{"id":352186,"date":"2024-11-24T11:00:14","date_gmt":"2024-11-24T10:00:14","guid":{"rendered":"https:\/\/climatescience.press\/?p=352186"},"modified":"2024-11-24T11:00:16","modified_gmt":"2024-11-24T10:00:16","slug":"cop-29-the-big-un-money-grab","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=352186","title":{"rendered":"COP 29: The big UN money grab"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From CFACT<\/a><\/p>\n\n\n\n

By Craig Rucker<\/a><\/p>\n\n\n\n

The sums of money being demanded at the UN climate conference in Azerbaijan are staggering.<\/p>\n\n\n\n

The UN estimates<\/a> 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.<\/p>\n\n\n\n

A trillion here, a trillion there, and pretty soon you\u2019re talking about real money.<\/p>\n\n\n\n

They are pushing for something they call the \u201cnew collective quantified goal\u201d at COP 29 in Baku.  This mainly means a fortune in climate redistribution from the developed to the developing world.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Delegates are all too aware that this spending largess in no way squares with President-elect Trump\u2019s \u201cAmerica first\u201d agenda, but they are hoping to wait him out as they did once before.<\/p>\n\n\n\n

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\u2019s number one emitter of greenhouse gases and boasts the second largest economy, while India\u2019s economy is all the way up at number five.<\/p>\n\n\n\n

This is due to something the UN calls \u201ccommon, but differentiated responsibilities,\u201d which has been baked into the climate regime going all the way back to 1997\u2019s Kyoto Protocol.  China, meanwhile, holds $8.16 trillion of U.S. debt<\/a>.<\/p>\n\n\n\n

Wherever climate policy goes next, China should equally bear the pain and shoulder the responsibility they advocate for us.<\/p>\n\n\n\n

President Obama shoveled $1 billion<\/a> over to the UN\u2019s Green Climate Fund shortly before President Trump began his first term.  This included $500 million transferred just three days before inauguration day.<\/p>\n\n\n\n

Will the Biden Administration try to top that?<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Let\u2019s hope President Trump resurrects climate and energy reality for the U.S. and the world before much more damage is done.<\/em><\/p>\n\n\n\n

Thank you to all of CFACT\u2019s friends and readers who have given so generously to make CFACT\u2019s 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<\/strong><\/a>.  We cannot do it without you.<\/em><\/p>\n\n\n\n

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

The sums of money being demanded at the UN climate conference in Azerbaijan are staggering.<\/p>\n

The UN estimates\u00a0that the world currently spend $3 trillion per year on climate and wants to dedicate $3.5 trillion to energy transition per year by 2050.\u00a0 This would skyrocket total annual global climate spending to $5 trillion.<\/p>\n","protected":false},"author":121246920,"featured_media":352191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","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_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"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":[691831644,691818341,691831643,691831642],"class_list":["post-352186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-3-trillion-per-year","tag-china","tag-un-climate-conference-in-azerbaijan","tag-un-climate-regime","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0Climate-finance-banner.jpg?fit=877%2C547&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1tCq","jetpack-related-posts":[{"id":291790,"url":"https:\/\/climatescience.press\/?p=291790","url_meta":{"origin":352186,"position":0},"title":"The COP28 charade","author":"uwe.roland.gross","date":"12\/18\/2023","format":false,"excerpt":"\u2018All the world\u2019s a stage, and all the men and women merely players\u2019, wrote William Shakespeare. 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