{"id":290030,"date":"2023-12-05T12:16:16","date_gmt":"2023-12-05T11:16:16","guid":{"rendered":"https:\/\/climatescience.press\/?p=290030"},"modified":"2023-12-05T12:16:19","modified_gmt":"2023-12-05T11:16:19","slug":"cop-28-the-money-machine","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=290030","title":{"rendered":"COP 28: The money machine"},"content":{"rendered":"\n
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By Bonner Cohen, Ph. D.<\/a><\/p>\n\n\n\n

The sleek private jets winging their way to the Arabian Desert, where Dubai, United Arab Emirates is hosting this year\u2019s UN-sponsored Conference of the Parties (COP) confab, are carrying their typical load of high rollers from the corporate and foundation world, all of them eager to show their grave concern for the future of the planet\u2019s climate.<\/p>\n\n\n\n

At COP 28 (for the 28th<\/sup> such gathering), they will join hands with delegates from well over 100 countries and thousands of climate activists to bewail the inevitable disaster facing the earth unless urgent measures are taken to counter the \u201cclimate crisis.\u201d If all of this sounds drearily like previous COPs, take heart: The script for COP 28 has been flipped. Yes, countries will again pledge to slash their carbon emissions by a date certain. But such promises (which were never kept) will now have to take a backseat to the real business of COP 28: money \u2013 and lots of it.<\/p>\n\n\n\n

Now it\u2019s time for industrialized countries to make amends for all the climate-related suffering they are said to be inflicting on poorer countries. And what better way to do that than by forking over loads of cash to those who present themselves as victims of fossil fuels.<\/p>\n\n\n\n

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\u201cLoss and Damage Fund\u201d<\/strong><\/p>\n\n\n\n

The transition from emissions targets to cool cash has been swift. A UN report released last year said that at least $2 trillion yearly<\/em> by 2030 will be needed by developing countries to cope with climate-related disasters and to help them down the path of \u201csustainable\u201d energy use. Various green development funds \u2013 transfers of taxpayer money from predominantly middle-income earners in wealthy countries to rich elites in poor countries \u2013 have been proposed at previous COP meetings. But the pot of gold never materialized, because most industrialized country no more kept their financial commitments than they did their emissions-targets commitments.<\/p>\n\n\n\n

At Dubai, the slush fund has been rebranded as the \u201cLoss and Damage Fund;\u201d it\u2019s now being proposed under the guise of paying for \u201closs and damage\u201d incurred by poorer countries. Think of it as a form of climate reparations. The recipients not only have their hands out for taxpayer money. They also hope to pocket largess from the private sector. Purveyors of green energy, many of them already well healed, are eager to get into the game.<\/p>\n\n\n\n

\u201cIn the clean-energy transition, investments can be the major driver for progress,\u201d said Jake Levine, the chief climate officer of the U.S. International Development Finance Corp., a federal agency that helps fund economic development in poor countries,\u201d the Washington Post<\/em> (Nov. 30) reported.<\/p>\n\n\n\n

COP 28 is crawling with private-sector investors and \u201cphilanthropists\u201d licking their chops over the deals they hope to close that will bring such things as solar panels and windmills to impoverished communities in the Global South.<\/p>\n\n\n\n

\u201cThe sideshow is now the big tent,\u201d Beth Viola told the Post<\/em>. She should know. Viola is an energy lobbyist at the silk-stocking law firm of Holland & Knight who served in the Clinton administration and as an environmental adviser to Al Gore when he ran for president and to John Kerry when he was in the U.S. Senate.<\/p>\n\n\n\n

