"we redistribute de facto the world's wealth by climate policy"

Prof. Dr. Ottmar Edenhofer is an economist and Co-Chair of Working Group III of the United Nation's International Panel on Climate Change (IPCC). He was interviewed recently by Neue Zürcher Zeitung.

But one must say clearly that we redistribute de facto the world's wealth by climate policy. Obviously, the owners of coal and oil will not be enthusiastic about this. One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with environmental policy anymore...

Emphasis added. English language version above is from the Global Warming Policy Foundation.