[Stu from NYC]

Originally Posted by golfing eagles

Let's jog the memory:

"The McKinsey report puts it bluntly. To achieve net zero emissions by 2050 would require substantial capital allocation by governments and the private sector to transform the global economy – approximately US$9.2 trillion in annual spending on physical assets in energy and land use systems over the next 28 years. The net zero scenario has been estimated to cost around 7.5 per cent of global gross domestic product, while the increase in spending required over current levels works out to around half of all corporate profits and one-quarter of all tax revenues in 2020!"

Let's see: 9.2 T x 28 years =257.6 TRILLION. I guess I underestimated. "Nothing over 1 trillion" is simply delusional

While we do this other nations like China will laugh at us while they take over the markets we used to sell to. None of this will go toward modernizing factories to produce products competively.