IFC hopes to tap pensions for climate capital | Reuters
(Reuters) - The World Bank investment arm, the International Finance Corporation, hopes to entice pension funds to inject capital into fighting climate change in the next few months, the global head of its climate business group said.Global carbon market growth stalls in 2010 | Reuters
Pension and sovereign wealth funds control an estimated $28 trillion but less than one percent currently goes into climate-related activity.
"If the CDM stays at $1.5 billion we simply will not be in the business because that amount of money is just not enough (to fight climate change)," said Andrew Steer, the bank's special envoy for climate change.Hari Watch – purple prose alert! | Adventures in Time Travel
That means goodbye London, Cairo, Bangkok, Venice and ShanghaiExponential Growth Of Climate BS | Real Science
Once you compound a 20% error five times, you have a 250% error. That is where all these idiotic claims of 10 degree temperature rise, multi-metre sea level rise, etc. come from.
There is a fundamental institutional incompetence in the alarmist community which needs to be eliminated.
No comments:
Post a Comment