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Guest essay by Eric Worrall
China is demanding that the USA and other developed countries give China large sums of cash, because the USA owes China and other developing countries for historical US greenhouse gas contributions.
China is also demanding lenient “developing country” accounting oversight over how those climate cash transfers from the USA to China are spent.
China demands developed countries ‘pay their debts’ on climate change
Key sticking point at UN negotiations is how countries should account for their greenhouse gas emissions
China called on rich countries to “pay their debts” on climate change at global talks on Thursday, criticising developed countries for not doing enough to reduce greenhouse gas emissions and provide finance to help poor countries do the same.
The trenchant intervention by Xie Zhenhua, the minister who leads the Chinese delegation and a veteran of the UN climate negotiations, came as China faced increasing pressure to shift its stance on some of the key rules required to implement the 2015 Paris agreement.
He told a small group of journalists: “Developing countries are not comfortable or happy. [We need to] see if developed countries have honoured their commitments. Still some countries have not started their mitigation efforts, or provided financial support [to poor nations]. We strongly urge them to pay up on their debts.”
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Developed countries prefer strict standards but developing countries have historically been allowed some leeway, in recognition that their governance structures and capabilities may lag behind.
But the EU and other developed countries are concerned that large rapidly developing economies such as China are not agreeing to adequate transparency in accounting for their emissions.
Xie said the talks were “deadlocked”, but maintained that China should continue to be treated as a developing country, and that developing countries should have flexibility over transparency rules.
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The situation is even more ridiculous when you consider that the US Federal Government is in severe deficit, they borrow billions of dollars every year. Much of that borrowed cash comes from China.
So the Chinese negotiator Xie Zhenhua’s position amounts to a demand that the USA borrow money from China, gift the principle back to China, then repay the loan that they just gifted to China.
My question – would President Obama have agreed the Chinese demand?
May I point out to you that China is the world’s biggest economy in terms of Purchasing power parity and 2nd biggest when looking at actual GDP. China also emits almost 30% of the total world emissions of CO2. China also has 45% of the world’s skyscrapers.
HOW CAN ANYONE WITH A STRAIGHT FACE SAY THAT CHINA IS A DEVELOPING COUNTRY?
The world has lost all sense of logic.
When you think about it every country is either a developing country, or a declining country. None are static, although that might be the ideal for the Green blob members.
MJE
China is now healthier, wealthier and more energy intense than any stage in its history. Much of their development was build on the back of science and technology pioneered in the West. The chinese should be grateful; not resentful.
Beside they hold a lot of US debt, in other words, they have all our money already.
You know what they say: Wish in one hand and C— in the other and see which one fills up first.
Businesses now even want action on climate change! This post is just a side show to distract from the great progress been made at COP24: http://mankindsdegradationofplanetearth.com/2018/12/15/businesses-want-action-on-climate-change-the-high-carbon-system-is-no-longer-sustainable/
Even though nobody can quantitatively define what they mean by the phrase “climate change”???
We have already had this conversation, when you repeat lies told by others it makes you a what,,,? Hello? McFly?!?!? Anyone home????
What lies? About COP24 being a great success. It has been! You are becoming increasingly irrelevant, aren’t you?
You simply refuse to keep up with current events, don’t you? And your claim that a piece of paper is responsible for America using more natural gas and lowering Co2 emissions is highly comical. Keep the laughs coming and please, please keep repeating the lies of China’s government, you are the funniest part of the morning!
You amaze me. You are an individual who simply cannot think for himself, instead relying on the words of Donald J. Trump and swallowing them hook, line and sinker.
Why don’t you actually analyze the situation on China before simply repeating his comments:
U.S. companies in China are suffering in trade war, survey says
BEIJING — The largest U.S. business groups in China issued a plea to President Trump on Thursday: Please stop with the tariffs.
A survey from AmCham China and AmCham Shanghai found that nearly two-thirds of more than 430 U.S. firms in China say the duties Trump placed on billions of dollars of Chinese imports this summer have hurt their businesses.
