Guest essay by Eric Worrall
The UNFCCC Bonn Climate Conference, due to end in a few days, has accepted a report which demands an additional $300 billion per year on top of the $100 billion already promised by the world’s governments. The cash is to be disbursed via existing green groups, because it is “so tedious” to set up a new UN bureaucracy to spend your money.
Innovative finance needed to find $300 billion a year for climate losses
By Laurie Goering
LONDON (Thomson Reuters Foundation) – With money for action on climate change already in short supply, an estimated $300 billion a year needed to help countries deal with unavoidable climate losses will have to come from innovative new sources, such as a financial transaction tax or carbon tax, researchers say.
Funding for such climate “loss and damage” aims to assist people who lose their land to sea level rise, for instance, or are forced to migrate as drought makes growing crops impossible in some regions.
“What stands out most clearly is that there isn’t currently enough funding to even begin thinking about financing loss and damage, with available climate, development, risk reduction and disaster recovery financing all falling short by an order of magnitude,” said researchers at the Berlin-based Heinrich Böll Foundation.
In a report released at the U.N. climate negotiations in Bonn, now heading into their second week, researchers said about $50 billion a year would be needed by 2020 to help people who lose their land and culture or are forced to migrate as a result of climate-related problems.
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No new body should be created to handle and disperse the funds, however, they said, with money instead put through existing organizations such as the Green Climate Fund or the Global Environment Facility.
Harjeet Singh, who heads climate change policy for charity ActionAid, also said that setting up a new loss and damage funding body made no sense.
“It’s so tedious to set up an institution and get it going, and make sure the money reaches the intended people. It does make sense to use the existing mechanisms to transfer the money,” he told the Thomson Reuters Foundation in a telephone interview from Bonn.
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Read more: http://www.reuters.com/article/us-climatechange-finance-idUSKCN18B21Z
The executive summary and the full report is available here.
I’m lost for words. The staggering sense of entitlement, of people who seem to think that we’ll be OK with shovelling an extra $300 billion into their bank accounts, because they can’t be stuffed to do a bit of extra paperwork to set up a new trough.
The sooner these arrogant parasites are cut off from our money, the better.
Sounds like taxing poor people in rich countries to line the pockets of rich people in poor countries (like much foreign aid).
In my area (I live in Denver, CO) a lot of people start using solar pannels. Solar panels can help to produce renewable energy and hence to limit the warming of the climate. I don’t think that climate change is a myth. At my house I also decided to install new heating system from denver heating and air service http://www.summitheatingco.com/ in CO. I think people should do all possible to mitigate global warming by lowering the emission of greenhouse gases.
Based upon what scientific evidence that Human emissions of such gases is causing, has caused, & will cause the Earths atmosphere to warm, especially considering that there has been no significant globul warming for nearly 20 years, & even the UK’s Wet Office has stated on record that the Earth is heading for a cooling period for about 35 years due to reduced Solar activity, implying that the Sun can actually do what they’ve told us can’t do for the last 20 years? CYA anyone? PS, don’t rely upon UNIPCC evidence, it isn’t a scientific body, it’s a political body, the clue is in the title!
I don’t think the Met Office said that Alan:
http://www.metoffice.gov.uk/news/releases/2015/solar-activity
“Scientists show a decline in solar activity could not halt global warming
Jun 23, 2015 2:36 PM
Return of ‘grand solar minimum’ could affect European and eastern US winters – but wouldn’t halt global warming
A return to low solar activity not seen for centuries could increase the chances of cold winters in Europe and eastern parts of the United States but wouldn’t halt global warming, according to new research.”
Yes Griff and the MO are notoriously reliable in all of their predictions huh?
Alanz,
Please take the time to go to the nearest international airport and sit there all day for several days. Once you begin to realize the amount of traffic and energy used just by that one airport, then think about the hundreds of airports around the world, you may begin to realize your folly in thinking that your solar panels will have any effect on climate. Life is short, stop worrying about things you cannot change and enjoy it while you can.
Do whatever you want with your own money. If you save some cash and it helps you feel all warm and fuzzy inside about “saving the planet”, good for you.
The heat generated by the sun hitting those solar panels will cause more warming than the electricity produced by them will eliminate.
