Guest essay by Eric Worrall
LDCs (least developed countries) have forwarded an invoice for $1 trillion dollars, to be paid between 2020 – 2030, in order to meet their climate goals.
According to Australian Sky News;
The world’s 48 poorest countries will need to find around $US1 trillion ($A1.39 trillion) dollars between 2020 and 2030 to achieve their plans to tackle climate change – and those plans should be a priority for international funding, researchers say.
Estimates based on plans submitted by the least-developed countries (LDCs) toward a new UN deal to curb global warming show they will cost around $US93.7 billion ($A130.22 billion) a year from 2020, when an agreement expected to be ironed out in Paris over the next two weeks is due to take effect.
That includes $US53.8 billion annually to reduce emissions and $US39.9 billion to deal with more extreme weather and rising seas, according to a report from the London-based International Institute for Environment and Development (IIED).
Read more: Sky News
Sky News also notes that On Monday, 11 donor governments pledged close to $US250 million in new money for adaptation in the poorest countries at the start of the UN climate talks. So it seems there is still a fair way to go, to close the gap between expectations and delivery.
And of course it seems unlikely that America will contribute significantly to this funding demand. The US Congress has threatened to block any green funding pledges made by President Obama at the COP21 conference.
EW – Sky News Link corrected (thanks lee)
Discover more from Watts Up With That?
Subscribe to get the latest posts sent to your email.
These people got us here, so they should pay to fix it .http://www.forbes.com/billionaires/list/ Not governments, their responsible for turning our tax dollars in war equipment and paying mercenaries to create world wide disruption so governments can justify their spending. 15 things you might not know http://www.businessinsider.com.au/military-spending-budget-defense-cuts-2011-10?r=US&IR=T#america-spends-more-on-its-military-than-the-next-15-countries-combined-1
They want a trillion dollars . What are they going to do, go green and burn greenbacks instead of coal ?
http://storage.torontosun.com/v1/blogs-prod-photos/8/1/1/b/6/811b6ebe9b4a7f44c74a0d88e75b3c92.jpg?stmp=1312209546 . A picture paints a thousand words. Not that long ago 1 million would have been enough to live on for the rest of my life providing for my whole family . The money system here in Australia turned to crap once they stopped paying us in real cash, and started using invisible money (plastic cards) .
Remove “governments” and insert “free enterprise” (as in free of nonsensical and/or agenda driven regulations) and the definition of what a “poor nation” is will be raised significantly.
The taxpayers won’t have to be paying, they’ll be trading.
FoxNews is getting into the fight !!!!
http://www.foxnews.com/on-air/the-five/videos
Or is it actually a war of ideology ??
Wow. The most honest COP ever. It’s all about the money. Did anyone see anything about science in the media? So far, all I have seen is A should pay B because of XYZ. Interesting.
In Australia, a storm in a teacup ensued in parliament over the supposed drowning of an island, Anebok, in the Marshall Islands. Colorado sea level wizard doesn’t seem to support the drowning of Anebok in the last 12 years. It does show a low anomaly in 1997/98 and current. El Nino factor?
Congress has threatened to block funding for a lot of things lately, including Obamacare, Planned Parenthood, Obama’s illegal executive action on immigration, and the Syrian Refugee program. But they never follow though. All Democrats have to do is threaten to shut down the government and blame it on Republicans, and the GOP leadership will hoist a white flag and cower like a flock of sheep spotting a lone wolf on the horizon. After behaving like spineless jellyfish, they then brag to their constituents back home about how their ability to “get along with Democrats” and “get things done” proves they know how to govern. But they never explain how going deeper in debt to fund every progressive scheme demanded by Democrats is getting anything useful done. A lot of money gets spent, but there’s nothing to show for it.
I’m afraid the same pattern will emerge when Democrats demand additional funding for their less-than-useless climate change agenda. Congressional leadership will talk tough in the beginning, stall until the last day, then completely surrender in a last-minute agreement. The next day they will claim “it was the best they could do” under the circumstances. In an act of political magic that I will never understand, an agreement that gives Democrats everything they want and Republicans absolutely nothing somehow becomes a “compromise.” And to the GOP leadership, it’s a “sensible” compromise at that. To those who disagree, they will say, “This was not the time to stand and fight, but next time we will fight tooth and nail for our conservative principles.” But “next time,” like “tomorrow,” never seems to come. If the American public were paying any attention, their shtick would be getting really old by now.
Mind you, the developing nations neither emitted much CO2 nor invented the CO2 scare: that was all due to the developed countries plus Eastern China.
In a word, don´t blame them. If others want them not to deploy their own fossil fuels, let them pay for the additional costs. The poor have no money to experiment.
The trouble is that it is not the ‘others want them not to deploy their own fossil fuels’ that will picking up the bill , meanwhile there is no reason at all to think that throwing money at corrupt governments stops them from doing anything , just the opposite. And when you look at the relationship between ‘poor for the people countries and those with the worst corruption issues you will find a real link.
Why isn’t the new multi trillion dollar “Solar Alliance” that was rolled out at COP21 receiving any press? Hollande and India promoted it, and supposedly 120 countries agreed in principle to support it, including us, and of course, a solar mfg company in California.
The MSM blackout on this is strange. Info is out there, Google cop21 and solar alliance.
I heard the COP21 theme song was “Bitch Better Have My Money”….
There they go again demanding money for nothing. Look at the mediators of this payoff the UN Crime Family and their pro-CAGW pals………..
The demand from developing countries for support reflects the underlying ideological driver of the UNFCCC going back to the Rio convention in 1993 at which 154 nations signed on. Developing countries with little or no understanding of climate science were pushed to do the “right thing” for mother earth and mankind with the carrot of receiving massive financial aid to support their efforts. In some quarters this is call corruption.