The World Bank
recently issued a paper
Mobilizing the Billions and
Trillions for Climate Finance, in which they
state: “Over the next 15 years, the global economy will require an estimated $89
trillion in infrastructure investments across cities, energy, and land-use
systems, and $4.1 trillion in incremental investment for the low-carbon
transition to keep within the internationally agreed limit of a 2 degree Celsius
Thomas Peterson, principal scientist at the National Oceanic and Atmospheric
Administration, points out, “There are factors other than CO2
governing surface temperature and therefore global warming”.
If policy makers
continue to be totally fixated on CO2 then they are not likely to
keep atmospheric increase to the limit they have agreed to.
Further it is likely
trillions of dollar will be wasted in the name of that unfulfilled goal.
Nature has provided
examples in the past decade of how to limit atmospheric warming and sea level
rise. If we do not learn from those examples the future of our grandchildren is
Renewable energy is
manufactured energy that allows us to harness the resources Nature
provides at no cost.
The manufacturer of the
infrastructure that can harness these resources are able to benefit from the
revenue streams of both the energy and manufacturing sectors.