The United Nations’ call for governments and companies to shift trillions of dollars into “low-carbon energy” systems to limit future global warming is “not feasible,” according to an environmental economist.
A new Intergovernmental Panel on Climate Change (IPCC) special report projects between $1.6 trillion and $3.8 trillion in “energy system supply-side investments” is needed every year through 2050 to have any chance of keeping future global warming below 1.5 degrees Celsius.
That’s a price tag of between $51.2 trillion and $122 trillion by 2050 just for energy investments. Environmental economist Richard Tol said, given the high cost, the IPCC’s report is totally unrealistic.
Michael Bastasch – Daily Caller – October 9, 2018.
Want More Investigative Content?
