Following The Money On Climate Change

On July 30, The Insurance Journal posted an article about the climate change industry. Yes, you read that right. Climate change has become an industry.

This is a chart taken from the article:

Source: Climate Change Business Journal

The article reports:

On Monday the final version of the U.S. Environmental Protection Agency Clean Power Plan, national air pollution regulation aimed at curbing carbon emissions from power plants, is scheduled to be released.

Ferrier believes the plan may eventually prove to be a driver of further growth in the industry. That is if the plan withstands any legal challenges from states, industries and entities opposed to it.

“I think the EPA’s Clean Power Plan has a lot more teeth to it than many other attempts of the past,” Ferrier said. “I think we’ll see more (growth) out of that.”

Following this more climate change policy could come out of the United Nations Climate Change Conference in Paris in December, also called COP21 or CMP11.

“I think we’ll see the U.S. and China possibly make more comprehensive commitments rather than at past meetings, where they let the European leadership of the group make commitments while they sat on the sidelines,” Ferrier said.

Policy, or the anticipation of new policy, has been one of the biggest drivers of the industry, the report shows.

I suppose we need to give the Obama Administration credit for growing the economy at least in one area. The fact that his policies are causing Americans to lower their standard of living and taking away our freedoms and national sovereignty does not seem to bother the President.