The Global Ruling Class Wants $78 Trillion from Us to Fund Its Pet Climate Projects So They Can Grift Off It
Guest Post from the Institute for Energy Research.
According to Biden-Harris Treasury Secretary Janet Yellin, the energy transition will cost the world $78 trillion through 2050 ($3 trillion a year) with the United States paying almost $25 trillion of that bill, which is about $1 trillion per year–more than the United States spends on the nation’s defense.
That money is to fight the effects of climate change by forcing an energy transition from hydrocarbons to renewable energy, regardless of how expensive that transition may be.
The money would go towards meeting President Biden’s commitment to the U.N. Paris Accord, a measure never ratified by the U.S. Senate. To make the public subservient, scare tactics have been used. The most memorable was when Al Gore preached the devastation from global warming by scaring the public and most notably school children, spouting a sea-level rise of 20 feet.
Under President Biden, the climate change spending movement began with the Democrat-passed Inflation Reduction Act that was supposed to cost taxpayers $369 billion in climate spending. But the congressional budget estimators misjudged the number of firms and consumers wanting to reduce their taxes by capturing tax credits and other incentives of the bill with estimates now showing the bill will cost over a trillion dollars—three times the original estimate.
This has been exacerbated by the Biden-Harris Administration’s interpretations of the law, which have taken the most liberal reading, ending up costing taxpayers more–all under Janet Yellen’s treasury Department.
But that may be just a drop in the bucket compared to the $10 trillion Kamala Harris announced for climate change when she ran for the Presidency. She also wanted to ensure 100 percent carbon-neutral electricity within six years, which is much quicker than President Biden’s plan for carbon neutrality of the electric sector slated for 2035.
Kamala Harris is an avid supporter of the Green New Deal championed by Rep. Alexandria Ocasio-Cortez and she believes that it is not just a climate crisis but a climate disaster, which means she may very well take the drastic measures advocated by Rep. Ocasio-Cortez to ensure she institutes her climate policies.
Janet Yellin Sets the Scene
Speaking in Brazil, Janet Yellen, after meeting with G20 finance ministers to discuss economic development, emphasized the need for stronger climate finance policies through 2050 to address the “existential threat” to communities and economic strain posed by climate change. This is a term used widely by the Biden-Harris Administration.
According to Janet Yellen, in order to achieve the goal of net-zero global carbon emissions, there would need to be $3 trillion globally in annual financing for the cause. In order to contribute to this, Yellen vowed to finance green initiatives in developing countries through multilateral development banks and develop “clean energy technologies.”
“The transition will require no less than $3 trillion in new capital from many sources each year between now and 2050,” Yellen said. “This can be leveraged to support pathways to sustainable and inclusive growth, including for countries that have historically received less investment.”
“Neglecting to address climate change and the loss of nature and biodiversity is not just bad environmental policy,” Yellen said. “It is bad economic policy.”
In 2022, global economies provided a record $116 billion to finance climate initiatives in developing countries, which Yellen called “the single-greatest economic opportunity of the 21st century” during the speech. Note that the $116 billion spent in 2022 is less than 4 percent of Yellen’s $3 trillion a year funding requirement.
Biden-Harris Initiative: “Community-Driven Solutions to Cut Climate Pollution Across America.”
The Biden-Harris Environmental Protection Agency (EPA) is providing a combined $4.3 billion to help fund 25 applicants to build “community-driven” climate projects across 30 states. The projects include electric vehicle (EV) charging station construction, funds to help local governments expedite green energy siting and programs to enhance heat pump adoption.
The Climate Pollution Reduction Grants program was established by the Inflation Reduction Act. The 25 winning applications were selected from a pool of approximately 300 applications.
Specific projects funded include an initiative to ramp up heap pump use in New England and Alaska, industrial decarbonization in Pennsylvania and a multi-state coalition that will look to enhance EV charging infrastructure along the I-95 corridor. The contracts are expected to be signed and funds allocated by this fall so that they cannot be reversed by a new administration, should one be victorious in November.
