Quote:

Nearly $1 billion a day to change the climate… the invisible vested elephant in the room Here’s a stark statistic that came out last week in a new report: The Climate Industry draws in nearly $1 billion dollars a day. But here’s an ominous combination:  …  it openly admits that taxpayer money is its “engine-room”. Reading between the lines below, this industry is almost completely dependent on domestic policies that funnel money from citizens to itself, and tilts the playing field — without those policies, it can’t attract much private money. That is, it can only get money at least partially by coercion, people won’t give it money purely voluntarily. These same groups want even more — they want the public to take the risks too. What could possibly go wrong? Al Gore, said it himself: “Special interests control decisions too frequently.” See the ABC. So he must be concerned about the lobbying weight of a $360 billion dollar baby whose existence is contingent on government gravy? As if… From: The Global Landscape of Climate Finance 2013 from the Climate Policy Initiative “Landscape 2013 finds that global climate finance flows have plateaued at USD 359 billion, or around USD 1 billion per day – far below even the most conservative estimates of investment needs. OK, so in greenspeak, it’s only a billion dollars a day, and that’s not nearly large enough! “In 2012, annual global climate finance reached approximately USD 359 billion (range of 356-363 billion). The private sector continued to provide the lion’s share, contributing USD 224 billion, or 62% of the total. The public sector contributed USD 135 billion (range of 132-139), or around 38% of global climate finance. The public sector provides 38% of “climate finance”, but note, if it disappeared, the sector would shrink by more than 38%, because some of the private money would disappear too. This, below, is their nice way of saying they feed off taxpayer subsidies. “Landscape 2013 confirms that public policies, resources, and money are the ‘engine room’ of the climate finance system, and can alter the balance between risk and return in ways that drive the supply and demand for finance. Private capital flows into climate investments when public incentives and money make them commercially attractive by taking-off risk and reducing incremental costs. While many countries have policy frameworks that provide such incentives, significant capacity and incentive gaps remain. The first thing on their list is to ensure the gravy keeps flowing from taxpayers… “We offer the following findings as action points for policymakers: “1. Develop well-articulated domestic enabling environments to encourage further private investment. Point 2: Citizens need to take more risk, because the private sector realizes how fickle this all is. Private money doesn’t want to go to Uganda. “Recognize that private actors prefer familiar policy environments where the perception of risk is lower. “…the 24% of climate finance that flowed between countries in 2012 was dominated by mostly  publicly funded North-South flows. Of private flows, the vast proportion was invested in  developed countries… Point 3: What’s a new “risk mechanism”? Is that a way of disguising real risks, or a new way of shifting risk from investors to the taxpayer? (If I invent Climate-Blackjack, is that another new risk management tool?) http://joannenova.com.au/2013/10/nearly-1-billion-a-day-to-change-the-climate-the-invisible-vested-elephant-in-the-room/#more-31381

Ajax wrote on Oct 29^th, 2013 at 9:08am:

Quote: Nearly $1 billion a day to change the climate… the invisible vested elephant in the room Here’s a stark statistic that came out last week in a new report: The Climate Industry draws in nearly $1 billion dollars a day. But here’s an ominous combination:  …  it openly admits that taxpayer money is its “engine-room”. Reading between the lines below, this industry is almost completely dependent on domestic policies that funnel money from citizens to itself, and tilts the playing field — without those policies, it can’t attract much private money. That is, it can only get money at least partially by coercion, people won’t give it money purely voluntarily. These same groups want even more — they want the public to take the risks too. What could possibly go wrong? Al Gore, said it himself: “Special interests control decisions too frequently.” See the ABC. So he must be concerned about the lobbying weight of a $360 billion dollar baby whose existence is contingent on government gravy? As if… From: The Global Landscape of Climate Finance 2013 from the Climate Policy Initiative “Landscape 2013 finds that global climate finance flows have plateaued at USD 359 billion, or around USD 1 billion per day – far below even the most conservative estimates of investment needs. OK, so in greenspeak, it’s only a billion dollars a day, and that’s not nearly large enough! “In 2012, annual global climate finance reached approximately USD 359 billion (range of 356-363 billion). The private sector continued to provide the lion’s share, contributing USD 224 billion, or 62% of the total. The public sector contributed USD 135 billion (range of 132-139), or around 38% of global climate finance. The public sector provides 38% of “climate finance”, but note, if it disappeared, the sector would shrink by more than 38%, because some of the private money would disappear too. This, below, is their nice way of saying they feed off taxpayer subsidies. “Landscape 2013 confirms that public policies, resources, and money are the ‘engine room’ of the climate finance system, and can alter the balance between risk and return in ways that drive the supply and demand for finance. Private capital flows into climate investments when public incentives and money make them commercially attractive by taking-off risk and reducing incremental costs. While many countries have policy frameworks that provide such incentives, significant capacity and incentive gaps remain. The first thing on their list is to ensure the gravy keeps flowing from taxpayers… “We offer the following findings as action points for policymakers: “1. Develop well-articulated domestic enabling environments to encourage further private investment. Point 2: Citizens need to take more risk, because the private sector realizes how fickle this all is. Private money doesn’t want to go to Uganda. “Recognize that private actors prefer familiar policy environments where the perception of risk is lower. “…the 24% of climate finance that flowed between countries in 2012 was dominated by mostly  publicly funded North-South flows. Of private flows, the vast proportion was invested in  developed countries… Point 3: What’s a new “risk mechanism”? Is that a way of disguising real risks, or a new way of shifting risk from investors to the taxpayer? (If I invent Climate-Blackjack, is that another new risk management tool?) http://joannenova.com.au/2013/10/nearly-1-billion-a-day-to-change-the-climate-the-invisible-vested-elephant-in-the-room/#more-31381

You do realise that the US federal Reserve alone, is "Spending" $85 Billion a month, which is nearly 3 times the figure mentioned in this article, in a futile attempt to restart just the US Economy and that attempt is bound to fail!