I personally couldn’t care less what you think. What I care about are the facts, and the fact is that CO2 is a very minor greenhouse gas that is pretty much played out already.
The quoted article is by Goering. How appropriatee.
Writing from one of his/her namesakes’ friends:
“Never allow the public to cool off; never admit a fault or wrong; never concede that there may be some good in your enemy; never leave room for alternatives; never accept blame; concentrate on one enemy at a time and blame him for everything that goes wrong; people will believe a big lie sooner than a little one; and if you repeat it frequently enough people will sooner or later believe it.“
““It’s so tedious to set up an institution and get it going, and make sure the money reaches the intended people. It does make sense to use the existing mechanisms to transfer the money,” ”
The Iraqi “Oil for food program’ unavailable for comment.
The fossil fuel industry should put a surcharge on their products for the increased crop and forest yields produced by their products as well as the milder weather.
“The cash is to be disbursed via existing green groups,”.
But the real question is to whom will they distribute the cash? Most of us probably know, it ain’t gonna go where it’s supposed to go.
There is a deliberate tactic that the CAGW folks use repeatedly and on which they are rarely challenged by a non-critical, non-thinking media. They ask for the stars. Thus do they demand emission reduction targets of 30, 50 , 80 or 100 percent from ever shifting baselines. Thus do they demand billions and trillions of dollars in funds for mitigation and adaptation, all to be paid allegedly by the OECD governments or the businesses in those countries to the cabal of dictators in the developing countries. Just a year ago, the G20 Finance Ministers agreed that $90 trillion would have to be “mobilized” to decarbonize the global economy by 2030 (I.e. $6 trillion per year), with no estimate of what would have to be paid after that. The Government of India has formally stated that the $100 billion per year that is allegedly promised to the Green Climate Fund will not be enough, as India alone wants over $1 trillion. No one seriously thinks that the OECD countries, whose taxpayers are already over-burdened paying for the excesses of spendthrift governments, will pony up this much cash. The environmentalists don’t even believe it. They just think that, if you ask for the stars, someone may be foolish enough to give you the moon.
How is the UN’s record on humanitarian relief? Rwanda? Somalia? How about murderous dictators? Pol Pot comes to mind. Famine in North Korea?
The UN is corrupt. A good intention which paves the road to hell.
UNEXIT – the sooner the better.
From the article: “Funding for such climate “loss and damage” aims to assist people who lose their land to sea level rise, for instance, or are forced to migrate as drought makes growing crops impossible in some regions.”
When that happens, you come see us and we’ll talk. Until then, don’t bother us your delusions.
They could just deduct it from Angela Merkel’s salary and Superannuation.
I have yet to see, heard or read of any “loss and damage” that can be conclusively tied to climate change, zero, nada, zip, not one. Maybe I missed it. Does anyone have a clear example?
“Does anyone have a clear example?”
I’m going to go out on a limb here, and say *noone* has a clear example of human-caused climate change being real, or that damage from human-caused climate change has occurred.
We could use $500 million to help build refugee camps for Venezuelans fleeing the Maduro dictatorship. It’s a real need for real people running away from Castromadurism.
Legalized theft and extortion.
There’s 300 billion more reasons for President Trump to dump the Paris Agreement and the UNFCCC.
Just the idea that these people consider or even have such thoughts is reason to dump the Paris Agreement and the UNFCCC. The UN in general has passed its expiration date. It is a cesspool.
This makes a great bullet point for dumping the Paris Agreement now!
“……Funding for such climate “loss and damage” aims to assist people who lose their land to sea level rise, for instance, or are forced to migrate as drought makes growing crops impossible in some regions……”
If the subtle implication in the statement above is that droughts are getting worse because of climate change, well the graph below says in fact that they are not.
http://c3headlines.typepad.com/.a/6a010536b58035970c01a3fd0f956f970b-pi
And, from my one reading of the issue, it appears that what appears to be sea level rise in some areas is actually in part land subsidence for a number of reasons. Removing water from an aquifer faster that Nature can replenish it is one of them.
