Al Gore
๐ค SpeakerAppearances Over Time
Podcast Appearances
It is a fraud!
It is a deception imposed on the people in order to try to change policy and to make the policy what they want.
And because they've captured the politicians, they have been able to force the taxpayers in countries around the world to subsidize fossil fuels, to actually subsidize the destruction of humanity's future.
What would happen if we got rid of those subsidies?
Well, the International Monetary Fund said that we would get $4.4 trillion in savings, which happens to be just about the exact amount we need to finance the transition to renewable energy.
That's where a lot of the money can come from.
We'd also save a lot of lives, and we'd also...
reduce emissions by a third in five years and we'd reduce income inequality.
So is it realistic to ignore this urgent need to reform the world's financial infrastructure so that we can properly invest in the climate crisis?
Most of the financing comes from private sources, but developing countries are not getting their share of it.
We need to reform the policies that are leading to this because 100 percent of the increased emissions expected are going to come from the developing countries.
We're about to see massive reductions in emissions.
It may have already started, especially in China with all their renewables, but the developing countries, that's where the emissions increases are due to take place.
And yet they only receive less than 19 percent
of the world's financing for clean energy, but almost 50 percent of the money flooding in for more fossil fuels.
The single US state of Florida has more solar panels than the entire continent of Africa.
That is a disgrace, because Africa has 60 percent of the world's prime solar resources, yet only 1.6 percent of the financing for renewable energy.
But look at what's happening with the investments
for fossil fuels in Africa.
There's a dash for gas.