U.N. Green Climate Fund chief resigns after disastrous meeting

The Green Climate Fund (GCF) meant to channel billions of dollars to poor nations said it had had a “very difficult and disappointing” meeting ending on Wednesday, in a new setback after US President Donald Trump pulled out US support last year.

Australian climate finance expert Howard Bamsey announced he was stepping down as executive director of the GCF at the end of the four-day meeting in Songdo, South Korea, the GCF said in a statement.

The GCF, whose South Korean headquarters opened in 2013 with backing from almost 200 nations, aims to help poor nations cut greenhouse gas emissions and adapt their economies to heatwaves, storms and rising seas.

But it has been bogged down by disputes between rich and poor nations about how and where to invest.

“This has been a very difficult and disappointing board meeting for all of us, but most importantly for those people who are most vulnerable to climate change impacts, and who depend on the activities of the Fund,” GCF chair Lennart Baage said in a statement.

The meeting had “challenging and difficult discussions between Board members”, the GCF said in a statement.

A GCF spokesman said Baage declined further comment.

The meeting failed to add to its portfolio of 76 projects worth $3.7 billion, which range from promoting rooftop solar energy in India to helping Colombia safeguard wetlands.

Full story


In another story, it’s said he resigned for “personal reasons”:

UN climate fund chief resigns for personal reasons while board meeting collapses

In a dramatic conclusion to a meeting that failed to approve any finance for the developing world, Howard Bamsey announced his exit from the Green Climate Fund

Howard Bamsey (Photo: Green Climate Fund)

By 

Howard Bamsey resigned as executive director of the Green Climate Fund (GCF) with immediate effect on Wednesday, in a bombshell finish to a fraught board meeting.

The Australian cited “pressing personal issues” in his resignation letter, adding that it was best he leave before the next round of fundraising started.

It came as the four-day meeting in Songdo, South Korea collapsed with no decisions on 11 funding bids worth nearly $1 billion, or on how to top up the flagship climate finance initiative’s dwindling resources.

“The gall of the Trump guy to say #GCFund replenishment process should be donor driven. Guess he’ll just sit down and shut up then,” tweeted Action Aid’s Brandon Wu. He noted that one of the founding principles of the fund was to give developing countries an equal say.

Brandon Wu@brandoncwu

Pls recall that one of ‘s selling points is balanced governance, w/recipient countries having more control cf. other funds. Contributor driven replenishment process undermines that, & there’s tons of evidence that top-down intl financing is often misguided & unsustainable.

Money is running low, with just $2.8 billion left to allocate. But Finland’s board member Satu Santala tweeted that was not the reason talks failed. “Governance of GCF needs urgent fixing,” she said.

 

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joel

Is there a word like schadenfreud but where you are dancing a jig?

[The mods are thinking of shadesofreudspolka, but they won’t tell anybody else. .mod]

ITYM the masochism tango…

Hot under the collar

But Finland’s board member Satu Santala tweeted that was not the reason talks failed. “Governance of GCF needs urgent fixing,” she said.

Yep, when they start using euphemism about ‘urgently fixing Governance’, you can be sure it’s another green scam; except the only thing green about it is the green bucks going into the fraudsters pockets.

ATheoK

“Hot under the collar, July 11, 2018 5:31 am
But Finland’s board member Satu Santala tweeted that was not the reason talks failed. “Governance of GCF needs urgent fixing,” she said.”

A statement that applies well to most EU constructions.

Dave Miller

Schadenfreudissimo?

Gene

Tanzaufdengräbern?

schadentango?

Johann Wundersamer

levan polka

Margaret Smith

“…just $2.8 billion left to allocate.”

Greedy people used to swimming in a sea of US dollars who think $2.8 billion is a small amount. Maybe it is when you have meetings all over the world – great fun!

R. Shearer

Can’t charter enough private jet trips with just that much on the line.

ЯΞ√ΩLUT↑☼N

Wouldn’t get half of Kevin Rudd’s 2009 Jokenhagen 114-strong entourage there with just 2.8Bn. His hairdresser would have to stay home too, probably.

Craig from Oz

Rudd’s 2009 adventure… Wasn’t that also the Chinese Year of the Rat?

Patrick MJD

No! It was the year of the precious pRat!