I would suggest the cost of a fully fledged attempt at rescuing the planet, from the worst affects of Climate Change will certainly be much greater than $1 Billion a day, But if it saves Humanity from going over the edge, then it would be money well spent.

That said, there are no guarantees in life!

perceptions_now wrote on Oct 29^th, 2013 at 9:34am:

You do realise that the US federal Reserve alone, is "Spending" $85 Billion a month, which is nearly 3 times the figure mentioned in this article, in a futile attempt to restart just the US Economy and that attempt is bound to fail! I would suggest the cost of a fully fledged attempt at rescuing the planet, from the worst affects of Climate Change will certainly be much greater than $1 Billion a day, But if it saves Humanity from going over the edge, then it would be money well spent. That said, there are no guarantees in life!

The hornet's nest.................!!!!

These are the elite "masters of the universe" that would like to govern the whole world through vechiles such as Anthropogenic Global warming.............????

http://youtu.be/gpJJMFQgzC8http://youtu.be/HfpO-WBz_mwhttp://youtu.be/_dmPchuXIXQhttp://youtu.be/lBZne09Gf5Ahttp://youtu.be/SjUrib_Gh0Yhttp://youtu.be/_BVNN1wqw3khttp://youtu.be/VPPFgHF9VR4http://youtu.be/5fbvquHSPJUhttp://youtu.be/9Xyn3OnsH3ohttp://youtu.be/N_mVoOVVykIhttp://youtu.be/uUo93SpUroohttp://youtu.be/PijM8Jeelz8

Ajax wrote on Oct 29^th, 2013 at 9:49am:

perceptions_now wrote on Oct 29th, 2013 at 9:34am: You do realise that the US federal Reserve alone, is "Spending" $85 Billion a month, which is nearly 3 times the figure mentioned in this article, in a futile attempt to restart just the US Economy and that attempt is bound to fail! I would suggest the cost of a fully fledged attempt at rescuing the planet, from the worst affects of Climate Change will certainly be much greater than $1 Billion a day, But if it saves Humanity from going over the edge, then it would be money well spent. That said, there are no guarantees in life! The wasp's nest.................!!!! These are the elite "masters of the universe" that would like to govern the whole world through vechiles such as Anthropogenic Global warming.............???? http://youtu.be/gpJJMFQgzC8http://youtu.be/HfpO-WBz_mwhttp://youtu.be/_dmPchuXIXQhttp://youtu.be/lBZne09Gf5Ahttp://youtu.be/SjUrib_Gh0Yhttp://youtu.be/_BVNN1wqw3khttp://youtu.be/VPPFgHF9VR4http://youtu.be/5fbvquHSPJUhttp://youtu.be/9Xyn3OnsH3o

Ar so, now TPTB are conspiring by pushing Climate Change, to feather their own nest?

I give you a pass, on imagination!
But, a fail, on Reality!

I believe Ajax is an astroturfing sock puppet for the fossil fuel industry here on a mission to post as much denialist garbage as he can no matter how illogical and baseless it might be. I have never seen a post of his that isn't on this denialist crusade and I believe that the worst thing you can do is to engage him in discussion because he's not genuinely interested in the truth or otherwise of the topic, just getting his post count up In my opinion. Yeah I know? What a despicable thing that is.   

http://youtu.be/p6oYcbmU0Mkhttp://youtu.be/yPIyIMwfcwQhttp://youtu.be/iCPWKI_H6SMhttp://youtu.be/WdgpBfEGCbghttp://youtu.be/qifmNexSiUMhttp://youtu.be/OWE_aLCMQrMhttp://youtu.be/ApCwoj35d3Mhttp://youtu.be/rtTpjcYDEYY

ImSpartacus2 wrote on Oct 29^th, 2013 at 2:00pm:

I believe Ajax is an astroturfing sock puppet for the fossil fuel industry here on a mission to post as much denialist garbage as he can no matter how illogical and baseless it might be. I have never seen a post of his that isn't on this denialist crusade and I believe that the worst thing you can do is to engage him in discussion because he's not genuinely interested in the truth or otherwise of the topic, just getting his post count up In my opinion. Yeah I know? What a despicable thing that is.

I haven't seen anything original from him yet. I think he's inspired by astroturfing rather than anything else. I don't think he even understands what he's arguing against  in most cases.

It was interesting to hear the CSIRO scientists on the news the other day. They said that they'd prefer to leave the "hows" to the politicians and just stick to the science.

I can equate with that position.  Politics tends to muddy the water.

Ajax - posting all these You Tube videos on one thread will slow down the forum. Please desist.

ImSpartacus2 wrote on Oct 29^th, 2013 at 2:00pm:

I believe Ajax is an astroturfing sock puppet for the fossil fuel industry here on a mission to post as much denialist garbage as he can no matter how illogical and baseless it might be. I have never seen a post of his that isn't on this denialist crusade and I believe that the worst thing you can do is to engage him in discussion because he's not genuinely interested in the truth or otherwise of the topic, just getting his post count up In my opinion. Yeah I know? What a despicable thing that is.

Literally they are tryingto own the entire internet address space if that's what it takes...ATTACK THE ATTACK  8-)

Bankers brainwashing our children to become disciples of AGW
http://youtu.be/8tpMVQDzcK4