This new initiative is one small piece of the Biden Inflation Reduction Act, with its trillion dollars of subsidies for uneconomic projects. This initiative serves as an example that the new investments and technologies to transform the U.S. energy economy in the Biden-Harris administration are going to come from federal selection and subsidizing of various projects originating out of state and local governments (i.e. “communities”), regardless of the cost.
Traditionally, the way to an efficient and reliable energy system in America was through profit-driven businesses competing with each other to find the most cost-effective solutions. The Biden-Harris idea is that local governments or “communities,” will run the economy, directed and supported by funding from the federal government. The unifying aspect of all of these projects is that they are uneconomic and would never be adopted by Americans, who could choose how to spend their money.
Conclusion
The climate agenda of the Biden-Harris administration is being funded by the Democrat-passed Inflation Reduction Act of 2022 that is costing American taxpayers three times the original estimated cost.
But a Harris administration would be even worse than a Biden-Harris administration, costing American taxpayers 10 times as much, with climate likely to be labeled as an emergency, which would give a “President Kamala” powers akin to Covid lockdowns experienced by Americans just a few short years ago.
And, rather than letting the market determine what is economic and desirable by the public, there will be more funding projects that enable their goals, just as electric vehicles and charging stations are being forced on the American public and auto manufacturers by the Biden-Harris administration.
#Yellen #IER #Energy #Solar #Biden #Harris #DOE #IRA #Wind #Climate #Grift
Do you want to live in the squalor and drudgery and misery of the pre-industrial age? HELL NO!
HANDS OFF MY GAS STOVE! I LOVE MY GAS STOVE! Ever try to cook on an electric stove - absolute nightmare!
Anyone with 2 brain cells would know that 'NET ZERO' is an utterly insane off the charts idiocy, an absolute mathematical, physical, statistical and practical impossibility that can never be achieved or exist in reality!
Can't say this often enough! CLIMATE CHANGE IS AN EVEN WORSE FRAUD THAN THE PLANSCAMDEMIC! SO-CALLED GREEN TECH IS A GIGANTIC SCAM! MINING AND MANUFACTURING 'GREEN' PRODUCTS NEEDS COAL, GAS AND OIL AND MINING RARE MINERALS IS MORE ENVIRONMENTALLY TOXIC AND DESTRUCTIVE THAN LEGACY PRODUCTS. SCREW YOUR DAMNED GREEN GRIFT AGENDA! https://climateviewer.com
It's always since the dawn of history, been about using knowledge for power and control by the psycho portion of the human population that learned how to manipulate 'normies' to obey them in their power-mad power trips.
In these modern times, this evil has become TECHNOCRACY, the vilest threat to the existence of all life on earth since forever!
EW! GROSS! HELL NO! https://www.technocracy.news
NOT MY BRAIN/MIND! NOT MY BODY! NO WAY, NO HOW, NOT PLAYING YOUR AI QUANTUM STUPID-ASS VIDEO GAMES! I AM LIVING IN THE REAL WORLD CREATING ART AND PERFORMANCES!
The more I learn about this stuff, the more sickened, nauseated and horrified I get, and I wonder what kind of inhuman psychopath loonies make this crap and want to use it!?
THIS IS PURE SATANIC EVIL! IT IS MEANT TO DESTROY BILLIONS OF YEARS OF CREATION IN THE ATTEMPT OF TOTAL SLAVERY CONTROL BY POWER-MAD PSYCHOS!
I DO NOT COMPLY! NEVER HAVE, NEVER WILL! May more and more wake up and resist and cultivate their health.
There is a fate worse than death - I would rather die than be a robotized slave of technocratic overlords! This is my hill to die on!
I have a landline and a wired laptop and a wired monitor screen, all the tech anyone should ever want or need. I never had and refuse to ever have one of those infernal mobile devices that are designed to enslave you.
My loathing of AI and all things NANO and digital knows no bounds!
SCREW THE FEAR FAKERY! NO TRUSTING THE WEF RULING CLASS EVER!
Reiterating for the sake of newbies and to support this post.
I have no fear of 'germs' or 'viruses'. One of the best places to go for reality: https://virustruth.net
I try to live without fear! Fear is the mind-killer!