Komrade Kuma

It certainly was Craig, the year the Rat F$%&ed the Fat Cats. 🙂 Now THAT was schadenfreud. Didn’t those Fat Cats screech and howl… oh the memories…

NB Dear Moderator, as ALL Aussies will attest, our then Prime Minister Kevin Rudd infamously blamed coming home from Copenhagen NOT waving a piece of paper to announce ‘climate survival in our time’ by saying (in private) “we were ratf&#@ed by the Chinese”. I am not being a bit coarse just for the hell of it.

And good on the Chinese. They certainly play hard ball but they sure ain’t dumb.

Flight Level

Greenies should exclusively fly on electrically powered aviation and become part of the statistics, don’t miss the 10 o’clock news.

Robertvd

Greenies should be in the electric chair for mass murder.It is not even about good intentions that paved the road to hell because this road has been planned to go to hell,

Reziac

No point holding a dance when the chief sucker declines to be fleeced!

Robertvd

There are no good people at the U.N. top. Good/not corruptible people will never reach the top.
But we should be looking for the money supplier behind the curtain who keeps this fraud alive . (FED, IMF & Co)

johchi7

When you factor in the currency exchange rate of USD to other countries currencies. That is a lot of money to them.

Bill Rudersdorf

“When a President goes through the White House door,
An’ does what he says he’ll do,
We’ll all be drinkin’ that free bubble up
Eatin’ that rainbow stew.”
— Merle Haggard, 1981

texasjimbrock

where are they serving the goodies?

Latitude

“Contributor driven replenishment process undermines that,”………..translation

Give us your money..you have no say so if we give it to murderous dictators….or piss it away on windmills

Walter Sobchak

The only good news is that the money won’t actually leave the first world. It will wind up in Swiss bank accounts.

Contributor driven replenishment process undermines that, & there’s tons of evidence that top-down intl financing is often misguided & unsustainable.

There is even more evidence that recipient driven replenishment process results in government members stealing the money for personal gain.

Jeff,
May I suggest a slight, non-judgemental, rewording [as we all have to these days; no more calling a spade a spade [or a Bl00min’ 5hovel] – it’s a mano-pedal ground disturbance tool];
“There is even more evidence that recipient driven replenishment process results in government members re-purposing the money for community-based gain.”

Auto – lovin’ this non-judgemental lark.
I am repurposing litres of French red wine listening to the football [Soccer].
Just don’t tell my doctor . . . .. .. ..

J Mac

Excellent! You don’t need a finance expert if you don’t have any more Other People’s Money to spend!
Another ‘learning opportunity’……

Tom in Florida

But somehow they never take advantage of such opportunities.

J Mac

‘Slow learners’….

SocietalNorm

Give me money without responsibilities.
I see the fund is run by teenagers.

PiperPaul

That’s what so many current loud leftists seem like – recalcitrant teenagers.

Tom Halla

A fund being run by the recipients of the fund’s largesse? No problems with that I can see./sarc

snookey ookems

Sounds like the Dept. of Housing and Community Dev. in CA.

commieBob

… one of the founding principles of the fund was to give developing countries an equal say.

Well that’s only a little entitled.

How about, he that pays the piper calls the tune. That’s more realistic.

How about, the developing countries can do anything they want as long as they supply the money.

How about, if renewable energy made sense you wouldn’t have to bribe developing countries to use it.

Walter Sobchak

The golden rule: He who has the gold makes the rules.

Shorter version: money talks.

Carbon Bigfoot

Or as Michael “Ozzie” Myers said in the Abscam Scandal of the ’80s ” Money Talks and Bullshit Walks”.

Tom in Florida

“The Australian cited “pressing personal issues” in his resignation letter, adding that it was best he leave before the next round of fundraising started.”

Pressing personal issues meaning “I know I have failed and need to go before everyone else finds out”.

J Mac

Alternately : “I need to leave before someone audits the books…”

Schitzree

Jeff Mac – Very true. I’d be willing to bet that the REAL reason they couldn’t agree on what to do with the remaining Billions is because they are already gone. These people where fully expecting Hillary to win and keep the gravy train rolling in.

Even if they never actually reached the 100 Billion a year they were going for, it would have been a huge river of cash flowing through there hands. They clearly already set up a whole new bureaucracy with a Headquarters, climate parties meetings, and all the usual UN style waste.

As long as they money kept flowing, it would have been easy to hide just how inefficient they are. But Trump shut off the tap, and nobody else is going to make up the difference. Time for the rats to jump ship.