Nearly half of respondents — who work in retail, food and manufacturing — say production costs have climbed, and 42 percent said they have noticed a decreased demand for their goods.
Just 6 percent, meanwhile, said they would consider moving factories to U.S. soil.
AmCham chairman William Zarit said U.S. business leaders in China want Trump to rethink the levies he has proposed on an additional $200 billion in Chinese imports, including many consumer goods. The new border taxes are expected to take effect this fall…
https://www.washingtonpost.com/world/us-companies-in-china-are-suffering-in-trade-war-survey-says/2018/09/13/ee83c75e-b70c-11e8-b79f-f6e31e555258_story.html?noredirect=on&utm_term=.6908a66c9ccc
So you have been waiting in trembling anticipation, cut&paste in hand, for any response at all from me. How hi-lariously comical. You do understand this “trade war” with China has been going on since the 1950s, right? Hello!? Anyone home??? You clearly do not understand that China has choked import of all vehicles into their country to a very tiny percentage of the numbers of vehicles sold in China, right? You must have the mental capacity to see reality, you can run a keyboard and repeat whatever leftarded talking points are poured into your vacant head each day. You don’t drown on your on spit so you have some level of self awareness.
indeed 2hotel9. China has a 15% tariff on all car imports but had a 25% tariff on cars imported from the US (and idiots like Ivanski wonder why Trump didn’t think the US was being treated fairly by China). The trade war racheted that up to 40%, China has agree to knock that back down to 15% for the 90-day “trade-truce” while the US and China work on a trade deal to end the trade war.
I have been printing out a lot of the trade issues for people who don’t “do” the internet. It is enough to make your eyes bleed! A lot of vehicles shipped to China actually get trans-shipped to other locations, all due to some extremely arcane and byzantine language in existing trade agreements going back to the late ’60s. And some of the issues involving Hong Kong and shipping to Mainland and reshipping to Macau and Malaysia then to Philippines and back to US or South America is convoluted as h3ll. Then throw in still existing trade agreements from pre-communisim that Chiang Kai-shek dragged along into exile in Taiwan and US, England, France and Netherlands continued to honor, well, it is enough to give your hemorrhoids piles. No wonder people don’t understand what is going on.
Considering deficits, debts, and the trade imbalance, the USA is not the poorer country and China is the richer country so it is China that should be giving money to the USA. China is now the largest CO2 em miter and not the USA. But the reality is that there is no real evidence that CO2 has any effect on climate and plenty of scientific rationale to support the idea that the climate sensitivity of CO2 is zero. The real party responsible for climate change is Mother Nature so is China has been harmed by climate change they should be seeking to get reparations from Mother Nature. Lots of luck on collecting on a judgement against Mother Nature.
So, to summarize, DJT has given them a major shafting in the Tariff Wars so they are going to try and recoup their loses through this little scam. Nice try. Ain’t gonna happen, and we are going to ship cars into China at lower tariff. The winning, it just keeps coming.
Amerixa builds and sells cars in China you dunce.
And now they will cost 40% less due to Xi folding like the cheap suit he is. And yes, American manufactured cars ARE going to be shipped to China, something China has blocked for many years allowing only vehicles built in China to be sold in China. Ya know? That whole “trade war” thing you pretend does not exist? Pull you head out of the sand before you suffocate, stupid.
It’s currently a temporary reduction in the tariff that only drops it down to 15% from the 40% that the tariff wars increased it to (it was 25% before the Tariff wars started)
https://www.thecarconnection.com/news/1120495_china-to-temporarily-cut-on-tariffs-for-us-made-cars
but it’s a good sign that China is willing to try and come to an agreement with the US.
Ivan: Amerixa (sic) builds and sells cars in China you dunce.
There are 144 different vehicle models that are built in the U.S. and shipped to China. American automakers exported roughly 250,000 cars to China per annum.
So the Chinese negotiator Xie Zhenhua’s position
followed a directive that Obama’s EPA wanted to impose on all gullible fellow travelers.