Greta Thunberg hits back after Mnuchin says she should study economics at college

KEY POINTS
  • “My gap year ends in August, but it doesn’t take a college degree in economics to realise that our remaining 1,5° carbon budget and ongoing fossil fuel subsidies and investments don’t add up,” the 17-year-old said via Twitter.
  • Her comments come shortly after Treasury Secretary Steven Mnuchin criticized her financial credentials at the World Economic Forum.
  • Thunberg, alongside 20 other young climate activists, had called on the world’s decision-makers and business leaders to stop all investments in fossil fuel exploration and extraction.
VIDEO01:35
Mnuchin criticizes climate activist Greta Thunberg: ‘Who is she?’

DAVOS, Switzerland — Swedish climate activist Greta Thunberg hit back at Steven Mnuchin on Thursday, after the Treasury Secretary suggested she needed to study economics at college before lecturing the U.S. on fossil fuel investments.

“My gap year ends in August, but it doesn’t take a college degree in economics to realise that our remaining 1,5° carbon budget and ongoing fossil fuel subsidies and investments don’t add up,” the 17-year-old said via Twitter.

“So either you tell us how to achieve this mitigation or explain to future generations and those already affected by the climate emergency why we should abandon our climate commitments,” she added.

Greta Thunberg

@GretaThunberg

My gap year ends in August, but it doesn’t take a college degree in economics to realise that our remaining 1,5° carbon budget and ongoing fossil fuel subsidies and investments don’t add up. 1/3

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Mnuchin had criticized Thunberg’s financial credentials at the World Economic Forum earlier in the day.

Speaking to reporters during a press briefing, Mnuchin was asked whether the world’s largest economy should completely and immediately divest from fossil fuels.

GP: SWITZERLAND-POLITICS-ECONOMY-DIPLOMACY-WEF-ENVIRONMENT-CLIMATE 200123 EU
Swedish climate activist Greta Thunberg attends a session at the Congres center during the World Economic Forum (WEF) annual meeting in Davos, on January 21, 2020.
FABRICE COFFRINI | AFP via Getty Images

That’s because Thunberg, alongside 20 other young climate activists, had called on the world’s decision-makers and business leaders to stop all investments in fossil fuel exploration and extraction.

“Is she the chief economist or who is she? I’m confused,” Mnuchin said, before adding this was “a joke. That was funny.”

“After she goes and studies economics in college she can come back and explain that to us,” Mnuchin said.

Carbon budget

An intensifying climate crisis is top of the agenda in Davos, Switzerland.

It follows a 12-month period that saw the hottest year on record for the world’s oceans, the second-hottest year for global average temperatures and wildfires from the U.S. to the Amazon to Australia.

VIDEO04:26
Steven Mnuchin addresses his comments about environmental activist Greta Thunberg

Earlier in the week, Thunberg cited the International Panel on Climate Change report from 2018 as she delivered remarks to a packed audience.

The IPCC report states the remaining carbon budget would need to fall below 570 gigatons of carbon dioxide in the coming years if the world is to have a 67% chance of limiting global warming to 1.5 degrees Celsius.

“With today’s emissions levels, the remaining budget is gone in less than eight years,” Thunberg said Tuesday. “These aren’t anyone’s views. This is the science.”

Thunberg was catapulted to fame for skipping school every Friday to hold a weekly vigil outside the Swedish Parliament in 2018.

It sparked an international wave of school strikes — also known as “Fridays for Future” — with millions of children taking part in rallies around the world.

US environmental policies are ‘misunderstood’

When asked to address his comments about Thunberg on CNBC’s “Squawk Box” on Thursday, Mnuchin said: “Let me just comment because obviously the climate issue is something that is being talked about this week.”

“And I think, quite frankly, our environmental policies are misunderstood. The president absolutely believes in clean air and clean water. He supports a clean environment.”

President Donald Trump has often expressed skepticism about the scale of the climate crisis and on Tuesday, he urged participants of the forum to reject the “perennial prophets of doom.”

The U.S. president did not name anyone directly during his speech, but he did encourage those in attendance to ignore environmental “alarmists” and their “predictions of the apocalypse.”

Since coming to power in 2016, Trump has taken steps to pull the U.S. — one of the world’s leading carbon emitters — out of the Paris Agreement and sought to roll back over 80 environmental regulations.

“If you look at the real environmental issues right now, they are in China, they are in India. If you look at what the U.S. has been doing on its own, without government intervention, industry has gotten a lot more efficient on carbon emissions,” Mnuchin said.

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