President Donald Trump is touting the $18 trillion in foreign investments in America, calling it America’s Martial plan. As The Federalist pointed out, that’s equivalent to 120 Marshall Plans. The Federalist also contrasted this “Marshall Plan” with the “Green” Martial plan that saw nation-states, including America, invest $20 trillion in a project to reduce carbon emissions that produced next to no substantive carbon emission reductions.
Trump’s Foreign Policy Is Delivering 120 ‘Marshall Plans’ To U.S. – thefederalist.com
$20 trillion is a lot of money.
One would expect a big bang to follow the spending of twenty-thousand billion dollars. It’s a lot of money! It’s pretty much the total present value of America’s GDP.
This is the estimated sum that was globally spent — largely by Europe and the United States — in a coordinated effort by the developed world to decarbonize the global economy. China, in contrast, sold the world windmills and solar panels while it opened a new coal-fired power plant per month.
What was the net effect of this “green” Marshall Plan? Consumption of hydrocarbons, also known as “fossil fuels,” continued to increase anyway. All that was achieved was a tiny reduction, just 2 percent, in the share of overall energy supplied by hydrocarbons. Put simply, as the energy pie got bigger and all forms of energy supply increased, hydrocarbons ended up with a slightly smaller share of a larger pie.
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