The US and 18 other countries have pledged to double funds for clean energy research to a total of $20bn over five years, boosting a parallel initiative by Bill Gates and Mark Zuckerberg and increasing the prospects for successful agreement at the Paris climate negotiations that start on Monday.
So that's near enough £13 billion over 5 years or £2.6 billion a year split between 18 countries, or in our case, assuming we get a double weighting as we're bigger than average, £300 million a year.
And we're meant to celebrate that?
To put that in context, that's the same sum as we gave to just 500 people in capital gains tax entrepreneur's relief in 2013-14 when the total cost of that one tax relief was £2.7 billion in a year.
Do we really think that this is all climate change is worth?
Are our hopes so low?
And offer Climate QE as a real alternative.