~¿~

Tim

Makes a nice change from “wanting to spend more time with the family”

Walter Sobchak

I was reading it as: “Get me out of here before I have to strangle these morons.”

Tom Abbott

From the article: ““This has been a very difficult and disappointing board meeting for all of us, but most importantly for those people who are most vulnerable to climate change impacts, and who depend on the activities of the Fund,” GCF chair Lennart Baage said in a statement.”

What climate change impacts would that be? It would be interesting to see a list of the projects they are trying to fund and the climate impacts these funding efforts would fix.

Red94ViperRT10

…with authenticated 3rd party Measurement and Verification (M&V).

Hivemind

It’s normally Verification & Validation (V&V), but validation is out of scope for climate change fraud people.

It’d be meaningless ( M&V). The peer review process for ‘climate change’ is a prime example.

Tom Abott, the green climate fund has a web page, there you can find the projects they have. I looked up the details for “La Mojana”, this project is described as follows:

“The region of La Mojana, located in an inland deltaic plain with wetland systems, is one of the poorest and most climate vulnerable in Colombia. The region is affected by intense flooding and prolonged dry seasons which fundamentally affect water availability and the livelihoods of its inhabitants. While floods are part of the dynamic of the wetland, models predict both floods and droughts to become more frequent and intense, surpassing the capacity of infrastructure and ecosystems to provide a buffer.”

In other words, the models predict floods and drought will become more intense, and this requires that rich nations put up money to do something about it. This means that if you vote Democrat this fall you will be on the road to paying more taxes and helping Colombia and other poor nations be more resilient to weather events caused by CO2, as predicted by the climate models.

Tom Abbott

“In other words, the models predict floods and drought will become more intense, and this requires that rich nations put up money to do something about it.”

Thanks for that, Fernando.

I’m wondering how Other People’s Money (OPM) is going to reduce the intensity of floods and droughts by spending that money in Columbia.

Are they going to spend the money before or after the intensity of floods and droughts increases?

What happens if they spend the money and the floods and droughts do *not* increase in intensity? Do the “Other People” get their money back?

I have lots of questions. 🙂

Robertvd

Don’t worry because nothing will be done. Some other corrupt people in the region will get the money and spent it on having an even better life.

RACookPE1978

Fernando L

In other words, the models predict floods and drought will become more intense, and this requires that rich nations put up money to do something about it. This means that if you vote Democrat this fall you will be on the road to paying more taxes and helping Colombia and other poor nations be more resilient to weather events caused by CO2, as predicted by the climate models.

In other words, the models predict floods and drought will become more intense, and this requires that rich nations put up money to do something about it. This means that if you vote Democrat this fall you will be on the road to paying much more taxes and paying Colombia crime lords and Colombian and European and American bureaucrats and rich people and academicsand other poor nations be more resilient to weather events caused by CO2, as desired predicted by the climate modelers and bureaucrats and politicians and academics.

Hans-Georg

They missed the goal of financing the 7th Road Cruiser for the President of Kenya. So he got up and threw the chairman out of his chair. Kenyan presidents are not to be underestimated when they get angry because the money stops flowing!

Bruce Cobb

“Climate change impacts” = weather.

That’s hilarious – not a single contributing nation was prepared to put money in. Clearer than ever than Obama and Clinton’s America was intended to be the piggy bank that everyone else planned to rob.

Mike the Morlock

Eric my country did the Marshall plan, the Berlin airlift, fought the cold war to allow people the right to decide who will govern them.
We have not always been successful, Hungary 1956.
Who are these people to question us….

michael

P.S. I Remember as a child the Cuban missile crisis. Others here can say the same.

Yep, remember all of the above. I remember an Hungarian kid who entered our class at St Vincent de Paul around mid term perhaps in 1958, second grade for me. His family made a harrowing escape over the wall.

Mike the Morlock

I had a uncle on my Mom’s side who managed to get out of Poland in the 1970s. He told us ” You never Know when there will be a knock on your door in the middle of the Night and that will be the last anyone will see or hear of you.”

It haunts me to this day.

michael

If the ‘climate change’ people get their way, we will have that here too. They have scenarios worked out for people denying their version of ‘climate change’ usually jail or crimes against humanity. Do you think they will stop there?

Robertvd

So we better listen to the people who know the signs of marxism.

