The U.S. Federal Reserve Bank is now officially in the Network for Greening the Financial System (NGFS) as of Dec. 15, when the Fed Governors Board voted up the move. The NGFS is a club of central bankers formed in 2017 on initiative of Mark Carney, now the UN. Envoy for Climate Action and Finance, formerly Bank of England governor, and a chief instigator of green finance after the 2015 Paris Climate Accord, meaning to coerce investment out of modern, productive enterprise, into primitive technologies and practices that mean automatic mass depopulation.
A ghoulish forum on implementing the NGFS mandate in the U.S. was held today online by the the Center for American Progress. Several speakers exulted that now that the U.S. had “stepped up” and joined the NGFS, it could help lead the world against climate change. Fed Governor Leal Brainard, a principal speaker, interviewed by CAP Chairman John Podesta, held forth on work to be done to fill “data gaps” on utilities, factories and other entities that are not complying with decarbonizing. There was a crocodile tear or two about the “unintended consequences” for people losing jobs. No one dared touch the point that food would become scarce, since agro-chemicals are to be drastically cut.
