In remarks to the World Bank’s “Financing Climate Action” event on April 21, Baron Nicholas Stern, one of the world’s most influential climate economists, spoke about what he sees as necessary global actions on climate change, including on the sale of conventional internal combustion engine (ICE) vehicles. >Imagine how much money these global criminals will make off the back of the taxpayers. Man can do nothing about the climate of the earth but he sure can dupe he masses into believing he can and make trillions in the process. “The right kind of policies have to be put in place, including the abolition of fossil fuel subsidies, the advancement of carbon pricing, but clarity on timescales for decentralization of the grid, clarity on timescales for stopping the sale of internal combustion engine vehicles, and so on—making sure the sense of direction is clear in those ways,” said Stern, who served as chief economist for the World Bank from 2000 through 2003. >And there it is, "right kind of policies" need to be put in place. The World Bank—a multilateral group founded in Bretton Woods, New Hampshire, and headquartered in Washington, D.C.—lends to poor and middle-income countries. Its private-sector lending is coordinated through a subsidiary, the International Finance Corporation. The discussion was part of the annual spring meetings of the World Bank Group and the International Monetary Fund (IMF). Stern chairs the Grantham Research Institute on Climate Change and Economics at the London School of Economics, founded by members of the socialist Fabian Society in the 1890s, thanks in part to a bequest from a wealthy Fabian “for propaganda and other purposes.” In his 2006 publication, “The Stern Review on the Economics of Climate Change,” the British economist argued that climate change is “the greatest and widest-ranging market failure ever seen.” Stern was also asked about Russia’s invasion of Ukraine, which has contributed to rising energy prices in the United States and around the world. “The right thing to do is to move away faster and harder from fossil fuels,” he said, later adding that making that move entails “much bigger capacity for electricity.” Both Stern and current World Bank President David Malpass, who also participated in the virtual summit, spoke of moving away from coal power, including by the developing countries with which the World Bank works. >This is a full fledged war against the people of the world and cheap energy. Hang the bastards! More at link.