By Paul Homewood

h/t Philip Bratby

The BBC’s propaganda continues!

The world is heading for mortality rates equivalent to the Covid crisis every year by mid-century unless action is taken, according to Mark Carney.

The former central banker said the investment needed to avert millions of deaths was double current rates.

But with governments ploughing billions into keeping economies afloat, a question mark hangs over whether the recovery will be green enough.

The answer lies in smarter investment, Mr Carney said.

Mr Carney, who was the Bank of England governor up until last year, and the head of the Bank of Canada before that, is now the United Nations envoy for climate action and finance.

He told the BBC that while there were parallels between the Covid-19 pandemic and climate change, damage to the environment and ecosystems has the potential to cause many more deaths.

„One of the biggest issues is you cannot self-isolate from climate,“ he said. „That is not an option. We cannot retreat in and wait out climate change, it will just get worse,“ he told Talking Business Asia: The Climate Change Challenge.

„When you look at climate change from a human mortality perspective, it will be the equivalent of a coronavirus crisis every year from the middle of this century, and every year, not just a one-off event. So it is an issue that needs to be addressed now.“

But governments pouring trillions of dollars into stimulus plans to rescue their ailing economies are mainly addressing job losses and the economic damage inflicted from lockdowns.

Very little of that cash is heading towards reducing carbon emissions, although emissions have fallen in the past year because people aren’t travelling as much.

Mr Carney, who is tasked with persuading policymakers, chief executives, bankers and investors to focus on the environment, said: „The scale of investment in energy, sustainable energy and sustainable infrastructure needs to double.

„Every year, for the course of the next three decades, $3.5 trillion (£2.5tn) a year, for 30 years. It is an enormous investment opportunity.“

He said the answer lies in a global pot of $170tn of private capital which, he says, „is looking for disclosure“.

https://www.bbc.co.uk/news/business-55944570

Carney’s claim that millions will die because of climate change is absurd. The number of people dying as a result of natural disasters is a tiny fraction of what it used to be, and there is no evidence this trend will reverse:

https://ourworldindata.org/natural-disasters

As Our World In Data explain, this decline has been due to economic growth, and there is still room for improvement:

And thanks to steadily improving food production, the incidence of undernourishment has declined substantially:

https://ourworldindata.org/hunger-and-undernourishment

All indicators point to these trends continuing.

Carney inadvertently reveals his real motivation  when he says “It is an enormous investment opportunity.“

This is of course what it is all about. Banks, investment funds and wealthy individuals want nice fat returns on their investments, and government mandated and subsidised green infrastructure provides exactly what they want with little risk.

Who needs risky private sector schemes, when you can get guaranteed profits from the public sector?

.

Carney’s true colours are revealed when he says:

But governments pouring trillions of dollars into stimulus plans to rescue their ailing economies are mainly addressing job losses and the economic damage inflicted from lockdowns.

Very little of that cash is heading towards reducing carbon emissions,

Job losses and economic damage? Why should they concern a man of international finance? They are just the concerns of ordinary people.

via NOT A LOT OF PEOPLE KNOW THAT

https://ift.tt/3twyrRZ

February 6, 2021 at 07:54AM