Czech Leader Vaclav Klaus: Global Warming Alarmists Are Like Communists

chris_zzz

Didn’t Obama give the GSF a large amount of money on his way out the door? A couple billion, maybe? The U.S. is still probably the largest donor, even tho Trump has rightly stopped funding. What’s this say about which country (hint: the U.S.) was supposed to pay $100B/yr to fund dictators, uneconomic projects, and frivolous pipe dreams?

joelobryan

Obama illegally gave them 2 X installments of $500million ($1 Bln total) towards the US’s Paris Agreement target of $3 Billion. An impeachable offense if there ever was.

Alan Watt, Cliamate Denialist Level 7

I believe the first payment was legal. The potential illegality happened with the second payment. Not because Obama was heading out the door, but because the UNFCC (parent organization for the IPCC) upgraded the Palestinian Authority from “observer” to “member” status in March 2016 — before the second payment. That runs afoul of a law which requires the US to cut off funding from any UN agency which has the PA as a full member. See here.

To my knowledge, the Trump administration has taken no action to recover that second payment.

Red94ViperRT10

Google turned up the last-minute $500M, in addition to a previous $500M already pissed away. Which is odd since I can find NO record of anyone from the US giving publicly official support (i.e., no signature on a document or even a recorded vote) other than 0bummer, to the money transfer(s). Which, by definition, makes it a hijack. Well, it certainly doesn’t conform to GAAP standards for auditable paper trails. So why hasn’t that criminal even been indicted?

Martin Howard Keith Brumby

Maybe the Clinton Foundation is keeping some of it safe?

Tom Abbott

I think Obama and a lot of his cronies think they are above the law.

Witness Obama using the “Power of the State” to exonnerate Hillary Clinton and attempt to frame Donald Trump and destroy his candidacy for president, and undermine his presidency after he was elected.

It’s a modern day, slow motion attempt to thwart the Will of the American People and their vote. It’s sedition. It’s the undermining of the Nation’s government for partisan political/selfish purposes.

These types of actions lead to dictatorships.

Hillary would definitely be feeling her oats right about now had she been elected. No telling where we would be heading had that happened. Less freedom for sure. Which leads to all sorts of bad things for those who don’t have their heads right.

A thorough examination of the Obama administration is called for. Imo, the Obama administration is by far, the most corrupt, lawless, and therefore most dangerous administration in U.S. history. The deeper you dig, the worse it smells.

Obama had no problem using the power of the government to go after his political opponents. Hillary would have carried on this authoritarian tradition.

And then Nov. 8, 2016 happened.

BobM

Obama had no experience in anything except being a Chicago politician. The media allowed him to get away with thuggery.

Graemethecat

Obozo wasn’t even a politician. He was a “Community Organizer”.

Alcheson

Yes… And it wasn’t going to be voluntary. Obama put the funding mechanism in the TPP that was supposed to pass the Senate. Trump was the only one who said no to TPP. Every other candidate would have signed it as the Senate would have passed it had not Trump won.

jim heath

$2.8 Billion will give each individual on the planet a Parasol, Wooley Jumper, and a Raincoat. there! problem solved.

Curious George

That’s a dubious math. We should ask How long would that money last in Venezuela?

joelobryan

“a meeting that failed to approve any finance for the developing world,”

But you can be assured the remaining Billions will disappear into a black hole of green pockets.

Mumbles McGuirck

I am sure Howard Balmey collected his back pay before he headed out the door. Other executives managing the GCF no doubt get paid before one nickle is paid out to any 3rd world country.

Geoff Sherrington

There are some very interesting searches that can be found about Howard Bamsey. He is a career diplomat, an Australian, who seems never to have held a job in which a tangible product was produced. He sells words. This includes the words of others, sometimes accepted uncritically.
There is the usual bland C.V. here. https://www.greenclimate.fund/documents/20182/46526/CV_Howard_Bamsey.pdf/5eeb0946-2be3-4423-b04c-f8c72677ef7b
He is quoted in a World Vision submission to the Australian Government on Security aspects of climate change. The first full page of that report mentions the Mongolian Dzud, a harsh winter, taking a prominent place in the report as an example of the harm created by climate change.
https://www.environment.gov.au/system/files/resources/f29a8ccb-77ca-4be1-937d78985e53ac63/files/factsheet-australian-government-action.pdf
The Mongolian Dzud is described as so severe that “with extreme weather freezing animals dead in their tracks.” There is in more detail here –
https://www.reuters.com/article/us-mongolia-agriculture/mongolian-winter-dzud-kills-700000-head-of-livestock-idUSKCN1GQ12L

