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President makes his way to Copenhagen for the climate summit next week but we already hearing what the that what he and other world leaders will agree to.
And he's politically.
Among the more -- -- opening numbers that's an 80% content -- emissions by the year 2050.
That is 2% to EF a forty Guinness.
That's what this -- The Progressive Policy Institute is here in New York what does this time.
Mike welcome back -- good to see you and you'll look at what we're a business program we're all about money that's what we do via a wanna quote something to you from MIT.
-- They looked at what Copenhagen is likely to come out with and they said look if you want to get to by the year 2021.
To reduce by 17%.
We have the developed world have -- full to about 400.
Billion dollars every year to the developing world -- by China and India.
Not can use it via all of this this program a justify a 400 billion dollar yet -- -- wealth can do.
Stewart it's a 400 billion dollar a year investment.
In new technology and new growth in those countries it.
Wait a minute come you can't get -- It's an investment.
Billion dollars in cash and -- technology somebody asked to pay that we all broke.
-- gonna pay for China and India.
It's not the US government's going to be paying -- -- -- -- -- ahead.
It's investors that are being investing in in in new greener power plants in more energy efficient factories and the like that we saw in.
In in the -- but that's for them.
That's the so called green -- factories green -- power plants in China in India in the developing world a way you -- in that.
-- we invest that right right.
You think we can -- this this is this is an investment opportunity for for everyone involved that benefits both the investors pocketbook and returns and -- bottom line.
And in Ansonia we go oh please how Clinton is going Packers will just as I love it as shareholder -- Well we will be able to -- to a -- false divide them by the United Nations now we won't be forced to do so -- did bullet for this transfer.
The goal of the United Nations climate change of movement won't look at Copenhagen is not forcing people do anything it's that clarified and set rules of the road is not the split is not forcing anybody now because that the -- essentially failed to come out with a written formal agreement.
It is a political doctrine that's going to be come up with and you hope to make this formal and forces to pay this money in Mexico next year correct -- Stuart it's hard do I declare conference affiliate reports happen.
Well I think you can I think what we're gonna see happening Copenhagen is what we've seen already happening bilaterally between US and China and and the -- standing out.
That you couldn't sell one.
Tell the truth on you so worried about the -- bands -- ice caps melting and they both coming to an end that you won't prevent.
To -- fault of 400.
Billion dollars a year -- -- China and India or Africa on all you.
I'm worried about bigger hurricanes in the Gulf Coast I'm more about -- in the midwest and a more about commuting to new subway here but you're absolutely could -- that this will -- At this this is the way the climate is go and look sort of convinced that if we full -- 400 billion dollars that yeah and get emissions down once and 17% by the year 2020.
And all of the above will happen.
Stewart I'm convinced that if we look at what the CBO -- will cost households an average about 175 dollars a year in energy bills in.
In overall costs a lot of them industry what about food prices that little -- -- this this is something that lower local households -- that save forty dollars a year on this overall record against him because you -- you can recycle the money through the treasury and they get rebates checks in the -- -- -- -- right and that is not right well that's -- work well fat -- will.
The movement -- really know what to do it.
You intent -- to export hundreds of billions of American taxpayer dollars Stewart if not taxpayer dollars to be honest not its investment opportunity also yelled at convinced the people watching this program goes Valerie fastest right.
Hey I'll go to voluntarily.
Fault over they had money put an end to India put it into Africa -- to what they're doing right now there's a big rally in -- -- a -- -- -- -- -- emerging markets right now and this is just another opportunity -- -- -- -- what just happened in -- sure.
And that's and -- -- man and that's what happens with them.
Actually emerging market wealth.
That's what happens -- of the government controlling the economy.
Which is why wouldn't government setting up witness government controller becomes unified government -- socialism is a wonderful system isn't it but we -- clear rules to allow investors to invest appropriately perhaps would be -- you're in New York City -- -- by -- defense of our viewers who are investors in -- -- budget by hundreds of billions of dollars -- -- -- -- -- would appreciate -- -- you could come any -- -- life.
-- a brilliant and so it's behind us Mike Mike.
Welcome to notice a -- in the -- Spectrum.
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