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Politics Science

Paris Summit Finds New Money, Tech To Fight Climate Change (apnews.com) 203

An anonymous reader shares an Associated Press report: World leaders, investment funds and energy magnates promised Tuesday to devote new money and technology to slow global warming at a summit in Paris that President Emmanuel Macron hopes will rev up the Paris climate accord that U.S. President Donald Trump has rejected. Trump wasn't invited to the event but his name was everywhere. One by one, top world diplomats, former California governor Arnold Schwarzenegger, business leaders like Michael Bloomberg and even former U.S. Secretary of State John Kerry insisted that the world will shift to cleaner fuels and reduce emissions regardless of whether the Trump administration pitches in or not. Central to Tuesday's summit was countering Trump's main argument that the 2015 Paris accord on reducing global emissions would hurt U.S. business. Macron, a 39-year-old former investment banker, argues that the big businesses and successful economies of the future will be making and using renewable energy instead of pumping oil. Macron's office announced a dozen international projects emerging from the summit that will inject hundreds of millions of dollars in efforts to curb climate change. "The United States did not drop out of the Paris agreement. Donald Trump got Donald Trump out of the Paris agreement," Schwarzenegger said. The projects also aim to speed up the end of the combustion engine to reduce the emissions that contribute to global warming. With that aim, World Bank President Jim Yong Kim announced that his agency would stop financing oil and gas projects in two years, except in special circumstances for very poor nations.
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Paris Summit Finds New Money, Tech To Fight Climate Change

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  • Money to be made. (Score:5, Insightful)

    by Gravis Zero ( 934156 ) on Tuesday December 12, 2017 @02:54PM (#55726571)

    I've always said that even if you don't buy into climate change that simply ignoring it is stupid because it's a huge economic opportunity. I think it's simply been that politicians have been paid enough to turn a blind eye and keep the status quo for as long as possible. The reality is that renewable energy sources are not limited to locations that a small collective of companies own which means that there can be lots of competition that will drive the price of energy way down. Energy companies want to bleed the all the money they can out of people and some idiots think that's a good thing.

    The age of hydrocarbons is coming to an end... and now we have to clean it all up.

    • I've always said that even if you don't buy into climate change that simply ignoring it is stupid because it's a huge economic opportunity.

      Well, the US pulling out of the agreement does NOTHING to negate the ability of private US industries from participating and acting upon that "huge economic opportunity".

      Business WILL go towards areas that make money.

    • Mod Parent Up. This is exactly right.

      Ambient energy is a huge wild west free market right now. And you only get MORE freedom by doing a year long environment study, choosing the technologies that fit your climate, and building/harvesting energy from that climate.

    • I've always said that even if you don't buy into climate change that simply ignoring it is stupid because it's a huge economic opportunity.

      I totally agree, which is why I see no need for giant government programs costing billions of dollars. The economic benefit of moving to renewable sources is eventually so cost effective it is inevitable; so we do we need to try to force people into something we know is eventually inherently compelling?

      There's no way the larger warming predictions are accurate because th

      • I totally agree, which is why I see no need for giant government programs costing billions of dollars.

        Then why haven't you been screaming about them subsidizing coal and oil for the past century?

        The economic benefit of moving to renewable sources is eventually so cost effective it is inevitable; so we do we need to try to force people into something we know is eventually inherently compelling?

        It will cost more to clean up the longer we pump CO2 into the atmosphere so it's actually saving money in the long run.

        There's no way the larger warming predictions are accurate because they are all predicated on CO2 levels staying where they are. That's simply not going to happen as people everywhere switch to cheaper non-carbon energy.

        Of course not because there are going to be industries that continue to put out CO2 and methane and trees are not going to be able to "suck it all up" because that's not how trees function. Other feedback mechanisms we don't know or haven't fully considered are going to make the planet even hotter.

    • The institutionalised bribery system of the worlds largest economy, otherwise known as lobbying, has been staggering the world for some time.
      Isnâ(TM)t it time to change to an actual democracy that represent its people?

      • Isn't it time to change to an actual democracy that represent its people?

        Yes but change will not come fast. It's a slow road that will need a concerted effort in all the states that don't have independent groups to do non-political redistricting. That's just the first step too. :/

  • The conference was more political posturing to little effect, otherwise they would have all done a large group video chat instead of expelling 30K tons of CO2 [theguardian.com] in air travel alone.

    Is there warming? Yes. Is there a crisis? It would seem not since the people that claim there is a crisis are not acting like there is a crisis. They act like used car salesmen telling you how very much they want you to do something, which they themselves will not do.

    I'm sure it did make a lot of climate posers feel better abou

    • This. When the rich elite abandon air travel, that's when we will know there is a crisis, not before.

      • That'll never happen, because they have the money to insulate themselves from the cost of their own actions, and value their own convenience.

    • >The conference was more political posturing to little effect, otherwise they would have all done a large group video chat instead of expelling 30K tons of CO2 [theguardian.com] in air travel alone.

      I'm going to a little 'Hollywood' here, but I really liked the conferencing system in 'Captain America - Winter Soldier'. Sure, it takes up a lot of office space, but the idea of having every delegate projected into a physical space is very appealing.

    • All of these changes that make our lives crap will be for us little people to follow. Due to their great virtue, the climate elites are excused from the consequences of their actions. It is us the small folk who are to blame, and who must pay for our crimes.
  • by chiefcrash ( 1315009 ) on Tuesday December 12, 2017 @03:07PM (#55726719)
    Much like Obama became the greatest gun salesman of all time, it appears like Trump might actually save the environment.... by trying to ignore it.
    • One of Trump's revolutionary ideas is that America doesn't need to hog the spotlight and make every event about itself. It also doesn't need to pay for everything. These ideas have been front and center in our administrative and elected states for decades. They are beyond convinced that if America does not do it, it either will not get done or is not worth doing. They love pouring wood for the fire that will never heat us.

      Trump is showing that they are wrong and always were wrong. The world can get a

    • by Xyrus ( 755017 )

      Ignore it? I would be happy if he just ignored it. His administration is actively trying to destroy it.

      Remember kids, Scott Pruitt says our air is too clean! We must remove the catalytic converters from our cars so we can Make America Gag Again!

  • It's all been about the capital to switch to more efficient, cheaper renewables.

    That problem has been solved, and as a bonus, every dollar spent on renewables cuts Russia and Saudi fossil fuel revenue by four dollars.

    Commence the industry-paid whining about how the world is changing and we must protect buggy whips and whale oil and baleen corsets.

    Climate Change is here, and we ran out of time for discussions.

  • by Anonymous Coward

    ... and use that money to invest in clean energy.

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