Old Rocks
Diamond Member
1.9 trillion a year, over the whole world. That is replacing worn out energy infrastructure in the industrial nations and building a brand new infrastructure in what are now third world nations. I would say that we will spend that much whether it is renewables, or fossil fuel generation. It is just that now the fossil fuel generation is more expensive, and has far more externalities than do the renewables.Trillions in spending? Where? Buying the generation that has the least effect on the environment for a better price than the generation that has the most effect on the environment is spending trillions on wasteful spending?
Back up your figures, Todd. What trillions where?
From 2012;
Over 770,000 homes weatherized. A doubling of energy from wind and solar. Cleaning 688 square miles of land formerly used for Cold War-era nuclear testing.
These are just some of the 'green' benefits from money spent under 2009's $787 billion stimulus package. Whether it was worth it is an open question, and one sure to come up with greater frequency as the presidential campaign enters its final weeks.
Tallying just how much cash went to green projects isn't easy. The government website thattracks stimulus spending lists 27,226 individual awards under the "Energy/ Environment" section, totaling just shy of $34 billion.
But that doesn't include things like high speed rail and smart meters, which lie among the 43,000-plus "infrastructure" awards.
In a report earlier this year, the Brookings Institution put green stimulus spending at $51 billion. From 2009 to 2014, Brookings estimates the federal government will spend over $150 billion from both stimulus and non-stimulus funds on green initiatives.
Related: 9 divisive energy issues for the election
What we got for $50 billion in 'green' stimulus
I am not seeing trillions here.
$76 Trillion to Engineer a Green Economy?
Essentially that headline is a lie. It makes it seem that is the cost above and beyond what we would spend in any case, which is simply not true.
And then there are the effects of continuing to pump GHGs into the atmosphere. That is going to cost many, many trillions of dollars as the climate change starts impacting the present infrastructure around the world.
The Economics of Climate Change