CLIMATE MONEY
by Joanne Nova
The Climate Industry: $79 billion so far – trillions to come
SPPI ORIGINAL PAPER X July 21, 2009
CLIMATE MONEY
by Joanne Nova | July 21, 2009
Summary for Policy Makers
The US government has spent over $79 billion since 1989 on policies related to
climate change, including science and technology research, administration, education
campaigns, foreign aid, and tax breaks.
A dedicated but largely
uncoordinated grassroots
movement of scientists has
sprung up around the globe to
test the integrity of the theory
and compete with a well
funded highly organized
climate monopoly. They have
exposed major errors.
Despite the billions: “audits” of the
science are left to unpaid volunteers. A
dedicated but largely uncoordinated grassroots
movement of scientists has sprung up around
the globe to test the integrity of the theory and
compete with a well funded highly organized
climate monopoly. They have exposed major
errors.
Carbon trading worldwide reached $126
billion in 2008. Banks are calling for more
carbon‐trading. And experts are predicting the
carbon market will reach $2 ‐ $10 trillion making
carbon the largest single commodity traded.
Meanwhile in a distracting sideshow, Exxon‐Mobil Corp is repeatedly attacked
for paying a grand total of $23 million to skeptics—less than a thousandth of what
the US government has put in, and less than one five‐thousandth of the value of carbon
trading in just the single year of 2008.
The large expenditure
in search of a
connection between carbon and climate
creates enormous momentum and a
powerful set of vested
interests. By
pouring so much money into a question
have we
inadvertently created a self‐
fulfilling prophesy instead of an unbiased
investigation?
By pouring so much money into a
question have we inadvertently
created a self‐ful