Skip to content
Catholic Online Logo

By Marshall Connolly, Catholic Online (NEWS CONSORTIUM)

10/23/2013 (2 years ago)

Catholic Online (www.catholic.org)

Global cost through 2020 could exceed $20 trillion.

The world spends $1 billion per day to fight global warming, but reports say that it's still not enough to fight the looming threat of climate change.

$3 bills are phony, but the expense you pay is real.

$3 bills are phony, but the expense you pay is real.

Highlights

By Marshall Connolly, Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

10/23/2013 (2 years ago)

Published in Green

Keywords: Global climate change, cost, taxes, day, spending


LOS ANGELES, CA (Catholic Online) - Global spending on climate change is about $1 billion per day or $359 billion per year. This is five billion less than we earthlings spent in 2012, and half of the $700 billion the World Economic Forum says we need to spend to stop the adverse effects of climate change.

The International Energy Agency is calling for $5 trillion is spending to develop clean energy projects through 2020. The IEA says that the vast majority of funds are still spent on fossil fuel development which contributes to climate change by dumping massive quantities of greenhouse gasses and smog into the atmosphere.

None of this is good. Not global climate change, which is ongoing, or the amount of money requested to combat the problem. The pollution we're producing isn't very good either. In some cities, such as several in China, smog is so terrible that people have trouble seeing and most literally go about their public business wearing masks.

Smog in China is so terrible it impairs daily activity. Still, the government does virtually nothing

Smog in China is so terrible it impairs daily activity. Still, the government does virtually nothing.


The price tag for fighting climate change includes spending on renewable energy projects which are thought to be required to displace fossil fuel industries which contribute the greatest share of greenhouse gasses into the atmosphere.

It's hard not to feel fleeced. The price tag is amazing by any measure. Of course, it can be argued that the price of doing nothing is even greater. However, renewable projects still consume vast amounts of energy to build, damage the environment in unique ways and aren't particularly cost effective. The added funds would address this criticism.

Then again, just about anything is possible with $5 trillion in the bank.

The good news is that the majority of the climate change money isn't coming out of your taxes. Just over a third of the money used to combat climate change comes from the public sector. Most of the money is raised by private investment.

Smog routinely obscures the Los Angeles skyline.

Smog routinely obscures the Los Angeles skyline.


Still, at just a third, the world spends hundreds of millions of dollars per day on climate change. If Americans paid the majority of those funds, then it would roughly cost each taxpayer anywhere from one to three dollars per day in taxes to support these projects, which gives you a sense of how epic the scale of the initiative is.

You also pay more for your energy as well as higher food costs and more. Even the McDonald's dollar menu has gone away, victim of climate change according to the company.

Also troubling in the report is how little money is spent on actual adaptation to global climate change, which is inevitable at this point. Only about 6 percent of the funds were spent on adaptation measures.

Yet, adaptation is probably the best strategy with the greatest return on investment in terms of economic benefit and human lives saved. As some parts of the world become dry and barren, other parts are greening and rainfall is increasing. Some areas will see yet more rainfall and others much less. In all cases, adaptations will need to be made. In some cases, regions will be abandoned and others will be inhabited over the next century or so.

Meanwhile, investments in private industry serve to enrich investors and may not yield returns to the public sector. If public money is to be paid out on the same scale as the status quo, or is doubled as per request, it might be worthwhile to see more of it diverted to adaptation as opposed to risky ventures. We should leave that to the free market and private sector to worry about.

A birth foretold: click here to learn more!

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for May 2016
Universal:
Respect for Women: That in every country of the world, women may be honored and respected and that their essential contribution to society may be highly esteemed.
Evangelization: Holy Rosary: That families, communities, and groups may pray the Holy Rosary for evangelization and peace.



Comments


More Green

Scientists surprised by sudden eruption on Costa Rica volcano. Could the same happen at Mt. Rainier? Watch

Image of Turrialba volcano in Costa Rica has erupted without warning.

By Marshall Connolly (CALIFORNIA NETWORK)

A volcano has erupted in Costa Rica with sudden ferocity, surprising experts who did not believe an eruption was imminent. The plume of ash from the volcano has caused flights to be canceled or diverted. Hundreds of people have reported to the hospital with reports of ... continue reading


Is a Mt. St. Helens eruption imminent? Here's the secret you're not being told Watch

Image of Mt. Rainier as seen from Tacoma. Is this giant awakening from a long sleep? Are the people prepared if so?