For those who saw the alarmist transition from “Global Warming” to “Climate Change”, there is some amusement that climate change now encompasses extreme cold, especially cold that happens year after year, often enough to get a nickname, and possibly no more than usual weather, not climate.
Such logical impediments are easy to overcome if you are committed to being an alarmist. Is Howard Bamsey a committed climate change believer? He was co-author of a think tank report from the Lowy Institute. That report notes that –
“The international community has agreed that global warming should be limited to less than 2 degrees Celsius above pre‑industrial levels.[27] Science tells us, roughly, how much additional greenhouse gas can be emitted if that target is to be met.[28] This means the world has a ‘carbon budget’ that cannot be exceeded without lengthening (or extinguishing) the odds of staying below 2 degrees.”
Nowhere in this report does Bamsey contemplate that the Science might be wrong, might need questioning. The report proceeds as if the was no Scientific objection to climate change as he knows it.
Likewise, the World Vision report considers these downsides (but no upsides) from Climate Change.
“The latest Intergovernmental Panel on Climate Change (IPCC) report mirrors the experience of World Vision staff in Mongolia and globally, and paints a stark picture of the future of climate-change impacts on livelihoods and poverty reduction: impacts of climate change are projected to slow economic growth, erode food security, and exacerbation of poverty in most developing countries.1 Climate Change is projected to reduce the renewable surface water and groundwater resources in most dry subtropical regions, thereby intensifying competition for water among sectors. Insufficient access to drinking and irrigation water poses a significant risk to rural livelihoods and income and negatively impacts agricultural productivity.2 Growing water insecurity also impacts food insecurity. All aspects of food security are potentially affected by climate change, and a significant global temperature increase, combined with increasing food demand, would pose a large risk to global and regional food security.3 Reductions in crop yields; migratory changes of fish stocks, a primary source of protein; disruption of rivers, sea level rises and natural disasters and their associated impact on agricultural land, are all linked to the impact of climate change on food production in the Asia Pacific.4 Climate change is expected to detrimentally impact on food and water insecurity. This will significantly undermine global poverty reduction.”
Draw your own conclusions about whether you are happy to have Howard Bamsey representing Australians internationally. I am not. Geoff.

Walter Sobchak

‘Science tells us, roughly, how much”

Science says nothing. Scientists are the ones who say things. Science is a process that begins with the premise that what scientists say is wrong.

Santa

It’s their newspeek for their policy based propaganda?

Roger Knights

If the Green Climate Fund wants donations, how about restricting its projects to those that promote adaptation / resilience / no-regrets, and dropping those trying to mitigate CO2 emissions? Donor nations, or at least the U.S., would look more kindly on those. Conceivably, with GCF oversight, they’d be less vulnerable to being ripped off by foreign kleptocrats.

The GCF should also ditch its insidious social justice mongering, for example its website is lousy with gender issues.

Warren

He has form . . .

“According to a November letter from GGGI head Howard Bamsey to Friis Bach obtained by Information newspaper, the organisation is running out of funds and could be over 20 million kroner in debt in the first quarter of 2014”.

Howard Bamsey’s Scandal-ridden GGGI in ‘unhealthy relationship’ with McKinsey:
“But GGGI’s current Director-General, the Australian Howard Bamsey, has told Information that the the issue of a possible conflict of interest never was raised during the hiring committee’s discussions – neither in relation to Mattia Romani or other possible candidates for the post of Deputy Director-General.
Mr Bamsey who sat in the appointment committee together with Mr Rasmussen had according to his own admission no knowledge of about the circumstances described in the documents obtained by Information and therefore doesn’t wish to comment on whether they will prompt any new steps”.
https://www.information.dk/udland/2013/11/scandal-ridden-gggi-in-unhealthy-relationship-with-mckinsey

Warren

I believe we’d all like to thank Donald Trump and his team (including former Stephen Bannon & current Kellyanne Conway) for this welcome news.
Popcorn is popular today and a shortage is predicted for the 2018/2019 FY; especially down-under!
Another left-wing ex ANU academic bites the dust (at least for now) and the UN gets another nail.

