Emboldened China Plays $100 Billion Trump Card
China offered new details on its commitment to rein in greenhouse gases and called on rich nations to speed up delivery of the $100 billion in annual climate-related aid they’ve promised by 2020. Su Wei, China’s lead climate negotiator, coupled his comments on China’s commitment with a call to accelerate funding for climate aid, shifting the pressure to industrialized nations, led by the U.S. and European Union, to do their part toward reaching an agreement next year. The “$10 billion is just one 10th of that objective,” and “we do not have any clear road map of meeting that target for 2020,” Su said. Climate aid is “a trust-building process,” he added. —Alex Morales and Reed Landberg, Bloomberg, 5 December 2014
Rich nations’ pledges of almost $10 billion to a green fund to help poor nations cope with global warming are “far from adequate,” particularly Australia’s lack of a donation, the head of China’s delegation at U.N. climate talks said on Thursday. Su Wei also urged all rich nations to deepen their planned cuts in greenhouse gas emissions, signaling that a joint Chinese-U.S. announcement of greenhouse gas curbs last month does not mean an end to deep differences on climate policy. —Reuters, 5 December 2014
Source: Dr. Benny Peiser and the GWPF
The belief in the AGW Lysenkoism addles many Western political brains, but that AGW fraud has one beneficial side effect: “Global warming did serve a couple of useful purposes. The issue has been a litmus test for our political class. Any politician who has stated a belief in global warming is either a cynical opportunist or an easily deluded fool. In neither case should that politician ever be taken seriously again. No excuses can be accepted.”
To wit: http://tinyurl.com/ptgrz34 & http://tinyurl.com/ot2hlp4 & http://tinyurl.com/q4rtmvf
Confucius say; Man who speak with forked tongue able to tell twice as many half-truths.
Our Asian friend China advises the Western countries to spend money they do have. The developing country climate mitigation fund ($100 billion/year) will be sent to an ineffective UN bureaucracy which will in turn after their cut, will send what funds are left to corrupt developing countries. What every climate mitigation scam money is left after the many, many middle men take their cut will be spent to purchase Chinese manufactured solar cells and wind turbines for developing countries (P.S. Developing countries need coal plants which do work to work rather than green scams.)
From China’s standpoint the climate ‘crisis’ agreement scam is win-win. China promises to continue to construct coal power plants until 2030 at which time they will reach their peak power demand.
The West promises to race to economic apocalypse due to a steady loss of jobs to Asia, massive unfunded liabilities, and a promise to spend trillions of dollars on green scams that do not work.
(P.S. China, unlike the spend like there is no tomorrow and make unfunded commitments for programs that are impossible to fund Obama administration, can see the US economic train wreck in the near future. China have just made – December, 2014 – the second largest sale ever of US treasuries. Perhaps the Obama administration can print more money to save the day. Ha! Ha! The joke gets better the planet is about to abruptly cool due to the solar cycle 24 interruption, there is no global warming crisis. If only reality would change if it is ignored for long enough.)
http://www.forbes.com/fdc/welcome_mjx.shtml
http://www.zerohedge.com/news/2014-02-18/china-sells-second-largest-amount-us-treasurys-december-and-guess-who-comes-rescue
Might be Eurostream again, another Belgian Bulge, they helped in selling off US treasuries held by Russia, now maybe for China. They sit in Belgium, they’re a private entity, but their holdings for some reason appear in this treasury statistic. They’re like a sink for nations who want to sell their US treasury holdings.
More importantly: China obviously sees a diminishing need to hold US treasuries. Why would one hold them in the first place? TO PAY FOR OIL. And that’s over now. Which also means that the US can stop assassinating presidents of nations who decide to sell their oil for non-Dollars: IT IS OVER.
U.S. National Debt: $1.1 Million Per Taxpayer
===========
a nation of millionaires
Debt going up, taxpayers going down. It was inevitable.
Obama: “$100 Billion? Not a problem.”
China (aside) to the Third World: “Never give a sucker an even break.”
There is no mention of $ aid for China. The reading does not support such an interpretation.
Instead, China is building a case for its own industrial policy, that is, point your CO2 fingers at your own hypocritical shortcomings if you want remediation.
This is just public maneuvering. Of course China knows the Obama deal is all show.
Silence! Obama is busy building his “legacy”.
Proud to say the Oz PM refused to give any cash and I have the secret video linked to below.
Warning, the Aussie PM uses a bit of language
Obama is only good at bullying and shoving stuff off on Americans. He is seen as a fool by the international community.
Absolutely! Also, known as an empty suit, Zerobama, and many other phrases that would get moderated away. Even the “progressives” know he’s a complete idiot.
It’s mind boggling to me that anyone would have voted for him… and yet they did. Mind boggling.
This “deal” was more like capitulation. Reminds me of the Chamberlain “peace in our time” agreement with Hitler (not to impugn China) and has put a dagger in the heart of the climate movement.
Obama’s “leading by example” is a joke. Suppose he had said, “You developing countries are having too many babies. So we in the US are going to show you how to fix the problem – henceforth all American men are going to be required by the government to cut their… castrate themselves. I’m sure that you will want to follow our great example.”
When they stop laughing, they’ll have *extra* babies, just to keep the joke alive and rub it in. Just like China is doing right now. If China is a developing country, why shouldn’t every developing country follow their example?
Anyway, check out the (Gore Effect) weather forecast for Lima, Peru. They must have a whole staff of meteorologists just dedicated to finding new ways to describe clouds (from the seven day forecast, duplicates removed):
– mixture of sun and clouds
– Scattered clouds
– Broken clouds
– More sun than clouds
– Passing clouds
In the 14 day forecast, only one with pure sun – the 14th day. They probably throw that in to give people hope and certain that they will not remember when that day is – wait for it – cloudy.
