Just in time for Obama to announce it, and it only cost the USA 100 billion dollars. Thanks Hillary.
UPDATE: Statistician William Briggs points out in an email to me that he mentioned in an essay here that Lord Monckton had predicted this sort of outcome a month ago:
The forces of darkness will realize that some deal is better than no deal. Lord Monckton, on a guest appearance on the Glenn Beck program a month ago, had it right. He predicted the early stalemate, but said it would end at the last possible minute, after an all-hours marathon session:
From which the bureaucrats would emerge, their ties over their heads, where they will announce, “We’ve done it. We’ve come to an agreement.”
Leaders and ministers from 28 countries including Australia have outlined a draft accord to fight global warming.
The details of the draft are not known yet but the move came hours before some 130 world leaders were set to convene in the dying hours of the climate summit at Copenhagen.
Representatives from key blocs, covering both rich and developing countries, embarked on late-night negotiations in a desperate bid to hammer out a draft climate change agreement.
UN Secretary-General Ban Ki-moon was also participating in the talks, which continued into this morning.
US Secretary of State Hillary Clinton, German Chancellor Angela Merkel, British Prime Minister Gordon Brown, French President Nicolas Sarkozy and Brazilian President Inacio Lula da Silva were all seen as the talks got underway shortly after 11pm in Copenhagen.
Among industrialised countries, the participants were Norway, Russia, Spain, Britain, the US, Denmark, Australia, Germany, France, Sweden and Japan.
Representing small island states were the Maldives and Grenada, with Sudan, Algeria, Ethiopia and Lesotho from Africa. Sudan is also the leader of the G77 group of 130 developed countries, Algeria heads the Africa Group, and Lesotho leads the bloc of Least Developed Countries.
Major emerging present economies included China, India, Brazil, South Africa and Mexico. Besides Brazil, other countries in which deforestation is a major source of greenhouse gas emissions include Colombia and Indonesia.
There are two transnational groupings included: the European Commission and the Secretary-General of the United Nations.
More than 130 heads of state and government will convene today for the final day of the climate summit talks.
AFP
h/t to WUWT reader Patrick Davis
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It’s not 100B/year. It’s 100B/year of payout to ‘developing’ communist and muslim countries, along with technology,support and a promised massive CO2 reduction from our own. Our own reduction in output is the real $$. Not this little stuff.
They’re trying to reverse our winning of the cold war.
Hillary, other democrats and some republicans are obviously working for the interests of foreign nations at the expense of ours. This is treason in my book.
100 billion
I ask the same question I ask for months now—where will the money come from?
“John in NZ (19:50:45) :
SMH does say “If the declaration is accepted at the summit,……”
It may not be.”
This is true however, Gordon Brown knows his days are numbered as the UK PM, so he will sign (No skin off his nose. Tony Bliar was smart to move aside and let someone else take the flack). Kevin Rudd believes he will run as many terms as Johnny Howard and with pressure from Mzzz Wrong and Mzzz Gillard, he will sign any agreement, and you put it so well, to step off a plane waving a bit of paper, “Look see! I saved the planet!”. Obama on the other hand, I am not sure what way he’ll go right now. It would be risky for him to make such commitments in the face of a stagnant economy and 10% unemployment. The rest of Europe will just fall in line, with China, India, Africa, Brasil etc etc, laughing all the way to the bank.
What have I been driven too! Sarah Palin is beginning to look like presidential material. Just how far do we have to lower the bar? I too am ready for a replacement party to either one, doesn’t matter which goes down the tubes.
Actually as best I can disentangle this hotchpotch nobody is really going to pay anybody anything.
A text will be agreed to set up a future fund of the said 100 billion US but that is not the same as doing so.
I may be wrong, I often am, but I suspect that actual hard cash is not going to be forthcoming.
Merely earnest protestations that it will be available will some time in the future.
As soon as the details are agreed.
Which I suspect will be never. Well time will tell.
Kindest Regards
Hillary better put Bill to work so that she can cover her $100B bet, because she sure isn’t getting it from me.
