U.S. Treasury Secretary Janet Yellen said during a speech in Belem, Brazil, on Saturday that the price tag for a global transition to a low-carbon economy amounts to $78 trillion in financing through 2050.
Yellen said that in order to achieve the goal of net-zero global carbon emissions, there would need to be $3 trillion globally in annual financing for the cause, which she said is a top priority for the Biden administration, according to the speech. In order to contribute to this, Yellen vowed to finance green initiatives in developing countries through multilateral development banks and develop “clean energy technologies.” (RELATED: Treasury Department To Create New Climate Czar Role, Expand Climate Change Efforts)
“The transition will require no less than $3 trillion in new capital from many sources each year between now and 2050,” Yellen said during the speech. “This can be leveraged to support pathways to sustainable and inclusive growth, including for countries that have historically received less investment.”
In 2022, global economies provided a record $116 billion to finance climate initiatives in developing countries, which Yellen called “the single-greatest economic opportunity of the 21st century” during the speech.
“Neglecting to address climate change and the loss of nature and biodiversity is not just bad environmental policy,” Yellen said during the speech. “It is bad economic policy.”
Yellen boasted in her speech about the commitments the Biden administration has put forth toward forwarding these green initiatives to achieve their “climate goals.” (RELATED: Kamala Harris Co-Sponsored A Green New Deal. Now, She’s Running For The Oval Office)
“At home, we are implementing the Inflation Reduction Act, the most significant climate legislation in our nation’s history,” Yellen said during the speech. “It is driving hundreds of billions of dollars of investments in the clean energy technologies and industries that will propel us toward our climate goals and fuel our economic growth.”
The Inflation Reduction Act allocated $370 billion to subsidize climate initiatives like electric vehicles and other technologies that are essential to President Joe Biden’s green agenda.
Stop letting these political charlatan's get away with lying their arses off and taking us down ruinous paths for their self serving, political objectives.
Energy transition is a hoax
45 responses
Started by metmike - April 15, 2023, 5:50 p.m.
https://www.marketforum.com/forum/topic/94557/
There Is No Energy Transition, Just Energy Addition
https://wattsupwiththat.com/2023/03/12/there-is-no-energy-transition-just-energy-addition/
While wind and solar power are taking a larger piece out of a growing world primary energy pie, fossil fuels are expected to have more absolute growth through 2050.
As Liberty Energy CEO Chris Wright explained in his viral video a few weeks ago, dishonest terminology surrounds the climate debate. One of these terms is “Energy Transition”. The term’s use gives the impression that there exists a quick, easy and scalable alternative to eliminate fossil fuel use without serious impact on people.
Previous threads:
Re: Re: Re: Re: TRUE UNEMPLOYMENT NUMBERS
LIVE: Treasury Sec. Janet Yellen testifies before the House Financial Services Committee — 7/9/24
https://www.youtube.com/watch?v=W_-XY4SLjOc
Closed minded cheerleader, Maxine Waters starts it off with a rambling political statement endorsing the worst Treasury Sec in history.
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Re: Re: Re: Re: Re: Re: TRUE UNEMPLOYMENT NUMBERS
By metmike - July 9, 2024, 7:43 p.m.
Yellen even went to Ukraine!
one Of the most powerful people making important financial decisions for the future of our country advocating flushing 200,000,000,000 of our money down the toilet to kill people and obliterate Ukraine for a political agenda, when we have a debt crisis.
And pretending that it’s to support Ukraine, when Ukrainians WANT PEACE WITH RUSSIA!
NATO hijacked Zelensky to sell their war and to offer up his brave soldiers and send them on suicide missions.
Janet Yellen has done her best to make sure the US comes thru with most of the money and weapons to finance this completely counterproductive effort by NATO to try to add Ukraine to the dozens of countries it’s added with its destroy Russia objective.
there are hundreds of more productive ways the United States could have used that money.
in fact, burning all of it in a fire would have been a much better idea than to use it to create enemies, destroy the future of the US dollar, cause supply side global inflation in addition to the more obvious impacts to the millions of real HUMAN BEINGS that Yellen and the other elites consider to be dispensable units with no value except how they can serve their/her diabolical agenda!
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Janet Yellen
Started by metmike - Dec. 14, 2023, 9:22 a.m.
https://www.marketforum.com/forum/topic/101235/
The worst treasury secretary in history, clearly a democrat is now campaigning for Biden to demonstrate more how biased and political she's been.
Janet Yellen says the Trump administration’s China policies left the US more vulnerable
https://apnews.com/article/us-china-trump-yellen-trade-economics-bc95b3a1c03eb7df30ce5eafa3a5ea7a
Extremely dangerous leaders like Yellen are exactly why my vote is going to Trump, despite the fact that Trump is the worst R candidate in history by an extremely wide margin but NOT worse than what the D leadership, especially what Harris is promising.
Harris WILL very likely keep Yellen.
Trump will most certainly fire Yellen, hopefully on day 1.
The worst Treasury Secretary in history and most extremely affiliated with a party (political) in history continues to demonstrate why I have had this view.
More complete rubbish on politics and especially on the fake climate crisis which is allowing close to a trillion dollars to flow into crony capitalism and political agendas.
This is the most RUINOUS view for a person in her position to have. As if we are going to fix the climate (which is actually a climate optimum, with the best weather/climate in the last 1,000 years-the last time it was this warm) on a greening planet from beneficial, increasing CO2.
Dial in the beneficial CO2 to the climate optimum and for most life on this planet, these are the best conditions since humans have existed.
Death by Greening:
https://www.marketforum.com/forum/topic/69258/
You remember this commercial?
https://www.youtube.com/watch?v=2MXqb1a3Apg
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