For all those climate alarmists who are up in arms about what they consider the billions of dollars supposedly supporting CAGW skeptics, here’s a bit of reality therapy: The money supporting alarmism amounts to about $1.5 TRILLION a year, according to an expensive 200 page report on the climate change consulting market that came out in April, summarized by Don Jergler in his July 30 Insurance Journal article “Is Climate Change Now Its Own Industry?”
Jergler reports, “The $1.5 trillion global ‘climate change industry’ grew at between 17 and 24 percent annually from 2005-2008, slowing to between 4 and 6 percent following the recession with the exception of 2011’s inexplicable 15 percent growth, according to Climate Change Business Journal.”
If 1/1000th as much ($1.5 billion) were funding the skeptics, I’d be shocked.
Paul Driessen expands on this a bit:
… this Climate Industrial Complex can be divided into nine segments: low carbon and renewable power; carbon capture and storage; energy storage, like batteries; energy efficiency; green buildings; transportation; carbon trading; climate change adaptation; and consulting and research. Consulting is a $27-billion-per-year industry that handles “reputation management” for companies and tries to link weather events, food shortages and other problems to climate change. Research includes engineering R&D and climate studies.
The $1.5-trillion price tag appears to exclude most of the Big Green environmentalism industry, a $13.4-billion-per-year business in the USA alone. The MacArthur Foundation just gave another $50 million to global warming alarmist groups. Ex-NY Mayor Michael Bloomberg and Chesapeake Energy gave the Sierra Club $105 million to wage war on coal (shortly before the Club began waging war on natural gas and Chesapeake Energy, in what some see as poetic justice). Warren Buffett, numerous “progressive” foundations, Vladimir Putin cronies and countless companies also give endless millions to Big Green.
Our hard-earned tax dollars are likewise only partially included in the CCBJ tally. As professor, author and columnist Larry Bell notes in his new book, Scared Witless: Prophets and profits of climate doom, the U.S. government spent over $185 billion between 2003 and 2010 on climate change items – and this wild spending spree has gotten even worse in the ensuing Obama years. We are paying for questionable to fraudulent global warming studies, climate-related technology research, loans and tax breaks for Solyndra and other companies that go bankrupt, “climate adaptation” foreign aid to poor countries, and much more.
Also not included: the salaries and pensions of thousands of EPA, NOAA, Interior, Energy and other federal bureaucrats who devote endless hours to devising and imposing regulations for Clean Power Plans, drilling and coal mining bans, renewable energy installations, and countless Climate Crisis, Inc. handouts. A significant part of the $1.9 trillion per year that American businesses and families pay to comply with mountains of federal regulations is also based on climate chaos claims.
Add in the state and local equivalents of these federal programs, bureaucrats, regulations and restrictions, and we’re talking serious money. There are also consumer costs, including the far higher electricity prices families and businesses must pay, especially in states that want to prove their climate credentials.
The impacts on companies and jobs outside the Climate Crisis Industry are enormous, and growing. For every job created in the climate and renewable sectors, two to four jobs are eliminated in other parts of the economy, studies in Spain, Scotland and other countries have found. The effects on people’s health and welfare, and on overall environmental quality, are likewise huge and widespread.
But all these adverse effects are studiously ignored by Climate Crisis profiteers – and by the false prophets of planetary doom who manipulate data, exaggerate and fabricate looming catastrophes, and create the pseudo-scientific basis for regulating carbon-based energy and industries into oblivion.
If money can corrupt science (and it can), where’s the greater corruption likely?
Featured image from Creative Commons, courtesy of CheapFullCoverageAutoInsurance.com, used by permission.
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