U.N. ‘Climate Change’ Plan Would Shift Trillions to Form New World Economy

A United Nations document on “climate change” that will be distributed to a major environmental conclave next week envisions a huge reordering of the world economy, likely involving trillions of dollars in wealth transfer, millions of job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes

Other tools are referred to only vaguely, including “energy policy reform,” which the report indicates could affect “large-scale transportation infrastructure such as roads, rail and airports.” When it comes to the results of such reform, the note says only that it could have “positive consequences for alternative transportation providers and producers of alternative fuels.”

In the same bland manner, the note informs negotiators without going into details that cap-and-trade schemes “may induce some industrial relocation” to “less regulated host countries.” Cap-and-trade functions by creating decreasing numbers of pollution-emission permits to be traded by industrial users, and thus pay more for each unit of carbon-based pollution, a market-driven system that aims to drive manufacturers toward less polluting technologies.

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