Cost of Global Warming Hoax

    According to EurActiv.com, all countries of the world collectively spent $359 billion last year in limiting global warming. The article actually said "invested" in limiting global warming. However, I judge the use of the term "invested" as equivalent to what has been previously used in "investing" with Bernie Madoff and his Ponzi scheme. In any case, that comes to about $1 billion per day, which is not small change. A year earlier, the total spent was $364 billion. Are we barely moving in the proper direction?
The World Economic Forum has said that $700 billion per year is needed to tackle climate change, which is twice what was actually spent last year. The International Energy Agency estimates $5 trillion is required by 2020 for clean energy projects alone, if rising temperatures are to be pegged at 2 degrees Celsius. If that was said last year, it would be $5 trillion in 8 years, or $600 billion per year, which is about the same as the amount claimed by the World Economic Forum.
Note that the International Energy Agency expects the global temperature to be 2°C higher in 2020. That is 7 years from now. For the last 7 years there has been no global warming, in spite of the fact that there have been steady increases in atmospheric CO2 concentrations.
It seems to me that doomsday projections from global warming are grossly exaggerated and that the money previously spent to supposedly limit global warming is money down a rat hole. How long will it take for us to learn that we can't predict global temperature seven years into the future when predictions for the last seven years have been shown to be completely unjustified?
Let's quit spending on correcting things we really don't understand. Continue the studies, and if and when we see something that we can really trust as believable, we can then try to alleviate it.