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$14T to Push to Battle Climate Change

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  • Description

    FBN's Liz MacDonald on world leaders in Davos demanding $14 trillion to battle climate change.

  • Duration 2:04
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So powerful Davos commission says the world months suspended and an amount from now until 2030 -- get -- it's.

Is nearly -- size of the US economy that is all to stop climate change worldwide.

-- -- is here with Marty Mac's bottom line and I would start with the dollar amount fourteen drill a trillion dollars it's a -- seeing some.

Yet not chump change.

This comes from a -- -- commission headed by the former president.

Of Mexico for -- -- Calderon's fourteen trillion dollars they're talking about here they want to spend more beyond the business as usual spending.

This say that equates to 700 billion dollars a year because this guys.

Fuzzy math the math that's wrong it doesn't -- -- 700 billion a year physically to fourteen trillion action -- equates to look at this eleven point nine term.

-- -- -- -- spending other people floating about plus about my -- but you know a lot powerful players companies like applied materials.

Bank of America Morgan Stanley is on this commission cents -- But I -- is something whether or not this will get punched through.

It depends a have a much the White House is following along with the president's inaugural speech.

Saying that he really does want climate change as a priority and now we've got Jay Carney -- dip to that speech saying you know what.

Climate she's may not be a singular priority take a listen to Jay -- You know it's an important issue is a priority.

But -- it is not.

A singular priority it is one of the host of priorities that he believes we can act on if we work together.

OK so sounds like that's kinda getting buried a little but getting back to the fourteen -- figure which may -- twelve trillion about you know.

That would claim that -- -- Philip -- on come to that figure.

They said it's above and beyond what's being spent now that the because -- world economy can easily handle 700 billion a year and it's to do do you think that preempt hurricanes like hurricanes Citi.

Whether that can you know happen.

Bring it to be seen but who's gonna foot the bill.

Maybe investors may be taxpayers I don't know they also make the argument that a house the a lot of private funding involved -- that as -- -- know like until it's profitable.

That's gonna happen there but hey that's right he -- thanks cars.

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