When Smart People Get the Climate Crazies

If Machiavelli set out to devise a strategy to drive the greatest wealth transfer in history, monetizing “climate change” on the pretext of saving planet Earth from an anthropogenic apocalypse would be at the top of his list.

Globalists and climate controllers are very keen on it too. One of them is former “rock-star” central banker, Dr Mark Carney, OC, the UN Secretary General’s new Special Envoy for Climate Action and Finance.

Dr Carney: A market in the transition to net zero is now being built…which can accelerate the transition to a low carbon economy. It’s turning an existential risk into one of the greatest commercial opportunities of our time. It’s now within our grasp to create a virtuous cycle of innovation and investment for the net zero world that people are demanding, and that future generations deserve. In this way, private finance can bend the arc of history towards climate justice…..and the Glasgow of COP 26 can be reunited with the Glasgow of Adam Smith. (Reith Lecture 4, transcript, page 6, December 26, 2020)

A “net zero world that people are demanding” is a tactic as old as Methuselah. Scare sufficient folk – especially the young – into believing what you want them to believe and soon they are pressuring countries, corporations, pension funds and the gullible into supporting your Net Zero ideology in the name of “climate justice”.

Changes in the weather were once attributed to gods or demons, but no longer. Many folk now assert ad nauseum the developed world is the primary cause of most – if not all – atmospheric variability. The dodgy pseudoscience of “attribution” has fooled them, with help from UN agencies and a MSM obsessed with crises, both real and imagined.

A new religion has been created in the process. Nasty predictions proliferate at a rate not seen since the age of Jeremiah. Follow the weeping prophets and you could reap large profits from one of “the greatest commercial opportunities of all time”, or at least since the Dutch tulip mania. In the utopia of Net Zero everyone will be a winner.  All that is required to realise this Green fantasy is an arbitrary price on “carbon” (dioxide) north of US$75 a tonne. As for private finance, be alert. It could include your savings.

Dr Carney: To unlock that market, which could be worth more than $100 billion a year, we need the right infrastructure to connect demand from companies who have or are putting in place net zero goals, with supply of offsets in countries around the world. A new private sector taskforce is working to create this critical market in time for next year’s Glasgow summit. (Reith Lecture 4, transcript, page 6, December 26, 2020).

On Christmas Day last year, two billion people celebrated a divine birth in a manger a long time ago. The next day there was another miracle, an immaculate conception at BBC Radio 4.

A few economists, bankers, bureaucrats and carefully chosen alarmists zoomed in to hear about a “market solution to the climate crisis”. Yes, we can be saved from our sins of emission. Redemption is possible, but only if we have faith, change our values and get with the Great Reset.

Big Climate wants a binding “ratchet mechanism” for recalcitrant countries at the Glasgow UN Conference of the Parties (COP26) in in November. Together For Our Planet evangelists, Extinction Rebellion zealots, President-elect Biden and possibly some of NASA’s brainwashed Climate Kids, are ecstatic at the prospect.

The choice is stark: either set out on a long march to the Promised Land of Net Zero, or face a catastrophe by 2050, one with more “tipping points” than Sportsbet on a good day.

Few can resist the Great Hubris. Promoting salvation – with funny-money and virtue-signalling – is more fun than exposing a global boondoggle. A new chapter is being written for a future edition of Extraordinary Popular Delusions and the Madness of Crowds.

The BBC Radio 4 event was the climax of The Reith Lectures 2020. Dr Carney, a former Governor of the Bank of England and Canada, was guest speaker. His theme: “how we get what we value”.

The four lectures: From moral to market sentimentsFrom credit crisis to resilienceFrom covid crisis to renaissance, and From Climate Crisis to Real Prosperity.

The key message was be prepared, for the “world didn’t prepare enough for the pandemic, climate change, and the 2008 financial crisis,” at least according to this Radio 4 tweet.

We have to change the attitudes that led to this “trio of crises”, said Dr Carney.

If we value the present much more than the future then we are less likely to make the necessary investments today, to reduce risk tomorrow.

So despite a history of financial crises that stretches back centuries banks didn’t build adequate rainy-day buffers in advance of the global financial crisis [of 2008].

Or despite overwhelming scientific evidence, society is still underinvesting in addressing climate change, even though actions today will be less costly than those required in the future.

And despite varied and ample warnings, we didn’t invest adequately in preparedness or healthcare capacity for a pandemic.

These tragedies of the horizon won’t be addressed by fixing market imperfections alone. (Dr Carney, Radio 4 tweet, December 3, 2020)

The trouble with “tragedies of the horizon” is that it’s hard to prepare for the future, especially “known unknowns”. Hence we value the present. Dr Carney called it our “recency bias”.

Hindsight has 20/20 vision. If the world “didn’t prepare enough”, maybe it was because foresight is often blind or myopic. Perhaps there are just too many crises that lack simple solutions: atomic weapons, cyber warfare, electoral fraud, human inertia, etc.

As for the mantra that present actions are “less costly than future actions”, it is surely only true if we know what the future will be with great confidence.

What about the “overwhelming scientific evidence” and “remorseless logic of climate physics”? Could it be that what we have here is more “precautionary principle” – not a principle of science – than proof of causation?

That the climate is changing is hardly surprising. It has been doing so ever since the planet acquired an atmosphere. What is surprising is that so many blame it on “carbon” when the controversy is actually over 0.04 per cent of an invisible trace gas, carbon dioxide. Given its vital role in photosynthesis, yearning for a Zero Carbon world is an odd aspiration.

Dr Carney is right: “you can’t manage what you can’t measure”. So plucking future temperatures out of dubious climate models is a big call, as are speculative scenarios about melting icecaps, acidifying oceans and so on.

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