Hivemind

“Another left-wing ex ANU academic bites the dust…”

I’m embarrassed to be associated with the ANU. Even if it’s just living in the same city.

Patrick MJD

Whats a few billion when the White House “loses” tens of TRILLIONS of dollars that are simply unaccounted for EVERY year?! This is just chump change.

Warren

Bull–shite Patrick!
Total US Federal Government spending currently 4 trillion (PA).
US trade is less than 5 trillion and the big number GDP is 20 trillion.

Patrick MJD

Ok, maybe 8.1 trillion, better?

Warren

No.
Let’s have the list

Bill Toland

Patrick, I think that you have confused billions with trillions. By any chance, do you work for the government?

Warren

GCF sucker (pledge) tracker at May 2018:
https://www.greenclimate.fund/documents/20182/24868/Status_of_Pledges.pdf/eef538d3-2987-4659-8c7c-5566ed6afd19
Note absence of two largest emitters (China and India).

Amber

Hope they don’t spend the $1 billion stolen from USA tax payers in the Obama era . They want it back .

Donald Kasper

Not enough money in it for him to remain interested, apparently. The recipients want to set the rules and donation amounts. Sounds like an insane asylum, funded only by the US.

ThomasJK

There’s nothing new or unique about these kinds of insanity being “funded only by the US.” The U. S. Federal Government (aka, The Swamp) will fund any kind of insanity that they perceive will serve to elevate their status in the eyes of the globalists, especially those at the United Nations. Further, the U. S. Federal Reserve (and their magic hole in the air from which they conjure magic money) is the chief enabler of the kind of rampant insanity that prevails in the halls of power in the strange little foreign country that’s called The District of Columbia.

And, by the way, please don’t anyone overlook the role that career traitor John Kerry played in creating this mess during his tenure as Secretary of State.

Tom Abbott

“career traitor”

That’s a good description.

Wiliam Haas

The USA does not have money to waste on stuff like this. the USA has a huge federal debt, huge annual federal deficits, huge debts related to our huge annual trade deficits. The USA needs to work on getting its own economic act in order before we might be in a position to again throw money away like this. The USA first needs to pay off its debts and start generating trade surpluses again. Instead of asking the USA for funds they should ask China for the money or some of the big oil exporting nations.

ThomasJK

William, paying for “stuff like this” has been a major factor in putting the US into the fiscal mess from which it will never recover.

Enginer

I do not know how much the current drop in USA CO2 emissions has cost (or saved) us.. https://www.carbonbrief.org/analysis-why-us-carbon-emissions-have-fallen-14-since-2005 …but I am sure is is more than developing countries expected to get in payola. We have done our part!

Phillip Bratby

What’s a “climate finance expert”? It sounds like a person with his mouth deep in the trough.

Coeur de Lion

They still have that salary structure. And say they are short handed. Me me me!

Graemethecat

Could this be the first sign that the Green bandwagon is finally, at long last, running out of road? I certainly hope so.

Bitter&twisted

Good riddance to bad rubbish.
It’s a start.
Now let’s get rid of these other parasitic UN “funding bodies”.
And their organisers.

Phil Rae

Seriously, these career Politicians & diplomats are little more than parasites, living the high life, being feted and pampered everywhere they go, living like royalty……all on somebody else’s buck! They contribute nothing to society yet enjoy an unbelievably privileged lifestyle jet-setting here& there, staying in 5-star hotels while lining their own nests and setting up cosy arrangememts with think-tanks and NGOs that will allow them to milk the system in perpetuity. It’s a scandal.

dennisambler

“Finland’s board member Satu Santa la”

They should know now, Santa isn’t coming.

Eyal Porat

Surprise surprise!
Apparently even at managing level Socialism doesn’t work.
BTW, I will gladly have some of these unattended funds.

Kira

The other day I read a post about what happens with foreign aid money: https://tthomas061.wordpress.com/2018/06/26/heart-of-darkness/

I can’t see how the GCF would be any different. I have heard it described as transfer of wealth from the poor in developed nations to the rich in developing ones. Some are/were calling for an increase to $400 billion a year for the fund. With that much in play, the corruption would be epic.

Tom Abbott

Yes, $100 billion per year was just a start

Rat. leave. ship. sinking.

Steve Richards

I wonder if detailed accounts are available to show where the money went?