By Marshall Connolly (CALIFORNIA NETWORK)

A researcher, who has studied volcanoes for decades, has reached out to Catholic Online to share new information about volcanic activity in the Pacific Northwest. It appears activity is spiking in the region, and neither the public, nor geologists, may be fully ... continue reading


Eruption imminent? Mt. St. Helens quakes as magma rises Watch

Image of Mt. St. Helens steams in this image showing the new dome within the crater.

By Marshall Connolly (CALIFORNIA NETWORK)

Over the past month, we've warned about volcanoes, earthquakes, and what feels like a sudden uptick in global activity.  Although all of the activity seems to fall within "normal" levels, it is still above average and making people uneasy. Now, new reports show ... continue reading


SEE THE SIMULATION: There's a monster sleeping in Southern California and when it wakes, there will be hell to pay Watch

Image of Worse than any shaking, will be the devastation to infrastructure upon which tens of millions of people rely for survival.

By Marshall Connolly (CALIFORNIA NETWORK)

Earthquakes are making the news, not because they're happening, but because they will happen soon, and they will be more violent than anything in recent memory. Great quakes threaten both the Eastern U.S. and the Pacific coast. Now a new revelation about the San ... continue reading


The Eastern U.S. rides atop a horrifying geologic secret. Are you sure you want to know? Watch

Image of The Eastern U.S. could have a major quake of its own, even larger than those that strike the Western U.S.

By Marshall Connolly (CALIFORNIA NETWORK)

Scientists have a new explanation for why mysterious quakes strike the Eastern U.S. when no fault lines are present. The crust of the earth is falling away beneath your feet. LOS ANGELES, CA (California Network) - Contrary to popular belief, Californians don't have a ... continue reading


Skinned alive and left to rot: 'I have no sympathy' (WARNING: GRAPHIC IMAGES) Watch

Image of Animals are inhumanely treated then killed in the name of fashion (TL McCormick).

By Kenya Sinclair (CALIFORNIA NETWORK)

Soft, cuddly, adorable little animals are slaughtered by the thousands in the name of commerce. One Russian fur farmer even admitted she felt satisfaction as she skinned some animals alive or injected them with lethal, but inhumane, drugs that slowly suffocate the ... continue reading


Thoughtcrime or free speech? Oil companies face prosecution for climate change denial, but should they? Watch

Image of Foolish to disbelieve in global warming? Perhaps. 

Criminal? No.

By Marshall Connolly (CALIFORNIA NETWORK)

At what point does it become criminal to promote an idea? Can any idea actually be off limits? These are questions that must be considered as the U.S. government begins a literal witch-hunt against climate change deniers and their corporate sponsors. LOS ANGELES, CA ... continue reading


'We see it:' The realities of global warming are finally accepted around the world Watch

Image of The Paris climate agreement saw Sen. Jeff Merkley state global warming is one of the greatest challenges of our generation (AFP).

By Kenya Sinclair (CALIFORNIA NETWORK)

With more and more nations agreeing that climate change is not only real, but also dangerous, more world leaders are making a move to save the planet. LOS ANGELES, CA (Catholic Online) - Senator Jeff Merkley took the Senate floor last week to say global warming is one ... continue reading


Volcanoes erupting everywhere! Is this a sign? Watch

Image of Popocatepetl erupts in Mexico. Prominent volcanoes in Russia and North Korea are also erupting.

By Marshall Connolly (CALIFORNIA NETWORK)

Thirty-eight volcanoes are erupting right now. Earthquakes are making the news. Is something supernatural about to occur? LOS ANGELES, CA (Catholic Online) - "Take care that no one deceives you," Jesus admonished his disciples in the book of Matthew. The Disciples were ... continue reading


Major quakes predicted - As massive quakes strike the Ring of Fire, North America remains eerily quiet... Watch

Image of North America is overdue for a major quake, but when and where it will strike is impossible to predict.

By Marshall Connolly (CALIFORNIA NETWORK)

Both a psychic and a scientist have predicted the current spate of quakes which have shook Asia, the South Pacific, and South America, and their predictions are on record. The eerie occurrence has many asking if North America is next. LOS ANGELES, CA (California ... continue reading


All Green News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

Daily Readings

Reading 1, First Peter 1:10-16
10 This salvation was the subject of the search and investigation of the ... Read More

Psalm, Psalms 98:1, 2-3, 3-4
1 [Psalm] Sing a new song to Yahweh, for he has performed wonders, his ... Read More

Gospel, Mark 10:28-31
28 Peter took this up. 'Look,' he said to him, 'we have left everything ... Read More

Saint of the Day

Saint of the Day for May 24th, 2016 Image

St. David I of Scotland
May 24: David, the youngest son of Scotland's virtuous ... Read More