Net-Zero Gambit Depends on Green Subsidy Gusher

Net-Zero Gambit Depends on Green Subsidy Gusher

"A group of 450 financial firms attending the U.N.’s COP-26 climate conference in Glasgow have generously pledged $130 trillion in capital to finance a global transition to obtain net-zero carbon emissions. That’s more than 135 percent of the world’s gross domestic product in 2021.
They’ve made this commitment in the expectation that government mandates, handouts, and incentives will force fossil fuel and nuclear energy industries out of business, to be replaced by politically favored wind and solar, and artificial demand created for electric vehicles, which currently constitute only 3 percent of automotive sales.

This big government spending switcheroo from free market capitalism to corporate socialism, or state capitalism, doesn’t come cheap...Read all.