Global warming, climate change, all these things are just a dream come true for politicians. I deal with evidence and not with frightening computer models because the seeker after truth does not put his faith in any consensus. The road to the truth is long and hard, but this is the road we must follow. People who describe the unprecedented comfort and ease of modern life as a climate disaster, in my opinion have no idea what a real problem is.
The big UN climate conference is risking collapse as pressure groups, profiteers and developing world delegates demand more climate cash than advanced nations are willing to pay.
The sums of money being demanded at the UN climate conference in Azerbaijan are staggering.
The UN estimates that the world currently spend $3 trillion per year on climate and wants to dedicate $3.5 trillion to energy transition per year by 2050. This would skyrocket total annual global climate spending to $5 trillion.
From CFACT
By Craig Rucker
The sums of money being demanded at the UN climate conference in Azerbaijan are staggering.
The UN estimates that the world currently spend $3 trillion per year on climate and wants to dedicate $3.5 trillion to energy transition per year by 2050. This would skyrocket total annual global climate spending to $5 trillion.
A trillion here, a trillion there, and pretty soon you’re talking about real money.
They are pushing for something they call the “new collective quantified goal” at COP 29 in Baku. This mainly means a fortune in climate redistribution from the developed to the developing world.
Delegates are all too aware that this spending largess in no way squares with President-elect Trump’s “America first” agenda, but they are hoping to wait him out as they did once before.
One surprising positive development, is that in the process of demanding redistribution, developing nations have woken up to one of the key absurdities of the UN climate regime. Nations such as China and India are given a pass on emissions reductions and paying out funds. This, despite the fact that China is the world’s number one emitter of greenhouse gases and boasts the second largest economy, while India’s economy is all the way up at number five.
This is due to something the UN calls “common, but differentiated responsibilities,” which has been baked into the climate regime going all the way back to 1997’s Kyoto Protocol. China, meanwhile, holds $8.16 trillion of U.S. debt.
Wherever climate policy goes next, China should equally bear the pain and shoulder the responsibility they advocate for us.
President Obama shoveled $1 billion over to the UN’s Green Climate Fund shortly before President Trump began his first term. This included $500 million transferred just three days before inauguration day.
Will the Biden Administration try to top that?
The last time President Trump withdrew from the Paris Climate Agreement it took four years. Under the terms of the Agreement, this time he can do it in one.
Let’s hope President Trump resurrects climate and energy reality for the U.S. and the world before much more damage is done.
Thank you to all of CFACT’s friends and readers who have given so generously to make CFACT’s Mission Azerbaijan possible. CFACT is your eyes, ears and voice in the UN climate process. We are approaching our goal, but still have a short way to go. Please make the most generous gift you can right now. We cannot do it without you.
$250 billion is an “insult” say climate campaigners at the big UN climate conference in Azerbaijan.
They are demanding over $1 trillion of your dollars per year be transferred to developing nations and their attendant climate profiteers starting now.
From CFACT
By Craig Rucker
$250 billion is an “insult” say climate campaigners at the big UN climate conference in Azerbaijan.
They are demanding over $1 trillion of your dollars per year be transferred to developing nations and their attendant climate profiteers starting now.
The COP 29 presidency released a draft calling for a “collective quantified goal on climate finance” of $250 billion per year, ramping up to $1.3 trillion per year by 2035.
Read the COP 29 presidency’s draft climate finance proposal at CFACT.org.
The Guardian quotes Panama’s climate envoy as saying, “This is definitely not enough. What we need is at least $5tn a year, but what we have asked for is just $1.3tn. That is 1% of global GDP. That should not be too much when you’re talking about saving the planet we all live on.” $250 billion “comes to nothing when you split it.”
The COP 29 outcome is now teetering as climate pressure groups and poorer nations insist on higher redistribution of cash.
That monstrous portions of all this spending will end up in the pockets of climate kleptocrats, with little or no impact on the temperature of the Earth, doesn’t enter into it.
As three decade veterans of the UN climate process, CFACT has seen this drama play out many times before.
The conference goes into a last minute panic, then goes into extra innings. Then some time over the weekend delegates emerge bleary eyed from a late night session and announce a glorious compromise that lines the wrong pockets while accomplishing nothing meaningful for the planet.
CFACT’s Marc Morano told Sky News that, “this whole conference was about money, money, money” for a UN climate “slush fund.”
Check out my article at Newsmax calling on once and future President Trump to “Net Zero” the USA out of these UN climate meetings. I share a pile of climate absurdities and solutions that solve nothing such as eating insects to change the weather.
As UN climate delegates fight over the billions and trillions of dollars they crave, they do so under the cloud of an incoming Trump Administration that is threatening to pull the world’s number one economy out.
Let’s see how eager Canada, Europe, Japan and Australia are to continue throwing good money after bad if the U.S. calls “game over” and departs the field.
Thank you to CFACT’s friends and donors. You are the best! We cannot do it without you. Help CFACT meet our finance goal. Please make the most generous gift you can right now. Join the fight.
The fun has started at COP29!
From NOT A LOT OF PEOPLE KNOW THAT
By Paul Homewood
The fun has started at COP29!
For years successive COPs have papered over the cracks, but the cracks have now become unbridgeable chasms.
The West wants the world to give up fossil fuels. The developing countries want money, lots of it that the West can’t afford.
Meanwhile, China and the rest of Asia want a free pass both from cutting emissions and paying money out. And the major oil producing countries have said “On your bike!”
So far at Baku, the West has promised to pony up $250bn a year by 2035 in climate aid. But when inflation is taken into account, this is barely more than the $100bn agreed at Copenhagen in 2008. The third world wanted $1.3 trillion.
China still refuses to pay a cent, and Azerbaijan has made it clear that it will not abandon its God-given gift of oil and gas.
As for cutting emissions, the whole idea has had to take a back seat to this unseemly scrabble for money.
Meanwhile everybody knows the whole thing is a charade, because Trump won’t merely pull out of the Paris Agreement next year, he will take his money with him.
The whole thing is, of course, hilarious. All we need now is for Ed Miliband to try eating a bacon buttie again!
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