"The climate conference nowhere" - this is how the editorial of the Wall Street Journal describes the climate conference that will officially open today in Glasgow, Scotland.
"World leaders are convening for a climate summit, not laughing," the Journal writes, "this may be the worst timing summit in history, but the delegates can still cause significant damage to the global economy, though none of that will affect the climate."
Just to clear the ear: According to the International Renewable Energy Agency, meeting the "Paris targets" set in 2015 will cost Earth's inhabitants no less than $ 131 trillion - an astronomical sum that is more than 50% of the world's GDP in 2020 , Which stood at about $ 85 trillion.
It is very doubtful whether this amount will actually succeed in solving global warming - at least as long as no way is found to store energy.
The early failure of the conference stems from the advance announcement by two of the world's polluting countries, China and India, that they are postponing the conference's zero-emission target by 2050. China, which pollutes most of all industrialized countries combined, does not send representatives to Glasgow and President XII. Infing will not attend, unlike most Western countries whose heads came to the conference.
Ironically, U.S. President Biden flooded Glasgow with an entourage of 85 polluting vehicles.
Continuing to pollute, there is no choice
According to Jinping, his country will be "balanced" in terms of carbon emissions by 2060. That is, the Chinese are asking for a decade extension before they stop polluting, but currently the trend in China is reversed: the Chinese are suffering from an acute energy crisis, and ordered natural gas "at all costs."
If that was not enough, the Chinese government ordered vigorous coal mining.
Thus, by 2020 the Chinese had increased coal burning for electricity production three times more than coal burning worldwide.
The Chinese have warned their counterparts in the West that if they continue to criticize them for environmental pollution, the acute failures that exist in supply chains will only worsen.
And as is well known, a significant portion of the products marketed in the Western world are manufactured and imported from China.
Supermarkets in the United States are already suffering from a shortage of many products, and the country's electricity bills are expected to rise by more than 50%. Of course, the weakest in the United States will pay the price for the green energy dream.
Instruction: To cut down vigorously.
Miners at Wabi's mines, China, Photo: GettyImages
Meanwhile, energy prices are also the reason for the jump in inflation to a 30-year high, in parallel with a drop in wages there.
Meanwhile, rates of support for President Biden are breaking new lows.
The president's senior adviser on climate change, Gina McCarthy, has made it clear that there is an intention to further increase taxation on fuels - which will lead to further price increases for basic products.
Indian Prime Minister Narendra Modi may have arrived in Glasgow but announced that his country's energy needs - the third largest polluter in the world, after China and the US - could not match the targets set in the West. The Indian economy is undergoing industrialization and population growth In fuels that are considered polluting.
It will be recalled that Israel sent no less than 140 delegates to the conference - the largest delegation in the world after the United States. "We succeeded!", The Minister of Environmental Protection, Tamar Zandberg, announced on her Twitter account. Israel's emissions commitment is irrelevant as long as the world has not found a way to store green energy. Until then, the best way to balance Israel's energy needs (and increase its international power through gas exports) with maintaining clean air is to increase reliance on natural gas. , Even if Israel completely stops using polluting fuels - a scenario that will ensure total paralysis of the economy - the world will not be affected at all, as Israel is insignificant in relation to global emissions.