Donald Trump’s treasury secretary has followed the US president in taking a swipe at Greta Thunberg, suggesting the teenage climate activist should study economics at university before she offers advice on how to tackle global warming.
Steven Mnuchin questioned the 17-year-old Swede’s credentials after she called for public and private sectors to divest from fossil fuels.
Speaking at the Davos summit on Thursday, Mr Mnuchin said: “Is she the chief economist? Who is she? I’m confused.”
“After she goes and studies economics in college, she can come back and explain that to us.”
Ms Thunberg – who has taken a year out of school to campaign globally for climate action – responded in a tweet: “My gap year ends in August, but it doesn’t take a college degree in economics to realise that our remaining 1,5° carbon budget and ongoing fossil fuel subsidies and investments don’t add up.
“So either you tell us how to achieve this mitigation or explain to future generations and those already affected by the climate emergency why we should abandon our climate commitments.”
The Problem, no solution
Everyone agrees the environmental protection is important. But how to go about it remains disputed. However the various initiatives make it impossible to find a solution. Idiotic, panic driven agendas, usually from the Green movement are paralyzing policy and economic growth.
Steven Mnuchin has a point. We are enthralled by a Hitler-Youth like fanatic who is paraded around by the grown ups, plastered on the cover of Time magazine, but in all truth what really changes? Nothing.
Critical examination of some of the one-world solutions can be found in the the United Nations-convened Net-Zero Asset Owner Alliance.
This Alliance was initiated by Allianz, Caisse des Dépôts, La Caisse de dépôt et placement du Québec (CDPQ), Folksam Group, PensionDanmark, and SwissRe. Since then, Alecta, AMF, CalPERS, Nordea Life and Pension, Storebrand, and Zurich have joined as founding members. Aviva, AXA, CNP Assurances, Fonds de Réserve pour les Retraites (FRR), Generali and the Church of England have recently joined the growing group.
Convened by UNEP’s Finance Initiative and the Principles for Responsible Investment, the Alliance is supported by WWF and is part of the Mission 2020 campaign, an initiative led by Christiana Figueres, former Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC).
The realignment of pensions plans are a dangerous gamble by the green movement. It basically means your funds will be redirected to “green investments” instead of profit bearing commodity industries. The outcome is uncertain and high risk propositions. Examples of failed U.S. investment in green economies should raise questions about these schemes. If the pension plans miscalculate the investments who will bear the costs for the losses. WWF? or Mrs Figueres?