Paris Accord Is A Dead Deal Walking As $100 Billion Climate Fund Disappears

Shocking news—the magic $100 billion climate fund appears not to be taking shape! First world donors have been busily relabeling other foreign aid as contributions to the climate kitty. For developing countries, this is a cheat — they expect $100 billion in new money.

Or, to put it more accurately, they are not nearly stupid and naive enough to believe the lies Western diplomats tell when trying to bamboozle naive green voters at home that they are “Doing Something” about climate change. So they don’t really expect all that money, but hope to use these commitments to pry something out of the West. This, one notes, is the house of cards that the last Administration claimed was a big piece of its legacy. —The American Interest, 11 April 2017

China, Brazil, India and South Africa have urged industrialized countries to honor financial commitments made in Paris in 2015 to help developing countries fight against global climate change, they said in a statement on Tuesday. Following a meeting in Beijing, climate change ministers from the “BASIC” bloc of four major emerging economies called on rich countries “to honor their commitments and increase climate finance towards the $100 billion goal”, and said more clarity was needed to “track and account for” those pledges. —Reuters, 11 April 2017

Climate ministers from Europe, India, Brazil and South Africa have gone to Beijing in recent weeks, hoping to sustain momentum from the Paris talks despite the Trump administration’s dismantling of US regulations meant to limit American emissions. But discussions have quickly run up against the issue of financing.  “Developed countries have not met their commitments. In their reports a lot of their commitment is in the form of development aid. That doesn’t meet the commitment to contribute to new funds,” China’s top climate change negotiator, Xie Zhenhua, told a briefing on Tuesday. ‚ÄìLucy Hornby, Financial Times, 11 April 2017

G7 energy ministers have failed to agree a statement on climate change this afternoon because of ‘US reservations’, it has emerged. Top officials from the Group of Seven industrial nations gathered in Rome, Italy today amid growing concerns over the US administration’s moves to unravel policies aimed at stalling global warming. However, the US ‘reserved its position’ on the text about commitments made by G7 countries under the Paris accord, said Carlo Calenda, the Italian minister for economic development, who chaired the meeting in Rome. Lacking unanimity, Italy, which currently presides the Group of Seven, decided against proposing the joint statement, Calenda said. —Daily Mail, 10 April 2017

President Donald Trump’s abrupt turnaround on U.S. climate policy is fueling tension with several of America’s closest allies, which are resisting the administration’s demands that they support a bigger role for nuclear power and fossil fuels in the world’s energy supply. The dispute blew up at this week’s meeting of G-7 energy ministers, at which Trump administration officials pushed to include stronger pro-coal, pro-nuclear language in a proposed joint statement on energy policy. G-7 officials, led by the Europeans, refused to agree to stronger language touting fossil fuels without assurances from the United States that it would stay in the Paris climate change agreement, according to officials briefed on the discussions. –Andrew Restuccia, Politico, 11 April 2017 Water-guzzling coal-conversion projects are springing to life in arid western China, setting the stage for the large-scale deployment of what was previously a niche industry. A three-year downturn in coal prices has revived projects that convert coal to motor fuel, petrochemical feedstock or gas, after many were shelved in 2008 because of concerns about water supply and pollution. Successful development in China opens the door to the export of coal-intensive technologies, undercutting international efforts to limit emissions of carbon and other greenhouse gases. –Lucy Hornby, Financial Times, 12 April 2017

Fracking looks set to go ahead on a Lancashire site after campaigners lost a High Court challenge. Opponents urged the court to find a government decision approving planning for the site in Fylde either unfair or unlawful. But following a public inquiry, the planning inspector recommended the scheme. Environmentalists and local campaign groups reacted angrily to the decision, which they said went against the wishes of residents. —ITV News, 12 April 2017

Comments (10)

  • Avatar

    Spurwing Plover

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    Global Warming/Climate Change the biggist fruad and waste of money by the back to nature freakos

  • Avatar

    G

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    The veil has fallen. The entire climate change premise revolves around the destruction of free market economies and concurrent redistribution of earned wealth to a grand, but vague socialist reorganization of world power. Just follow the money.

    Also follow the people – the many former reds (avowed socialists) who were allowed to simply re-label themselves as greens (environmentalists) as the last wave of socialism collapsed of its own corrupt weight. Because they claimed to be “saving the planet”, their dubious environmental status and ulterior motives were never examined or questioned by the left-media, eager to embrace anything “environmental”.

  • Avatar

    Sonnyhill

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    How to spend $100Billion fighting climate change in the third world? Let us count the ways. Dictators need more fuel efficient jets to carry their harems on shopping trips.
    Their armies need more fuel efficient trucks and tanks.
    Upgrade their air conditioning and insulation.
    Replace their bullet proof windows with energy efficient triple – glazed units.
    By the time the United Nations takes their management fee, that’s all $100B will buy.

  • Avatar

    JayPee

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    Now that the bamboozling is over,
    They’ll still get together once a year

    To Boozle .

    • Avatar

      Sonnyhill

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      Canadian taxpayers sent more than 100 delegates to the Paris conference. If the UN and its backers were serious about reducing pollution, they’d video conference. Set a good example. Unfortunately, it would be difficult to do the nudge nudge wink wink without the world catching on.

    • Avatar

      G

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      “To Boozle.”
      Why is this so funny? Best laugh I’ve had in a few days!

      Thanks Jaypee!

  • Avatar

    Amber

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    What’s the matter with the USA don’t they realize how expensive chemical weapons , barrel bombs and third world graft can be? The not so great climate con is over and coincidentally so is the global warming fear industry . Who knew, taking away the money and the world cools .
    The climate conference all inclusive vacation circuit should be next . Tax payers revolt
    will be a lot scarier than the over exaggerated global warming fear industry .

  • Avatar

    Spurwing Plover

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    I’m sure all those who went to paris for this silly global warming big yap in arived in leer and gulf stream jets as well as other modes of transportation like 11 mpg limos they stayed at big fancy hotels sipped champaign,pigged out at the restruants visited the bar flirted with the ladies used countless kilowatt hours of eletricity used that water to wash themselves up and go to the can all the while they worked out some treaty/acord to further regulate our everyday lives and that’s why Trump needs to reject the paris accord

  • Avatar

    David Lewis

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    I would like to review a few items.

    One of the hidden agendas supporting the climate change movement is many liberal Europeans feel guilty about past colonization. They want to make huge payments to undeveloped nations to relieve their guilt, but this isn’t feasible even with the liberal domination of Europe. A solution is to claim that the industrial nations are damaging undeveloped nations by climate change and based on that rationalize payments.

    This assumes extreme weather events are increasing which would cause the extra damage and is still touted by some liberals and the nations hoping to get something for nothing. However, even the UN IPCC in its Fifth Assessment Report admitted that such events are not increasing.

    The other justification for the Green Climate Fund is to help pay for green energy in developing nations. From their view point is a good deal. It is even a better deal from the view point of those who would use corruption to siphon most of the money for personal gain.

    However, green energy is so expensive that the industrial nations are having a hard time deploying it for themselves. Consider Germany with power costing three times that of the US and 330,000 homes cut off from power because they can’t afford to pay the bills.

    Even if Clinton had won the election, the goal of 100 billion a year for the Green Climate Fund would not have even come close to being achieved.

  • Avatar

    Spurwing Plover

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    Some of those nature freaks like to post A PLEDGE TO THE EARTH in their homes and swear on a copy of EARTH IN THE BALANCE to abide by this eco-wacko nonsense

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