Karl Juve
Copenhagen and the new agreement to fight climate change is already working, ice extent according to JAXA has gotton above the 2008 level. [/joke] 😛
Vote my Pirate Party.
At least you know if a Pirate is gonna double cross you, you know he actually will knife you in the back first.
I would have preferred a debacle, but we have to accept that “something has to be seen to be done” so that when all these popinjays come home, they can say they achieved something; even if it is the bankrupting of their respective countries.
Alan Jones in Sydney had Richard Lindzen on his radio show a few weeks back. Lindzen reckons that even if something was passed that it would all collapse in a very few years when the truth and local politics would pressure pollies into reneging on any commitments.
Once again, hands up all those who think Robert Mugabe deserves a donation.
Still nobody? Thought so!
If the whole world agrees to reduce pollution and preserve forests, I’ll be happy – (and very suspicious of anyone complaining). I suggest going through all the documents and replacing “AGW” with “toxic pollution”.
I’d also like to see some kind of statement clearly indicating firm resolve to delay no longer in developing understanding of natural climate variations equivalent to our understanding of tides.
As for capitalism: If it works, no one has proven it to me yet – (i.e. I remain a skeptic – I’ve heard of the theory & the related computer fantasies, but I haven’t yet seen a shred of empirical evidence — please feel welcome to try to convince me otherwise, but I assure you words won’t do the job).
All the best.
This sounds like tabloid hysteria to me.
I don’t see any deal. I see nothing, really. There may be a deal, but it will likely be as worthless as Kyoto. One can only hope.
Folks, a little perspective here. Barry and Hill don’t have $100M or anything close to it. Neither one can commit us to this as treaties must be ratified by the Senate and the House must appropriate funds. It will never happen.
This is purely for the press to change the “Copenhagen Catastrophe” headlines.
CNN is having a climate change debate, if you want to call it that, it’s giving me a headache. I just took an Excedrin. I don’t know how much more of it I can take, I’ll probably have to turn it off soon.
“The U.S. is rich and successful; prime target for guilt and extortion. ”
The US is flat broke and on the verge of total economic collapse.
Ooops, $100B, not $100M, but the point is the same. This is for show.
It costs governments nothing! They do not have money. They have heaps of yours and mine!
Actually, that is $100,000,000,000 per year. There is a difference!
Pamela Gray (20:09:30) :
“What have I been driven too! Sarah Palin is beginning to look like presidential material.”
Actually Sarah Palin isn’t that bad. She has a good record and seems to be pretty honest for a politician. The worst thing about her is her accent (which makes her sound dumb) and the media editing interviews with her to make her look bad.
I guarantee that Obama has said far stupider sounding things (and with more frequency!), but that didn’t fit with the philosopher-king myth that the media wanted to portray and so they ignored such inconvenient details (just like they ignored his record of corruption and bare-knuckle politics).
Honestly, I wish we had more politicians who got their start by joining their local PTA.
This is political spin straight from Kevin Rudd..
Actually, if you read it carefully, it says that the draft is still not finalized, with only a few hours left to go and the details are still not known.
And apparently burning the US dollar is one way of combating global warming. Who knew?
It is probably much less than meets the eye.
The money happens years and years in the future, and the US part is relatively small.
This is face saving for the AGW true believers so they can declare victory.
Faster, Climategate, spill! spill!
Pamela Gray…You’ve got me laughing out loud… hard… It’s a brave new world…
Or is it the dog returning to its vomit? God help us all… Only the elections might save us… does anyone even have a strategy to stop the bleeding? OK that’s all the metaphors I have… Mike Bryant signing out…
I think I read somwhere that the ChiCom bribe is $100 billion per year (Dr Evil would be proud), but only with the US trying to talk private enterprise and other governments to put up the dough. Will this be good enough for the ChiComs, or will they want to see Obama’s “John Hancock” on the check? Can Obama get the money appropriated out of Congress? And even if he does, can he get re-elected?
It seems to me that a “$100 billion check payable to Chavez/Mugabe and such” would be Obama’s Willy Horton moment.