Things don’t have to get worse. There are droughts at various places on earth every year/decade. They have an army of politicians and academics ready to declare that these naturally occurring events are happening more rapidly than expected. Their statements don’t have to be true. Just last week Obama was in Europe flat-out lying about world agriculture. He can’t possibly be wrong – he was the POTUS! The next IPCC report will certainly double down on all the climate change “events”.
The Syrian migration already has been assigned to drought, and the fund will go Turkey for assisting the mass migration. It is a never-ending circular game that is well-established and designed to continue. Maurice Strong laid it all out decades ago, and PM Trudeau is a big fan of Strong. Canada has already given $2.5B. Not only the adaptation payments, but also the West is expected to absorb millions of “climate refugees”, house, educate and feed them. Billions more spent. France just jumped off the cliff. Australia is doing its best to ruin its economy. Canada is on side. Only Britain and America have a chance of plugging the bucket owing to the size of their economies. Putin and China are laughing.
China, especially, since the ‘Finance’ mentioned would only apply to ‘Developing’ countries.
List of attendees – 300 pages, includes 7 from the US government – why are we spending money to send these people? why are these people not re-assigned to the Fargo office of paper shuffling? http://unfccc.int/resource/docs/2017/sb/eng/PLOP.pdf
anyone who still has investments in European companies needs to get their money out of these markets pronto
We cannot spend money which we do not have.
The socialistic idiots have gotten elected by promising to spend more and more money which we do not have on schemes that do not work.
http://www.justfacts.com/images/nationaldebt/debt_gdp-full.png
If we absolute must send an ever increasing portion of our hard earned GDP money to black hole organizations to spend on green scams that do not work, we must spend less money on health care, education, and infrastructure.
i.e. zero-sum gain and lose-lose
http://www.tradingeconomics.com/japan/government-debt-to-gdp
The US and almost all of the other developed countries have been running an ever-increasing deficit year by year by year.
Japan and Greece are the deficit winners.
Accumulated Debt in Percentage of GDP (70% was once considered the limit of what a country could manage)
Japan, 250.40
Italy, 132.60
United States, 104.17
Spain, 99.40
France, 96.00
Canada, 91.50
United Kingdom, 89.30
Euro Area, 89.20
India, 69.50
Brazil, 69.49
Germany, 68.30
Netherlands, 62.30
Mexico, 43.20
China, 42.90
Australia, 41.10
South Korea, 37.80
Switzerland, 34.40
Turkey, 28.30
Indonesia, 27.90
Russia, 17.70
These guys could help with that.
http://www.telegraph.co.uk/news/2017/05/16/priest-among-68-arrests-italy-cracks-open-mafia-ring-running/
If they want more money they should get a metal detector and go to the beach.
This funding needs to stop.
We are giving money to people who marvel at the effectiveness of Hugo Chavez’ regime and who hate capitalism on every level.
Their foray into environmentalism is nothing more than another attempt to destroy freedom and enslave the peasants in the name of equality.
Tell me Al Gore and Hillary Clinton aren’t well aware of this.
Yeah, Spicolli and Michael Moore are probably too stupid to have a clue, but any Democrat or Socialist with an official government position is well aware and on-board with the program. Perhaps pogrom would be a better word.
Frighten the people into surrendering every last morsel of freedom; be it commercial, be it privacy, healthcare, a right to be secure in their own home, whatever. Convince them to give those rights over to a “beneficent” government through fear and, if need be, intimidation.
If 300 billion would cover it, so be it. But its not. Asking for 300 billion is just their way of getting us to open the tap a little further. Unfortunately, this tap is (figuratively) part of the rube goldberg machine that is designed to bring about the socialist utopia that people like Hillary, Castro and Chavez dream about.
Stop the funding.
While we’re at it; kick the useless, corrupt and anti-west/anti-American U.N. out. Make them find somewhere else to spread their filthy leftist dogma and harbor their corrupt socialist leaders.
Meanwhile the crematoria at the Syrian prison camp stays hot. Shame on the UN.
Culture? I have a culture of generally trying to be sensible and truthful. That culture already appears to be extinct at the UNFCC, and seems threatened in many other places. Who do I apply to for compensation?
My girl friend kicked me out. She was irritable because of the changing climate. Where do I apply for my relocation funds?