Essay by Eric Worrall
h/t Dr. Willie Soon; No wonder he didn’t want to attend – the first thing Prime Minister Flip-Flop could face when he arrives in Sharm El-Sheikh will be a demand for overdue payment.
UK criticised for failing to pay $300m in promised climate funds ahead of Cop27
Missed deadline for money pledged to assist developing countries sends ‘strong negative signal’ ahead of Egypt summit, say experts
Karen McVeigh @karenmcveigh1 Tue 1 Nov 2022 22.31 AEDT
The British government has come under fire for sending a “strong negative signal” ahead of the Cop27 climate summit in Egypt, by failing to make $300m (£260m) of promised climate finance payments.
The UK has already caused upset among developing countries hit hardest by the climate crisis, after a statement from Downing Street that Rishi Sunak, the prime minister, would not attend Cop27 due to his focus on domestic issues.
Britain is the current holder of the Cop presidency and will hand over to Egypt in November.
The UK missed its September deadline to provide $288m to the Green Climate Fund (GCF) dedicated to helping developing countries adapt and mitigate climate effects, Politico reported.
…Read more: https://www.theguardian.com/global-development/2022/nov/01/uk-criticised-for-failing-to-pay-300m-in-promised-climate-funds-ahead-of-cop27
I guess we shouldn’t judge, I remember times like that in my student days – you know, someone accidentally spends their monthly rent money at the pub, so the £260 million rent bill kind of gets ignored until the next month…
Always a great Josh Comic. I wonder if each subsequent use should slowly alter the participants into little dictators…Adolf, Fidel, Idi, Saddam, Young-un
The WaBenzi need new cars.
What, those “other people” didn’t hand over their money for the climate crazies to spend?
Here’s a real crisis for the globalists –
they might have run out of other peoples’ money.
Have any of the developers countries made their payment?
Whether other countries have made payments is irrelevant. All the checks should bounce. No one that is broke should be donating to charity, that applies to countries too.
The golden goose is on life support…
The climate agenda is in no way about life support. !
As far as I know, western governments are in huge debt. If they were companies, they would be filing for bankruptcy. The debt for the U.S. is over $31 Trillion.
Not sending money they don’t have, to solve a non-problem only makes sense. Since it makes sense, they will probably go against their citizens’ interests and pay it anyway.
We are being led by clowns that are determined to wreck the western world economies and plunge the world into a communist oligarchy run by elitists.
The US (and the rest of the world) are paying off the debt with inflation. Inflation won’t go back down until we start posting that the US debt is ONLY $31 trillion.
Apples and oranges.
Inflation is due to expanding the money supply without expanded goods in demand to buy.
Debt is due to spending beyond one’s means.
Inflation will make the debt worth less to the payee but that doesn’t stop the debt from piling up.
Spending less will drop the debt.
Increasing affordable and plentiful energy will allow cheaper manufacture and transportation of goods for the consumer with subsequent more happiness for sane people (not the green loonies and other Marxists).
I would say they are 2 sides of the same coin. Govts increased money supply directly to sustain their economy’s during covid and created today’s debt levels. The result was always going to be inflation as they constrained supply by shutting down production.
Todays debt level becomes irrelevant the longer high inflation goes on. Central banks knows this and having a energy crisis helps bake that inflation into the economy and accelerates the devaluing of the debt.
Biden started the energy crisis the day he got in office and the Ukraine war only helps it along. My bet high inflation is here for the mid term at least and there won’t be any cheap energy soon nor an end the Ukraine war.
I think we’ll have cheap energy again in 2025. All we have to do is survive.
And get Trump relected
Maybe the Brits could flog off the Koh-i-noor diamond to find the money
Maybe the US could compensate those countries who’s people who have been injected with their taxpayer funded, US Military aided, US University sector developed and US Health quango head honcho directed bioweapon – plenty of cash available then.
Once the WWII countries pay the US back for all expenditures of the US military and industry and the Marshall Plan with interest, the US would no longer have ANY debt.
All US debt is from the failure of the US and the “allies” to pay off the the debt incurred defeating the Axis powers and the compounded interest from that point to today.
After that, we can discuss any other US owes us BS.
king chuck could pay out of pocket
Don’t promise stupid things and you won’t be embarrassed.
Sorry, we have no money left.
As the third world countries have not bankrupted their countries paying for fool renewables as the first world has, perhaps it is time to reverse the flow of money, & the third world should start compensating the the first world for their stupid efforts to fix the climate for all.
