Climate hysteria has officially reached its peak, claims Jacob Rees-Mogg

Climate hysteria has officially reached its peak, claims Jacob Rees-Mogg
Jacob Rees-Mogg

By Jacob Rees-Mogg


Published: 11/04/2024

- 21:44

Updated: 11/04/2024

- 21:44

The head of the United Nations climate body said a 'quantum leap' in climate finance is needed

Climate hysteria has officially reached its peak and in doing so undermined itself. The United Nations climate chief, Simon Steel, has boldly declared that we have two years to save the world. He went on to say: "Some of you may think the title of today's event is overly dramatic, melodramatic even."


Well, some people would certainly say that, and I'm one of them. But what does Mr Steele have to say to back up these bold claims? First, he makes this claim. We are at the start of a race which will determine the biggest winners in a new clean energy economy.

Each country's climate response will be key to whether they rise up the ladder or fall.

However, the markets do not concur with this sentiment. If it makes economic sense to pursue the green agenda, the markets would naturally follow this trend. So why then?

Jacob Rees-Mogg

Jacob Rees-Mogg shared his views on the The head of the United Nations announcement

GB News

So he admits that this would cost a fortune, but then goes on to undermine his entire point because it's hard for any government to invest in renewables or climate resilience when Treasury coffers are bare.

Debt servicing costs have overtaken health spending, new borrowing is impossible and the wolves of poverty are at the door.

So it's clear that we can't afford it. Then he, rather predictably, goes on to adopt the socialist language of inequality.

Before saying this, we need a new deal on climate finance between developed and developing countries, more concessional finance, especially for the poorest and most vulnerable countries. Well, that translates into saying that he wants you, the British taxpayer, to pay climate reparations.

And I can assure him there is no democratic mandate for that in the United Kingdom.

But finally, Mr Steele went on to say this at the spring meetings, we need an ambitious round of replenishment for the World Bank's International Development Association (IDA). Doing so could lift hundreds of millions of people out of poverty.

UK money

Rees-Mogg said that Debt servicing costs have overtaken health spending

PA

But everyone knows fundamentally that the way the world has lifted millions out of poverty is through the provision of cheap energy.

And then there's one way to do that, and that's by boosting supply and bringing to an end the costly green agenda.

And now we have the perfect excuse to do that. The world is apparently going to end in two years.

Well, the UK contributes just 1 per cent of global emissions, and only two years before we are all doomed.

There's nothing we can do about it. Says it's too late. Surely there's no need to try. We should concentrate on what we can do to improve living standards with cheap energy.

You may like