‘The Climate Crisis & Renewable Energy Industry has become a $1.5-trillion-a-year business’
That’s equal to the annual economic activity generated by the entire US nonprofit sector, or all savings over the past ten years from consumers switching to generic drugs. By comparison, annual revenues for much-vilified Koch Industries are about $115 billion, for ExxonMobil around $365 billion.
According to a 200-page analysis by the Climate Change Business Journal, this Climate Industrial Complex can be divided into nine segments: low carbon and renewable power; carbon capture and storage; energy storage, like batteries; energy efficiency; green buildings; transportation; carbon trading; climate change adaptation; and consulting and research. Consulting alone is a $27-billion-per-year industry that handles “reputation management” for companies and tries to link weather events, food shortages and other problems to climate change. Research includes engineering R&D and climate studies.
The $1.5-trillion price tag appears to exclude most of the Big Green environmentalism industry, a $13.4-billion-per-year business in the USA alone. The MacArthur Foundation just gave another $50 million to global warming alarmist groups. Ex-NY Mayor Michael Bloomberg and Chesapeake Energy gave the Sierra Club $105 million to wage war on coal (shortly before the Club began waging war on natural gas and Chesapeake Energy, in what some see as poetic justice). Warren Buffett, numerous “progressive” foundations, Vladimir Putin cronies and countless companies also give endless millions to Big Green.