PROPAGANDA CAMPAIGNS BY POWERFUL, WEALTHY CRIMINALS WITH EVIL INTENT CAN CAUSE ALL KINDS OF HAVOC! QUESTION EVERYTHING!
And these, the criminals behind the NAC and all the other schemes will use hypochondria hysteria and 'climate' hysteria to propagandize the gullible 'sheeple' into complying with TOTAL ENSLAVEMENT which is what this is really about!
A vast majority of so-called leaders and Public 'Serpents' around the world have been bribed, blackmailed/coerced into serving the interests of their technocratic New World Ordure parasite masters and not We the People.
GREED is behind every evil assailing us in the world!
The demonic despots of Davos at it again! They are behind everything bad! At it for decades and cronies like The Rothschilds and the Black Nobility and The Khazarian Mafia have been plotting planetary domination for centuries! ALL BECAUSE OF AVARICE!
We the People must try harder to live by The Golden Rule, doing so would solve most problems!
THEY can't get rid of the 'useless eaters' fast enough! Mistakes were not made, it was always malice aforethought.
AUTISM TSUNAMI/SADS/TURBO CANCER/BIZARRE TERMINAL ILLNESSES: More tragic victims of the ruling parasite genocidal enslavement agenda, sacrificed on the altar of psychopathic greed and hatred of humanity.
Migrant/Entrant Invasion/Infrastructure Attacks - all part of the destructive plot to achieve total slavery!
Apoplectic livid rage hardly describes the intensity of emotions I have had and am having over what these malignant globalists are perpetrating!
There is no noxious crime that the evildoers desiring to lord it over us won't commit to maintain their stranglehold on power. A groundswell critical mass resistance to their murderous enslavement plans is needed urgently!
Creative performing arts, fine arts and literary arts are the best part of being human and the thing the globalist predator technocrat megalomaniac total slavery control freaks most want to destroy.
Too many 'sheeple' are brainwashed to blindly obey authority figures on the media or in daily life in corrupt system ruled by control freak psychopaths who use propaganda lies to enslave their subjects and they are dumbed down to be obedient by 'education' institutions. Fortunately I was raised to question everything. This transcends party lines. We need a system that punishes psychopaths and rewards compassion and sharing, we need a system that actually follows The Constitution in reality.
Kudos to Thomas J Sheptone's heroic efforts and success in the struggle. We the People must always be aware of the existential threats lurking behind this fight!
How I stick my thumb in the eyes of the grotesque billionaire bastards pushing their enslavement agenda and how I embrace being fully human.
Fighting the globalist predator technocrat psychopath megalomaniac TOTAL SLAVERY AGENDA one performance at a time!
Amazing Amy: Eccentric Yoga Entertainer!
As an entertainer, I have been devastated and practically destroyed by the closure of all performance venues and then when they reopened, because MY BODY, MY CHOICE - being made a total untermenschen pariah outcast in NAZI NIGHTMARE LAWLESS 'SHOW ME YOUR PAPERS' JAB CROW APARTHEID/DISCRIMINATION/SEGREGATION HELL NYC WHERE THE MAD/DRUNK WITH POWER TYRANT POLS DOUBLE DOWN ON THEIR ILLEGAL MANDATES. I am trapped here with zero financial resources to leave or do anything else about this 'wish I were dead' endless misery life has become. The tragic irony is that my SPREAD THE YOGA LOVE performances are all about health, miraculously overcoming age (69) and injury to achieve feats of flexibility few can attain at any age. So BIG PHARMA who wants to addict every person on the planet to their toxic products hate people like me who prove that we do not need them if we eat healthy organic food and exercise daily!
https://www.reverbnation.com/artist/amazingamycontortionistuniqueyogadancer
I try and live and embody the creative performing artistic world and life I so fervently want existence to be about.
They can stick their f*cking damned NANO, Digital IDs, AI, jabs and chips up their asses where the sun don't shine!
All manner of lies and propaganda spew forth from the upper echelons in governments worldwide who are completely intertwined with the global criminal ruling class that wants to commit the worst atrocities imaginable and suffer no consequences. And their corruption slithers down the chain of command creating petty tyrants everywhere.
