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
Most people don’t want to live under a communist regime, even less a communist world government.
Do you think Rick Perry will sign this treaty? Or Inholfe?
I would be given to say that this is a ‘meme’ (I dislike that word) story based on the original story from the New York Times.
http://www.nytimes.com/cwire/2009/12/17/17climatewire-hillary-clinton-pledges-100b-for-developing-96794.html.
Ben Cubby is a ‘greeny’ with nothing of mention in reporting other than ‘AGW scare’. If China signs then this may be interesting.
Pamela Gray (20:09:30) :
What have I been driven too! Sarah Palin is beginning to look like presidential material.
Politics would head in a very different direction if she was. And I don’t think it’s only me that sees that.
Am I the only one to suspect that this whole theater of the absurd (Africa whining and China balking, etc.) was organized in order to prop up Obama as a the hero of the hour and the leader and savior of the world? There is something suspicious about a man who comes out of obscurity to win the US presidency and the Nobel peace prize. Why do the nations of the world need a big messy meeting in Copenhagen to come up with an agreement? Is soething wrong with telephones, emails and the internet? I am deeply suspicious of the motives behind this circus.
Cromagnum (19:24:33) :
I think I’ve got it! Hey – I might be home by 11. I got quick_interp_tdm2 to dump a min/max for the synthetic grids. Guess what? Our old friend 32767 is here again, otherwise known as big-endian trauma.
…
>”big-endian trauma” sounds like a painful climate, or a native american injury?
He (/she/it) is talking about a number overflow. 32767 (ie 2^15 minus 1) is the maximum a 16bit signed integer variable can hold, so going over the ‘big end’ gives you ‘big endian’ trauma.
Sort of a joke. Not a good one, but us techies don’t get out much….. 😉
It may be face saving but if the above is instigated quite a few airlines around the world will be facing oblivion not to mention international tourism operators.
No need to panic. Its a bs deal that when analyzed will make our leaders look like idiots as opposed to heroes.
If you accept the IPCC climate models (which I dont), the reductions in emissions noted in the “deal” will still mean the globe will heat by 3C.
God help us and get out your scuba gear. lol.
Dave F (20:42:00) :
And apparently burning the US dollar is one way of combating global warming. Who knew?
There are people in US politics who do not like what America is. It’s not just the US dollar they want to burn. They would burn the Declaration of Independence and Constitution also.
Bad news: If I am reading the dispatch correctly, It isn’t $100 billions of US dollars.
“It would kick off with $US10 billion ($A11.28 billion) a year from 2010 to 2012, climbing to $US50 billion ($A56.39 billion) annually by 2015 and $US100 billion ($A112.78 billion) by 2020.”
2010-2011-2012 @ur momisugly $10 billions US annually
2013-2014-2015 @ur momisugly $50 billions US annually
2016-2017-2018-2019-2020 @ur momisugly $100 billions US annually
$30 billions US
+$150 billions US
+$500 billions US
————————–
$680 billions US
Assuming the escalation is maxed out at each level in the first years of the escalators, the total is $680 billions of US dollars over the net decade. It’s likely going to be somewhat less as I doubt the escalator will work as above. Even so, we are looking at a huge sum of money over the next decade, even under the best of circumstances.
“Alvin (20:07:13) :
Chavez makes a speech about “evil capitalism” and volia, the socialists reach an agreement.”
It is rather ironic because KRudd747’s wife is (Or was, I think she had to give up her business interets when KRuddy became PM) a very wealthy, capitalist, businesswoman.
One rule for the elite, another for us (And they’ll tax us for the pleasure).
The article has changed yet again:
“The text also proposes a range of innovative mechanisms for raising the money, ranging from a tax on air and sea transports fuels to a tax on financial transfers.”
But I do agree, it isn’t set in concrete, yet.
This agreement was arrived at long before the conference. This has all been Kabuki theater. President Obama wouldn’t have even scheduled a trip otherwise.
Mike Bryant (20:44:59) :
does anyone even have a strategy to stop the bleeding?
Americans see the bleeding. Politicians will find that they can’t vote out the people. They will find that the people can vote them out and say “don’t let the door hit you on the way out” after they do.
LOL… Just as Lord Monckton predicted they would.
He said it had all been worked out before hand, while the street theater was in full swing for this “amazing” 11’th hour agreement….
So they have a non binding agreement to spend Billions…. Yup.
By that time this hits our hyperinflation should mean that $100M will buy a loaf of bread, give or take, so I guess from a certain perspective it really isn’t a lot of money
Hell, why not make it a trillion… it’s just paper right?
Re-visiting this statement always makes me feel better…
“Future generations will wonder in bemused amazement that the early 21st century’s developed world went into hysterical panic over a globally averaged temperature increase of a few tenths of a degree, and, on the basis of gross exaggerations of highly uncertain computer projections combined into implausible chains of inference, proceeded to contemplate a roll-back of the industrial age”. Professor Richard Lindzen
_Jim (20:03:41) :
BRAVE NEW WORLD !!
Now, how can *I* profit from it …
.
Going by the history of past efforts by Western nations to funnel money to the LDCs for the long ongoing parade of humanitarian disasters, which, unlike AGW, have been mostly human caused, suggests there may be a very promising play in going long in Swiss bank stocks. Recent developments indicate they are due for significant increase in deposits on hand over the next several years
After reading further, remember that this is just a framework agreement. Not binding on anyone; great for scoring points and political grandstanding. There’s still the legal accord that needs to be signed next year. And that’s the one that’ll face tough going in the Senate. Maybe.
6:00AM now in Copenhagen, better get the popcorn ready.
@ur momisugly Mapou (20:50:16)
I share your concern.
And let’s have true pity for “Jackson” and all like he/her who spew a deep hatred and disrespect for others who might disagree.
i have no doubt it was sarah palin saying during the campaign that she was not sure how much global warming was “man-made” that caused the MSM to try to destroy her. they failed and i hope she hangs in there. btw what is wrong with her accent? nothing.
the ‘anointed one’ was ‘chosen’ to be the pied piper to lead us all into cap’n’tax for his banking cronies who bankrolled his campaign. cap’n’tax is what it is all about, nothing else.
Nice graphic picture.
Earth’s Upper Atmosphere is Cooling
http://www.universetoday.com/2009/12/17/earths-upper-atmosphere-is-cooling/
Leon Brozyna (20:02:44) :
Perhaps it’s not really a treaty, just an executive agreement?
He isn’t Pharaoh Obama.
OT but according to Danish DMI, the Arctic ice extent (= area of >30% ice coverage) for 2009 ran well past the 2004-08 spaghetti bundle yesterday:
http://ocean.dmi.dk/arctic/icecover.uk.php
TheGoodLocust thegoo (20:39:15) :
“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)…”
Hey, I resemble that!
Lou
Alaska
I have C-Span 2 on. They are still ‘debating’ healthcare at 12:25am Washington time. Apparently there’s going to be a vote at 1:00am Washington time–35 minutes from now.
America already told politicians this past summer they don’t want this healthcare bill. But here the politicians are in December pushing to get it.