BIG GREEN EXPANDS: ‘Global Warming Industry Tops $82 Billion For 2018’ – ‘Worldwide value of carbon pricing up a stunning 56% from 2017’
Published on May 24, 2018 – by Shane Trejo
The global warming industry has become a big business. With China now participating, the World Bank estimates that the worldwide value of carbon pricing has reached $82 billion this year – a stunning 56 percent increase from 2017.
The World Bank released a report showing how the once-moribund carbon markets are rebounding. More states are levying carbon taxes on their people, following the example of China. The world’s top polluter unveiled a comprehensive carbon tax plan late last year.
A long-time investor and proponent of these so-called carbon markets is former US Vice President Al Gore, who applauded Chinese participation in the scheme that he has been promoting for many years.
“China’s carbon trading system is yet another powerful sign that a global sustainability revolution is underway,” Al Gore said.
“With the top global polluter enacting policies to support the Paris Agreement and transition to a low carbon economy, it is clear that we’re at a tipping point in the climate crisis”, he said.
According to the World Bank, 51 carbon pricing initiatives – comprised of 25 emissions trading schemes and 26 carbon taxes – currently exist throughout the world. It is estimated that this covers up to 20 percent of all global greenhouse gas emissions, and the World Bank hopes to increase that number next year with Singapore and Argentina planning to levy a carbon tax on their people in 2018.
“Governments at all levels are starting to see the effectiveness of carbon pricing in their efforts to cut harmful carbon pollution while also raising revenues for climate and other policies, including environmental action,” said John Roome, who works as Senior Director for Climate Change for the World Bank. “As countries take stock of their Paris Agreement commitments and set a path towards increased ambition, carbon pricing mechanisms with robust pricing levels are proving to be essential elements of the toolkit.”
While the World Bank and other globalist entities push global warming and urge nations to sign onto the Paris accords and enact carbon tax schemes to combat this supposed menace, President Donald Trump is taking a different approach. He wants to bring jobs back to the United States and believes that is more important than bolstering an international carbon market at the behest of globalists.
“The Paris Climate Accord is simply the latest example of Washington entering into an agreement that disadvantages the United States to the exclusive benefit of other countries, leaving American workers — who I love — and taxpayers to absorb the cost in terms of lost jobs, lower wages, shuttered factories, and vastly diminished economic production,” Trump said last year when he officially pulled America out of the Paris agreement.