The costs of “greening” Mother Earth will take even more money than expected, the United Nations now says. The trumpeter of the dangers of anthropogenic global warming and of the necessities of cutting carbon to combat it has upped its cost projections. Fox News reports,
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.
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.”
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.”
The U.N. calls for a push toward the “green economy” even though it freely admits “there is no unique definition of the green economy.” The survey’s introduction rationalizes the massive cost by explaining “the green economy concept is based on the conviction that the benefits of investing in environmental sustainability outweigh the cost of not doing so.” So, by that rationale, any cost is sustainable.
And, as in all things from the U.N., government is the solution: “Governments will have to assume a much more central role” in making the change to a green economy. Where there’s government, there must be control and “active industrial and educational policies aimed at inducing the necessary changes in infrastructure and production processes.”