by Frank Bergman, Slay News:
In order to comply with the globalist “Net Zero” climate goals of the World Economic Forum (WEF) and United Nations (UN), taxpayers will need to spend a staggering $75 trillion, a group of leading analysts has revealed.
To put the figure into context, in 2023, it is estimated that the total amount of money in circulation around the world is roughly $40 trillion.
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Nevertheless, the public will have to dig even deeper to cover the demands of the global elite to achieve aggressive international “climate change” goals.
The impossible “Net Zero” goals for “carbon emissions” set forth by the United Nations (UN) Intergovernmental Panel on Climate Change (IPCC) are expected to be met by 2050.
However, according to a new report from energy consultancy and research firm Wood Mackenzie, investments would need to total $75 trillion to meet the targets.
If the world is to meet the 2050 “Net Zero” carbon emission goals championed by Democrat President Joe Biden’s “climate czar” John Kerry, taxpayers would need to commit a whopping $2.7 trillion annually.
According to the analysis, global oil demand would also need to peak in 2023.
The demand for oil would then need to drop to 30 million barrels per day (BPD) from its current level of about 102 million BPD in order to reach the targets established by the IPCC, according to the report.
According to the UN IPCC’s website, the unelected globalist organization insists that achieving “Net Zero” by 2050 is the best way to keep global temperatures from rising by more than 1.5 degrees Celsius relative to pre-industrial levels.