The Sharm el-Sheikh Implementation Plan
- A global transformation to a low-carbon economy is expected to require investments of at least USD 4-6 trillion a year. Delivering such funding will require a swift and comprehensive transformation of the financial system and its structures and processes, engaging governments, central banks, commercial banks, institutional investors and other financial actors.
Sharm el-Sheikh Implementation Plan
- Highlights that about USD 4 trillion per year needs to be invested in renewable energy up until 2030 to reach net zero emissions by 2050
- A global transformation to a low-carbon economy is expected to require investment of at least USD 4-6 trillion
- Notes with concern the growing gap between the needs of developing country Parties, in particular those due to the increasing impacts of climate change and their increased indebtedness, and the support provided and mobilized for their efforts to implement their nationally determined contributions
Will that be $4,000 from every family or $40,000?
- The UN is asking rich nations for trillions of dollars to help the Global South
- But even at that bargain price, effectively the UN is demanding $1000 US per annum from every man, woman, pensioner and baby in the West
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