General Category > World News

UN Fury: World Leaders Just Failed to Deliver $100 Billion / Year Climate Deal

(1/1)

Elderberry:
Watts Up With That? by Eric Worrall 6/22/2021

Despite green claims that renewables are now the cheapest form of energy, according to the UN the renewable revolution simply won’t happen without billions of dollars of sustained international financial support.

    UN blasts world leaders for failing to seal £72bn-a-year deal on climate

    Financial aid ‘critical’ to help developing countries limit fossil fuels – and make Cop26 a success, says UN

    Toby Helm & Robin McKie
    Sun 20 Jun 2021 19.30 AEST

    The head of climate change at the UN has warned that world leaders are still “far away” from securing a deal to limit the disastrous effects of global heating, with less than five months to go before a key summit in Glasgow.

    Compare the government funded monstrosity the UN is trying to assemble to a genuine energy revolution.

    … When a clean-burning kerosene lamp invented by Michael Dietz appeared on the market in 1857, its effect on the whaling industry was immediate. Kerosene, known in those days at “Coal Oil”, was easy to produce, cheap, smelled better than animal-based fuels when burned, and did not spoil on the shelf as whale oil did. The public abandoned whale oil lamps almost overnight. By 1860, at least 30 kerosene plants were in production in the United States, and whale oil was ultimately driven off the market. When sperm oil dropped to 40 cents a gallon in 1895, due to lack of demand, refined petroleum, which was very much in demand, sold for less than 7 cents a gallon. …

    Read more: http://www.sjvgeology.org/history/whales.html

If renewable energy was genuinely the more affordable option, it would be like the kerosene / whale oil revolution all over again. Nobody would be demanding handouts to switch to renewables. People would be flocking to renewables of their own free will.

More: https://wattsupwiththat.com/2021/06/22/un-furious-world-leaders-just-failed-to-deliver-72-billion-year-climate-deal/

PeteS in CA:
More accurately "World Leaders Failed to Deliver the UN's $75 Billion Cut Off the Top".

Navigation

[0] Message Index