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The new religion of climate change is worth $26 billion 


Climate Change alarmism is nothing but a struggle among rich people to secure the new golden goose. It’s all about the Benjamins.

Lise Kingo, CEO of the UN Global Compact, a business initiative for sustainable development, called on entrepreneurs yesterday to become activists. He said it in an event parallel to the climate summit.

About 90% of large companies that make up this initiative understand that sustainable development is key to their future. But only 20% believe they do a good job.

“That is the problem,” he warns, “an integration of sustainable development goals is needed. We have to be radical in order to move forward. ”

The UN Secretary General, António Guterres, considers the transformation towards the carbon-free economy as the greatest opportunity of our time.

There are large corporations that begin to take positions to limit global warming to 1.5 degrees Celsius above the pre-industrial level, encouraged not by saving the planet, but to gain control of the ‘green new deal’.

The Global Compact is the key pillar of the Paris agreements. They also bet on being free of emissions by 2050. “It is a first movement that encourages,” says Guterres, “but it is necessary that many more companies join.”

Those who are part of these ‘green new deal’ believe that combating climate change is not a philanthropic or solidarity objective. Emissions, they say, not only grow but are “much larger than I had imagined 15 years ago.”

Corporations and globalist bodies see that the movement against climate change has gained speed and they know they must seize it. The big challenge, though, is to precisely scale this initial momentum.

The objectives that a company internally sets to reduce emissions is no longer enough, as it was years ago. The UN and this unelected officials want corporations to take control of it all.

The calculations to achieve the goal are not adding up right now, so the UN and the corporations. that control it want to be more forceful. “We have the responsibility of investing in clean energy,” says the CEO of Iberdrola, Ignacio Sánchez Galán.

He called on governments to adopt “faster and more agile” procedures. “Building a solar or wind farm takes 12 months,” he said, “paperwork up to five years.”

One of the coalitions that emerge from this summit is made up of about thirty entities, including banks, of course. They pledge to align their portfolios to “finance” investments that accelerate the development of a sustainable low-carbon economy. No other corporation knows it better. than banks.

CEO’s say banks should set goals. This will create a kind of road map, which will serve to define specific actions with the rest of the social actors.

The groups participating in this international community manage $13 billion in assets. Among them are Citigroup, ING, BNP Paribas and Barclays.

The same objective seeks the Asset Owner Alliance, a group made up of the largest pension funds and insurers in the world.

They commit to create neutral portfolios, with assets that are not associated with carbon. Thus they pressure companies to adopt new business models based on clean energy.

The conclusion of the entrepreneurs, in the words of Roberto Marques, executive president of the cosmetics company Natura, is that “there will not be a single hero” in the battle for sustainable development.

For this reason, he advocates that the action of the private sector, governments and civil society be perfectly integrated. And in this context, he says, “leaders willing to take risks are needed.” What he means is building and strengthening a political structure that is not accountable to anyone, so that it can do whatever it wants; hence the Global Compact.

The decarbonization process is more complex in the most lagging economies on the planet and they need energy to feed their growth, which is why it is uncomprehensible that the UN and other groups want to cut fossil fuels and natural gas consumption by 40% until 2030 and 100% by 2050.

To give a boost to the energy transition in these countries, a group of 24 very active national and regional banks in the developing world yesterday announced a series of initiatives to streamline loans. This is what we have explained before as the initiative to reward countries and governments that will best keep their populations in abject poverty, not to combat climate change or global warming.

Even if all the commitments of the Paris Climate Agreement were respected and followed meticulously, could a measurable change in CO2 emissions or any other type of environmental achievement be obtained. That is, none of the measures suggested by the UN or the Paris Agreement would have any positive impact on global warming, not now, not 100 years from now.

While no significant changes to emissions and other measurable data be evident, the measures contemplated in proposals such as the Green New Deal,  would negatively impact the lives of billions of people around the world. The goal, as explained by Morano, is to keep third world nations impoverished.

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