Funny how the Gore effect works so reliably…
Look at it this way: we’re not really paying for this as it’s all deficit spending!!!! It’s more of a rebate on China’s treasury purchases!!!!
Why is Red China getting ANY of these funds? One of the most rapidly expanding economies in the world and one our largest lenders, they should be PAYING into this fund. Talk about a con job.
The only thing that Obama promised was to keep nagging the US about CO2 and continue his administration’s administrative war on CO2. He can’t give any money to China without a Congressional appropriation.
Congress hasn’t stopped him so far in his executive actions.
Let’s hope that changes with the numbers the next 2 years. Not to mention public disapproval.
The worse Obama’s approval numbers become, the less incentive he’ll have to not try to push his policies through ‘executive orders’.
Congress should defund Air Force One and let him walk to his next golf game. That would get his attention.
China has enough money to pay for this crap.
But they won’t. What you’re gonna do about it?
Vote republican, that’s what.
Yes, but this will allow them to build up their military even faster. And then who is going to ask them for their climate aid money back when they choose not to abide by their agreement in 2030?
The problem is the Chinese can add as much as they want by 2030.
If the US does not redirect it’s attention away from the diversion of predicting the global future and changing it at will, the Chinese could own this country by 2030.
Isn’t that the truth….some one needs to re-read “The Art of War”.
Can’t the UN just print a few trillion like the US and EU do and leave tax payers out of it? They could just print up enough to build a fleet of starships and use them to drag Earth a bit further back from the Sun, and then the UN could just bugger-off to the other side of Andromeda or something. Solved!
“Rich nations’ pledges of almost $10 billion to a green fund to help poor nations cope with global warming are “far from adequate,” particularly Australia’s lack of a donation..”
Thank God for Tony Abbot. The world looks to Australia for leadership in the fight against climate alarmism, why are so many nations in the rest of the world still being fooled?
The governments of those nations aren’t being fooled at all. They KNOW its a political game with big payoffs for wealthy friends. Don’t kid yourself about what’s going on.
This is beyond insane. Since America borrows a lot of money from China, China is essentially demanding we borrow their money, hand the cash to them, then pay off the money we borrowed, which we already handed back to China.
Obama the (incompetent) poker player:
‘Don’t call my bluff’
What an idiot.
http://thehill.com/homenews/administration/171403-obama-warns-cantor-dont-call-my-bluff-in-debt-talks
$10 Billion? Chump change if the UN has its way and we blindly follow in spite of the mounting evidence that questions the UN’s AGW position. But with this much money and power at stake you can bet that they will double down on their fear mongering narrative.
“Investment and financial flows to address climate change: an update (26 Nov 2008)”
http://www.fao.org/fileadmin/user_upload/rome2007/docs/Investment%20and%20financial%20flows%20to%20address%20climate%20change%20an%20update.pdf
UNDP: Adaption: $83 Billion pa (Page 23 Table 6)
UNDP: Identified Adaption Projects: $1,506,075,974 (Page 25)
UNDP: Mitigation Funds $363 Billion (Page 53)
If you keep reading you will also see the road map laid out by the UNDP and which is apparently being followed by this administration.
“Regulatory standards, Taxes and charges and non-climate related policies (that) focus on poverty, land use and land-use change, land rights, energy supply and security; international trade, air pollution and structural reforms (in order to) achieve synergy between sustainable development strategies and climate-related goals”. Table 23
Note “land rights, land-use and water rights” and the Government recent actions in regard to all three of these issues. Also note the section within the “Update” regarding China being a major beneficiary of these funds.
And we are just supposed to bend over and take it? Think not.
Its funny Global warming activists were so pleased with the China deal with Obama they should also rapidly embrace the payment by their debt stricken nations contributing to the development of one of the worlds richest as they continue to increase emissions for 16 years.
Fools and their money are soon parted.
It was always about money.
http://thepointman.wordpress.com/2014/01/17/the-coming-shape-of-2014/
Pointman
China is now the biggest economy in the world and also the biggest emitter of green house gasses, and we’re supposed to pay THEM climate aid? If this doesn’t convince people that climate change is political and simply a ruse to redistribute wealth, nothing will.
Well both the Chi-coms and Bama and the lib Dems are as crazed as each other. They deserve each other. And since China is now No.1 economically, the legacy of Bama is going to be even worse if historians are not brainwashed on all of these issues that this man has made worse with his anti-capitalist, anti-American policies. None of this climate stuff has anything to do with real life or issues which affect both nations.
No one knows where all the money is going in this country. The role of the House of Reps has been compromised by blanket required funding of federal bureaucracies. What you see here in plain view is the motive and means to set up a World Empire for the price of $100 billion per year.
And what will dear sweet China will be doing in this One World Empire which requires $100 billion dollars per year to run? Does anyone think one-child, firewall, church-demolishing China plans on being quiescent?
Since the Cannabis Generation is stripping out and selling the Western English-speaking countries’ coal, electricity, personal transportation, personal weapons, mass manufacturing, flight, education, plumbing, and agriculture, may I suggest one option is to just skip straight to the part where there is a gold image of the leader to bow down to, his picture in every home, and a little red book which is sacred text and taught in schools? That happens a lot.
I see the rhetoric has changed from ‘developing’ to ‘rich nations’ now………….
Only our naked emperor could get in on a “deal” like that. What a class 1 moron.