Adam Smith Institute

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And yet we should be spending less on renewables each year

One of those shock, horror, reports:

Investment in greenhouse gas emission reduction fell last year despite the growing urgency of the climate crisis, and the benefits of outlays were cancelled out by investments globally in fossil fuels and other dirty industries, finds a report by the Climate Policy Initiative.

Global climate finance hit a record high of $612bn (£476bn) in 2017, according to CPI advisers, but fell back 11% after that bumper year to $546bn in 2018.

Gaia will therefore be boiled in her own salt water stock because we are not sacrificing enough to save her. Except, of course, we should be spending less on renewables each year. Because, as we keep being told, renewables are becoming cheaper. Therefore we can achieve the same amount for less sacrifice:

After nearly two decades of strong annual growth, renewables around the world added as much net capacity in 2018 as they did in 2017,

Oh, that is what is happening. The problem with this is?