Spot the Vested Interest: The $1.5 Trillion Climate Change Industry
http://joannenova.com.au/2015/07/spot-the-vested-interest-the-1-5-trillion-climate-change-industry/
Climate Change Business Journal estimates the Climate Change Industry is a $1.5 Trillion dollar escapade, which means four billion dollars a day is spent on our quest to change the climate. That includes everything from carbon markets to carbon consulting, carbon sequestration, renewables, biofuels, green buildings and insipid cars. For comparison global retail sales online are worth around $1.5 trillion. So all the money wasted on the climate is equivalent to all the goods bought online. The special thing about this industry is that it wouldn’t exist if it weren’t for an assumption about relative humidity that is probably wrong. As such, it’s the only major industry in the world dependent on consumer and voter ignorance. This is not just another vested interest in a political debate; it’s vested-on-steroids, a mere opinion poll away from extinction. You can almost hear the captains of climate industry bellowing: “Keep ‘em ignorant and believing, or the money goes away!”. To state the obvious: Policy, or the anticipation of new policy, has been one of the biggest drivers of the industry, the report shows. Most industries this size exist because they produce something the market wants. They worry that competitors might chip […]Rating: 10.0/10 (8 votes cast)
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