THE BLACK KETTLE

Proverbs 21:30

An inconvenient truth: ‘Climate change industry’ now a $1.5 trillion global business

By Jennifer Harper – The Washington Times

The plaintive calls about global warming and loss of polar bear habitats, the stern warnings about rising seas and flooded coastlines – this is what the public hears about. Then there’s this pesky, inconvenient truth they don’t hear about: $1.5 trillion.

“Interest in climate change is becoming an increasingly powerful economic driver, so much so that some see it as an industry in itself whose growth is driven in large part by policymaking, notes Don Jergler, an analyst for Insurance Journal, an industry publication

“The $1.5 trillion global ‘climate change industry’ grew at between 17 and 24 percent annually from 2005-2008, slowing to between 4 and 6 percent following the recession with the exception of 2011’s inexplicable 15 percent growth, according to Climate Change Business Journal,” he writes.

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March 1, 2016 - Posted by | Uncategorized

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