Kerry is heading the U.S. delegation in Dubai but will be joined later by Vice President Kamala Harris. Joe Biden is sitting this one out as is China\u2019s Xi Jinping. Kerry is reported to be seeking an agreement to clamp down on methane emissions, a not-too-subtle way of crippling natural gas production. He also is pushing for an agreement in Dubai that would end permitting for coal-fired power plants unless they are outfitted with expensive equipment to limit greenhouse-gas emissions, something he and his team know poor countries cannot afford. Not to worry, though. Xi\u2019s China controls the supply chain for wind and solar power and for the raw materials that go into batteries for EVs and serve as backup electricity when the wind doesn\u2019t blow and the sun doesn\u2019t shine. He\u2019s also overseeing the construction of coal-fired power plants all over China.<\/p>\n\n\n\n

And don\u2019t count on China to contribute anything to the Loss and Damage Fund. The Chinese have better things to do with their money.<\/p>\n\n\n\n

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The post\u00a0COP 28: The money machine<\/a>\u00a0appeared first on\u00a0CFACT<\/a>.<\/em><\/strong><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

By Bonner Cohen, Ph. D. The sleek private jets winging their way to the Arabian Desert, where Dubai, United Arab Emirates is hosting this year\u2019s UN-sponsored Conference of the Parties (COP) confab, are carrying their typical load of high rollers from the corporate and foundation world, all of them eager to show their grave concern […]<\/p>\n","protected":false},"author":121246920,"featured_media":290032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"The sleek private jets winging their way to the Arabian Desert, where Dubai, United Arab Emirates is hosting this year\u2019s UN-sponsored Conference of the Parties (COP) confab, are carrying their typical load of high rollers from the corporate and foundation","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691825044,691818102,691825042,691823932,691824937,691825041,691825043],"class_list":{"0":"post-290030","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-clean-energy-transition","9":"tag-climate-crisis","10":"tag-conference-of-the-parties-cop","11":"tag-cop-28","12":"tag-loss-and-damage-fund","13":"tag-money-machine","14":"tag-taxpayer-money","16":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/image-119.png?fit=1024%2C1024&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1drU","jetpack-related-posts":[{"id":290338,"url":"https:\/\/climatescience.press\/?p=290338","url_meta":{"origin":290030,"position":0},"title":"COP 28 is a really big fossil fuel trade show","author":"uwe.roland.gross","date":"07\/12\/2023","format":false,"excerpt":"What was supposed to be a big deal climate treaty negotiation has morphed into an enormous trade fair. Even funnier the focus is on fossil fuel production which the UN treaty is supposed to curb. COP 28 has an astounding number of attendees, with over 100,000 official registrants, more than\u2026","rel":"","context":"In \"African countries\"","block_context":{"text":"African countries","link":"https:\/\/climatescience.press\/?tag=african-countries"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00Screenshot-2023-12-07-120358.png?fit=1171%2C775&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00Screenshot-2023-12-07-120358.png?fit=1171%2C775&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00Screenshot-2023-12-07-120358.png?fit=1171%2C775&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00Screenshot-2023-12-07-120358.png?fit=1171%2C775&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/00Screenshot-2023-12-07-120358.png?fit=1171%2C775&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":289550,"url":"https:\/\/climatescience.press\/?p=289550","url_meta":{"origin":290030,"position":1},"title":"PRESS RELEASE: U.S. climate skeptics headed to UN climate summit in oil-producing Middle East","author":"uwe.roland.gross","date":"02\/12\/2023","format":false,"excerpt":"\u201cThe UN\u2019s COP 28 is nothing short of a climate\/Great Reset summit in Dubai, where public health bureaucracy and climate merge & Democracy goes to die,\u201d - Marc Morano FOR IMMEDIATE RELEASE: Media Contact: Judy Kent jkent@cfact.org (703) 477-7476 Expect a \u2018Climate\/Great Reset summit\u2019 where \u2018Democracy goes to die\u2019 Team\u2026","rel":"","context":"In \"COP 28\"","block_context":{"text":"COP 28","link":"https:\/\/climatescience.press\/?tag=cop-28"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Mission-Dubai-Feature-Pic-jpg.jpeg?fit=1200%2C798&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Mission-Dubai-Feature-Pic-jpg.jpeg?fit=1200%2C798&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Mission-Dubai-Feature-Pic-jpg.jpeg?fit=1200%2C798&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Mission-Dubai-Feature-Pic-jpg.jpeg?fit=1200%2C798&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Mission-Dubai-Feature-Pic-jpg.jpeg?fit=1200%2C798&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":291443,"url":"https:\/\/climatescience.press\/?p=291443","url_meta":{"origin":290030,"position":2},"title":"FLOP28 & the annual COP pantomime","author":"uwe.roland.gross","date":"15\/12\/2023","format":false,"excerpt":"This year, no fewer than 90,000 have abandoned their credibility, boarded their jet planes, and made their way to the bright lights of Dubai for the gabfest that is the annual Conference of the Parties (usually referred to as a \u2018COP\u2019) to the UN Framework Convention on Climate Change.","rel":"","context":"In \"carbon footprints\"","block_context":{"text":"carbon footprints","link":"https:\/\/climatescience.press\/?tag=carbon-footprints"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Flop28.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Flop28.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Flop28.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Flop28.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0Flop28.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":291821,"url":"https:\/\/climatescience.press\/?p=291821","url_meta":{"origin":290030,"position":3},"title":"COP 28: UN climate conference ends with more of the same tired \u2018goals\u2019","author":"uwe.roland.gross","date":"18\/12\/2023","format":false,"excerpt":"The UN\u2019s annual climate meeting (COP28) is over. The reaction to the\u00a0final agreement, dubbed \u201cthe Dubai Consensus,\u201d is not unexpectantly being heralded as \u201chistoric\u201d and \u201clandmark\u201d by the mainstream media.","rel":"","context":"In \"business as usual\"","block_context":{"text":"business as usual","link":"https:\/\/climatescience.press\/?tag=business-as-usual"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0UAE_hero.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0UAE_hero.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0UAE_hero.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0UAE_hero.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0UAE_hero.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":291790,"url":"https:\/\/climatescience.press\/?p=291790","url_meta":{"origin":290030,"position":4},"title":"The COP28 charade","author":"uwe.roland.gross","date":"18\/12\/2023","format":false,"excerpt":"\u2018All the world\u2019s a stage, and all the men and women merely players\u2019, wrote William Shakespeare. He might have been foreseeing the show recently concluded in Dubai, where over 100,000 people reportedly came to play their roles at COP 28, the 28th major climate policy summit.","rel":"","context":"In \"CO2\"","block_context":{"text":"CO2","link":"https:\/\/climatescience.press\/?tag=co2"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0NZW_Charade.png?fit=1200%2C632&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0NZW_Charade.png?fit=1200%2C632&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0NZW_Charade.png?fit=1200%2C632&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0NZW_Charade.png?fit=1200%2C632&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/0NZW_Charade.png?fit=1200%2C632&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":290967,"url":"https:\/\/climatescience.press\/?p=290967","url_meta":{"origin":290030,"position":5},"title":"\u201cVerge of complete failure\u201d but otherwise a bonanza Olympic fashion parade for billionaires","author":"uwe.roland.gross","date":"12\/12\/2023","format":false,"excerpt":"Scientifically the UN Conference of Parties (COP) has abjectly failed 27 times at the one thing it was supposedly set up to do, which was reduce carbon emissions and save the weather,\u00a0 but it\u2019s been a wild success on the Global-Trade-Party-and-Schmooze calendar.","rel":"","context":"In \"Billionaires\"","block_context":{"text":"Billionaires","link":"https:\/\/climatescience.press\/?tag=billionaires"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-22.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-22.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-22.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/OIG-22.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/290030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=290030"}],"version-history":[{"count":3,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/290030\/revisions"}],"predecessor-version":[{"id":290036,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/290030\/revisions\/290036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/290032"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=290030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=290030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=290030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}