The end goal is that all this money will somehow make global warming “below 2 degrees Celsius by the end of the century”. It’s all nonsense and a massive political money grab. Still, they trudge on . . .

The Daily Caller:

A whopping $7.4 trillion will be spent globally on new green energy facilities in the coming decades, but another $5.3 trillion is needed to meet the goals of the Paris climate accord, according to a new report.

Bloomberg New Energy Finance (BNEF) is out with a new long-term energy outlook report, this time projecting a total of $12.7 trillion to keep projected global warming below 2 degrees Celsius by the end of the century — a goal of the Paris accord.

TRENDING: BREAKING REPORT: President Trump to Nominate Amy Coney Barrett to Replace Ginsburg on the Supreme Court

BNEF projects $7.4 trillion will be invested in new green energy capacity by 2040, and that global carbon dioxide emissions will be 4 percent lower in that year than in 2016.

But that’s not enough to keep projected warming below 2 degrees, the report warns.