We the People are facing HORRIFYING TECHNOCRATIC PSYCHOPATHY TO DESTROY HUMANITY AND ALL NATURAL LIFE!
It was NEVER about health! The Powers That Should Not Be were ALWAYS about they want you DEAD or a SLAVE! This is a painful truth to accept but we the people must wake up and fight back!
We must never lose sight of the larger picture of the vile malignance we are fighting against.
There is an insidious global ruling class plot to enslave all life on earth behind all the madness and suffering inflicted on We the People.
How to fight back against this TOTAL SLAVERY!
RESIST! DO NOT COMPLY! DITCH THE DAMNED 'SMART' PHONES AND THE DAMNED QR CODES AND GO BACK TO LANDLINES OR FLIP PHONES AND USE CASH AS MUCH AS POSSIBLE! INSIST ON CASH! CBDC IS TOTAL SLAVERY!
Other than getting rid of nuclear weapons which I support 100% the rest of the anti-nuclear peace movement and CLIMATE CRISIS propaganda is parroting UN utter GARBAGE, a complete surrender to the ENSLAVEMENT AGENDA by the diabolical despots of Davos - ruling class criminals who lust for total power and control and all of whom should be tried and jailed for life and their malign organizations dismantled: the UN, the WEF, the IMF, the WHO, the BIS, NATO, Blackrock, Vanguard, The Rockefellers, the Rothschilds, The Bilderbergers, the CFR et al.
There is an evil predator globalist technocratic elite agenda of eugenics/depopulation/genocide using bioweapon poison jabs, war, geoengineering, EMF radiation, starvation and economic collapse - THE GREAT RESET/AGENDA 2030/4TH INDUSTRIAL REVOLUTION to get rid of billions of 'useless eaters' and to use nano tech to turn the survivors into ROBOTIZED COMPLIANT SLAVES! WAKE UP AND RESIST! DO NOT COMPLY! These are psychopath megalomaniacs who want to play god by turning all life into digitized metaverse mechanistic synthetic biology to be manipulated by their AI algorithms. A more demonic sickening idea is nearly impossible to imagine!
APPALLED AND HORRIFIED AT INSANE TYRANNICAL PROTOCOLS THAT HAVE NOTHING TO DO WITH HEALTH AND EVERYTHING TO DO WITH TOTALITARIAN CONTROL! REVERSE THIS NOW!
MAKE THE WORLD AND AMERICA 2019 (comparatively speaking), AND FREE AGAIN!
NO, I AM NOT AFRAID OF THE MORONIC SCARIANT SHMARIANT MONKEYSHINES! WAKE UP ALREADY!
TOTALLY CONDEMN BIDEN AND ALL OTHER POLS WHO HAVE NO POWER TO LAWLESSLY ACT LIKE AN EMPEROR OR DICTATOR AND DECREE JAB CROW 'SHOW ME YOUR PAPERS' FASCIST SEGREGATION/DISCRIMINATION/APARTHEID VIOLATIONS OF THE CONSTITUTION, THE NUREMBERG CODES AND EVERY CIVIL RIGHT IMAGINABLE.
NO GREEN NEW DEALS OR BUILD BACK BETTER FROM THE CRIMINAL TECHNOCRAT TYRANTS KLAUS SCHWAB AND HIS CRONIES FROM THE WORLD ECONOMIC FORUM.
STOP THE TERRIBLE TYRANNY OF THE TECHNOCRATS GLOBAL AGENDA OF TOTAL SURVEILLANCE AND CONTROL USING THE VIRUS AS EXCUSE AND PROPAGANDA TOOL!
NO MUZZLING STIFLING MASK MANDATES! NO FORCED VACCINES! END TORTUROUS DEVASTATING LOCK DOWNS NOW! I WANT MY LIFE BACK.
Climate hoax is the best lie ever. The grift that keeps on giving! The WEF is laughing at our gullibility. Not one iota of climate change will result from the trillions of wasted dollars on these hairbrained pursuits. God help us if the dems steal the next election again.