math: That works out to a grand total of $76 trillion, over 40 years -- or more than five times the entire Gross Domestic Product of the United States ($14.66 trillion a year). It’s all part of a “technological overhaul” “on the scale of the first industrial revolution” called for in the annual report. Except that the U.N. will apparently control this next industrial revolution.
The new 251-page report with the benign sounding name of the “World Economic and Social Survey 2011” is rife with goodies calling for “a radically new economic strategy” and “global governance.”
Throw in possible national energy use caps and a massive redistribution of wealth and the survey is trying to remake the entire globe. The report has the imprimatur of the U.N., with the preface signed by U.N. Secretary-General Ban Ki-Moon – all part of the “goal of full decarbonization of the global energy system by 2050.”
Make no mistake, much of this has nothing to do with climate.
The press release for the report discusses the need “to achieve a decent living standard for people in developing countries, especially the 1.4 billion still living in extreme poverty, and the additional 2 billion people expected worldwide by 2050.” That sounds more like global redistribution of wealth than worrying about the earth’s thermostat.
That’s because it is. The report goes on and says “one half of the required investments would have to be realized in developing countries.” In other words, $38 trillion would go to the developing world.
The survey details where that money would go. “Survey estimates that incremental green investment of about 3 percent of world gross product (WGP) (about $1.9 trillion in 2010) would be required to overcome poverty, increase food production to eradicate hunger without degrading land and water resources, and avert the climate change catastrophe.”
So eradicating hunger and overcoming poverty are now part of the climate debate.
Full article: http://www.foxnews.com/opinion/2011/07/06/even-un-admits-that-going-green-will-cost-76-trillion/#ixzz1RLVXSRUg

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