COP27 — UN calls for “transformation” of the global financial system
By David Wojick |November 22nd, 2022|Climate, Economy|1
Wanting ever more money and getting very little, the UN climate agenda is now calling for the global financial system to bend to its will. I am not making this up. Here is the exact quote from the COP27 final statement, under the heading Finance:
“The Conference of the Parties…Highlights that about USD 4 trillion per year needs to be invested in renewable energy up until 2030 to be able to reach net zero emissions by 2050, and that, furthermore, a global transformation to a low-carbon economy is expected to require investment of at least USD 4–6 trillion per year. Also highlights that delivering such funding will require a transformation of the financial system and its structures and processes, engaging governments, central banks, commercial banks, institutional investors and other financial actors…” (Emphasis added.)
So they want at about $10 trillion a year, or more. That would indeed be a transformation of the financial system! Note that this does not include reparations for loss and damage. That potentially much greater financial flow (as it is called in UN speak) is extra.
https://www.cfact.org/2022/11/22/cop27-un-calls-for-transformation-of-the-global-financial-system/
