The contentious (and absurd) concept of “loss and damage” compensation for climate change took several steps forward last week at the Bonn UN climate summit. In addition to a packed two-day conference, we now have an established cost estimate.
Loss and damage is diplomatic code for the idea that the developed countries, especially America, should pay the developing countries for the bad things that they attribute to climate change.
This includes pretty much all bad weather, plus the supposed effects of sea level rise, and who knows what else.
Here is a clear policy proposal that came up during the conference:
“Resources to offset climate-related losses and damages need to be scaled up and the perpetrators, not the victims, must pay. Serious consideration must be given to solutions like a climate damages tax on fossil fuel extraction or consumption, a climate levy on those sectors that contribute the most to climate change and more impactful carbon pricing schemes. These mechanisms could raise the hundreds of billions of dollars a year that are necessary, could help to reduce the production of greenhouse gases and could be designed to respond faster to immediate or slowly unfurling climate disasters.”
So, for example, a gasoline tax throughout America and the rest of the developed world might be part of the proposed loss and damage compensation picture. I am not making this up.
That this scheme is under serious discussion at UN climate conferences is simply not being reported in the American mainstream media. It is, however, being widely reported in the developing world, with great enthusiasm. Of course, they are all for it.
The initial cost of this absurd compensation scheme is now generally pegged at a nice round $300 billion a year. This is from a report by the Berlin-based Heinrich Böll Foundation, which was released at last year’s summit.
This is on top of the mythical $100 billion a year that the developed countries are supposed to pay the developing ones for cutting their CO2 emissions and adapting to climate change.
But there is in principle no limit because the list of speculative bad stuff supposedly due to human-caused climate change is endless.
Here is a revealing part of a joint statement issued a few months ago by government ministers from Dominica and Vanuatu, in favor of the UN’s loss and damage compensation scheme:
“A few months ago, Hurricane Maria caused economic losses and damages of 226% of Dominica’s GDP. Only two years before, Tropical storm Erika cost Dominica 90% of GDP, and Tropical Cyclone Pam battered Vanuatu, costing 64% of Vanuatu’s GDP.”
In other words, these tiny countries stand to collect relatively huge amounts every time a hurricane or tropical storm hits, in severe cases multiples of their entire GDP.
No wonder they want this so much. Imagine a big storm tripling your national economy (at someone else’s expense).
The big two-day conference on this vast money-making UN scheme was called the Suva Expert Dialogue. A search on Google news for this term finds no major US news outlet even mentioning it, or the issue of loss and damage.
Do they think that we are not interested in the prospect of being in effect fined trillions of dollars for all of the bad weather in most of the world?
Or maybe they think that if we knew about this absurd scheme we might not support the UN’s climate change crusade? My guess is the latter.
Read more at CFACT
Modern Enviromentalism causes Brain Damage Avoid,Avoid,Avoid Raaaawk,Kraaw,Skreee,Skreet
Keep in mind at all times that former UN climate chief Christina Figuerez (sp?) openly told us that the global warming scam had nothing to do with climate. It was all about the redistribution of wealth and the destruction of capitalism. This statement appears to be very true.
“That this scheme is under serious discussion at UN climate conferences is simply not being reported in the American mainstream media. It is, however, being widely reported in the developing world, with great enthusiasm. Of course, they are all for it.”
Ah yes. …”Always remember the first rule of power tactics: Power is not only what you have but what the enemy thinks you have.” Global cooling. Global Warming. Climate Change and/or all of the above….”the fourth rule is: Make the enemy live up to their own book of rules”. Political correctness must be observed. ……”The eleventh rule is: If you push a negative hard and deep enough it will break through into its counterside.” Lies, lies, lies lies…. “The twelfth rule: The price of a successful attack is a constructive alternative”. “the developing world” are now UN “Global Dreamers” and to deny the Dreamers is not who WE are.
The idea of “loss and damage” compensation is wrong on so many levels. First, loss and damage caused by green house gas emissions just isn’t happening. The IPCC in its fifth assessment report and many other studies document this. I suspect that those demanding compensation are not even aware of this. They are talking to others who believe the same so there is no one to inject reality.
Another item that is wrong reveals the real greed of these people. For a moment, pretend that there has been a 10% increase climate related damage. Reasonable people would be asking for compensation for the extra 10%. However, the current loss and damage demand is for 100% of every climate event.
Another thing wrong is those who have failed want to get rich at the expense of those who have succeeded, a typical socialist concept. The success of the developed countries wouldn’t have been possible without the use of fossil fuels. The nations that are currently the developing nations could have and should have done the same. However, they let corruption, dictators, and other factors get in the way. The so called rich nations shouldn’t have to pay for their failure.
The loss and damage advocates believe they made a lot of progress in Bonn. They did as far as coming to a fantasy figure of what would be paid to them and defined some truly effective ways that it could be collected. However, that is only the parasites’ side of the issue. For anything to happen the host of the proposed parasitic relationship would have to go along. Under our eight years of Obama as president the US continued to resist and in some cases blocked the effort for loss and damage. You can bet President Trump would not go along with it. In addition to the president, congress would have to approve the taxes and there is no doubt how far that would go. Other developed nations have been resisting too, often letting the US play the bad guy in diplomatic maneuvering.
So despite the “progress” and increasing loud demands, lose and damage compensation is no closer to happening than it has been for years.
What about the good things the the developing world receives from first world companies such as advances in medicine/healthcare, the internet, cellular phones, GMO seeds, fertilizers, etc. The list goes on and on.
U.S. should cancel any foreign aid to any nation trying to fleece us in this manner. Pay them the “Loss and Damage Compensation” instead of foreign aid.
Pretty sure most nations would lose out in that swap.
Great idea. These people are social parasites to begin with. Each time they try to float another socialist redistribution scheme penalize them proactively. If there’s never a spanking for having their hands in the cookie jar there’s no reason to stop the theft.
The climate change scam has officially jumped-the-shark! The UNITED NATIONS– “WE’RE PLANNING A MILLION WAYS TO STEAL YOUR MONEY!!!!!!!!!!!!!”
Michael Bloomberg will pay for Trump and the USA.
He is supposed to be so smart yet he got suckered in to buy the snake oil.
The Useless Nations is selling Snake Oil to the American Public and the world Global Warming/Climate Change is that kind of Snake Oil