“Going Green” Would Cost $76 Trillion
July 6th, 2011
The United Nations has put a price tag on the world “going green” over the next 40 years at $76 trillion, which is over 5x the size of the entire U.S. economy. In the annual report the referred to the change as a “technological overhaul” similar in the magnitude of “the first industrial revolution.”
Two years ago the report estimated that it would cost up to $600 billion a year to achieve this goal, but it has now risen to near $1.9 trillion a year, nearly triple the past estimate. The report calls for “a radically new economic strategy” and “global governance.”
Under the guise of environmentalism, the plan actually states one of its primary goals is “to achieve a decent living standard for people in developing countries, especially the 1.4 billion still living in extreme poverty, and the additional 2 billion people expected worldwide by 2050.” To do so “one half ($38 trillion) of the required investments would have to be realized in developing countries.”
Regardless, the cost over 40 years to “go green” or “achieve a decent standard of living…” is quite high. The investment was not started two years ago and no agreement on who would be primary investors is agreed upon.
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