Bruce Cobb

China, the new “climate leader” should step up. I mean, what’s the point of being a “leader” if you’re not going to point the way?

ResourceGuy

They need to use the remaining funds to help buy election results in the U.S. before the fund is exhausted. /sarc

It’s a crowded field of influence peddling but with the SEIU impaired there is a void to fill.

ResourceGuy

The Aussies, Brits, and French need to double down on pledges to reinforce their commitment and get farther ahead of Trump. /more sarc

Bruce Cobb

The highway robbers want a “say” in how much money they rob from us, and how to spend it?
Hmmm… We’ll chew on that one for a while, and get back to you.

Gamecock

“a meeting that failed to approve any finance for the developing world”

How much time do they get to develop? I’ve been hearing this “developing world” song for 50 years. To where any time I hear it, my ears perk up to hear the balderdash sure to follow.

In the 1950’s, tv commercials were about the Peace Corp, handing out farm tools, digging wells, planting seeds. Think it made any difference? Aid has been going to, as the church people say when they need money for their beg-a-thons, AF Rica, far longer.

ResourceGuy

So rich countries can’t do this work directly with grants, they need to go through UN third party administration to get the work done?

Democrats and socialists love to be channellers of OPM, don’t they? They know they will all get to live high off the river-banks of the money flow. A certain Linton-cay Oundation-fay comes to mind…

Reasonable Skeptic

It is easy to spend other peoples money. It only gets rough when the other people don’t let you have it.

K. Kilty

“…help poor nations cut greenhouse gas emissions and adapt their economies to heatwaves, storms and rising seas….”

No inducement is required to fix real problems. Once real problems become apparent a fix is usually forthcoming pronto. I thought one of the definitions of poor nations was that they had no industrial emissions to speak of cutting, thus the cutting targets non-point sources–notoriously difficult to fix.

knr

Your be amazed to find out just how much you can spend a couple of biros and a office char can ‘cost’ , and of course to get the ‘bast people ‘ you need to pay them .
There at least 1001 ways money can and is scammed off the top and bottom in this types of setting , although to be fair all those ‘reports’ cost quite a bit even if they are largely works of fiction .

And I am sure Bamsey did not walk away empty handed , billions of dollars and little real accountability other than scoring the correct political points in the right goals . What can go wrong !

Trevor

Oh ! But it’s lovely watching ALL THESE DEDICATED, PHILANTHROPIC ORGANISATIONS
suddenly finding that the OBAMA-DOLLARS are no longer available for them to distribute !!
.
UN Green Climate Fund………..HAS SUCCEEDED ……….the PLANET is “GREENING”
due to the EXTRA ATMOSPHERIC LEVEL OF CO2 !
So now …..it can be shut-down ! Mission accomplished !
UN Green Climate Fund shut down soon !
followed by the entire UN “blood-suckers” Organisation !
Then Amnesty International ! The Human Rights Commissars…….oops….Commission !
It’s ALWAYS NICE to share some GOOD NEWS !

wws

Howard Bamsey resigned for “Personal Reasons”, namely, that Personally he thinks that This Job Sucks and all of the money is running out fast and everyone is going to dump hatred on the poor chump who ends up being in charge when the whole thing collapses into complete acrimony. Which will likely be soon.

Give Trump credit for seeing through the Paris scam more clearly than any other public figure did. It was never about emissions, it was never about CO2, it was never about “global warming”. It was always all about guilting Uncle Sugar into handing out hundreds of billions of dollars with no say in how they were spent. Now that the US has pulled out, there is no point at all left to the entire enterprise, and surprise, surprise, it is all falling apart.

snooky ookems

Isn’t all this global climate funding just a rebranding of imperialism and colonialism ?? What right do wealthy countries have to dictate to poorer countries what their energy infrastructure should be?

Johann Wundersamer
Amber

The USA debt balance has essentially become meaningless . If it was recognized for the devastating problem it is would the USA be wasting $ billions in a pretend attempt to set the earth’s thermostat by tweaking a trace gas who’s abundance greens the earth ? I think not .
When you have a Prime Ministers like Canadian Trudeau who claims budgets balance themselves , then promises a $10 billion annual deficit that turns into $28.5 billion in less than two years you know
he struggles with grade 3 math .
The Green Climate Fund relied on the debt spewing USA to prop it up . Without the USA wanting to throw their money away the fund won’t make a dent on anything let alone the earths temperature .