Extorting nations for money then demonizing them when they don’t pay is the MO of the COP. Why nations don’t demand to be told what happened to past payments ($500M from Obama for one example) and specifically what they intend to do with future payments bothers me …. and I’m sure many others.
You’re expecting accountability from UN agencies?
When Jean Chretien was PM in Canada, he offered to do as the “First Nations” wanted – disband the Dept of Indian Affairs and give them the money directly. It all fell through because he demanded, in return, that the Bands be subject to external audit.
At least the mafia had standards.
after irma holland offered st maarten billions in aid if it was administered by holland . the st maarten government declined the offer .
Some perspective. The Green Climate Fund since it’s inception has received a total of $11.3 billion in commitments, NOT the $100/billion/year the developing nations demanded by 2020. That total includes what the UK did not yet pay in arrears. It also includes the $2 billion Obama sent without a congressional appropriation. Of that, about $10 billion has been dispersed since inception on 179 ‘projects’, wasting about $59 million per project on average.
GCF reality is why COP27 will fail.
And to manage all that, the 2021 budget (the ~ 250 GCF staff paying themselves and their overheads) was $89 million. That works out to $356,000 per staff member. Nice pay and perks for a mostly useless gig.
I’m waiting for Magatte Wade’s book, The Heart of the Cheetah, to be available: “Her perspective turns most of the world’s current thinking on poverty and aid on its head. Africa, for example, has in recent decades been the recipient of more than $3 trillion in donated funds, all intended to raise the population out of poverty. That staggering sum has been accompanied by a commensurately massive human effort, with more than 1,000 private organisations now engaged in development work on the continent. Tragically, this effort has provided virtually no positive impact. While every other continent has in recent years seen a dramatic decline in extreme poverty, Africa lags far behind.
The reason for continued African poverty, Wade says, is in threefold: government over-regulation, widespread corruption, and Western charitable efforts that ensnare the population in programmes that are counterproductive.”.
Foreign aid is the transfer of wealth from the poor in rich nations to the rich in poor nations.
UK aid cash helped African dictator buy himself a £30m jet
For God’s Sake, Please Stop the Aid! by James Shikwati is well worth reading.
i remember reading an article a few years ago written by a scientist from bangladesh asking the ipcc to stop spending aid funds that were used up by lavish conferences and presentations given by scientists in foreign languages that weren’t even understood by the local audience and start doing anything with tangible results .
The money is needed at home. While we have one vet living rough, or one pensioner starving or freezing , we should not be sending money overseas…
Well, the climate clowns promised the world was going to be a more comfortable temperature, but its rather chilly in the UK. I think it was a non-commitment type of future-promise if it all seems good when we kick the ball down the road type of thing anyways.
That’s great! Developing countries don’t want solar panels and wind turbines and they allow China to build coal plants. I would say the “climate crisis caused by coal and it is your fault” doesn’t apply.
Someone needs to do an article on how much each country spends on this nonsense, and put it in terms of Hospitals, Schools, Miles of Road, etc etc that represent better use of the tax payer’s money. Does anyone have a source for the Climate Extortion Money spent per country? Just what does the tax payer get for their investment?
Here’s a possible source…
the chinese do not give anyone money . they simply go to a country and build infrastructure there . built by chinese companies with primarily chinese labor . it’s a win win : countries get expensive modern infrastructure and the money for construction stays in china . way too sensible for bureaucratically befuddled western democracies who can’t even build infrastructure in their own countries
with the added benefit of building personal relationships between chinese and locals
It is a giant emotional blackmail based extortion racket. By signing up for the racket on the basis of undebated (because debate is stifled) assertions, taxpayers are paying the extortionists who are effectively a private foreign power.
Section 44i of the Australian Constitution makes anyone who bears allegiance, obedience or adherence to a foreign power incapable of being selected as an MP or Senator in the Federal Parliament. We too have signed up to this extortion racket, which effectively means ALL MPs that have ever voted or condoned this taxpayer funded extortion racket are and have sat in the house in TREASON.
The obvious solution is to UN-PROMISE it. (Excuse the pun). It is easily done by just doing nothing, like everyone else.
I never promised it and was never asked and in my book it is unethical to promise other peoples’ money you don’t have. Besides; the UN has got money dripping out of its ears and
Our children and grandchildren should NOT be burdened with this debt.
If you are up to your eyes in debt best not go sloshing money around in highly dubious, to put it mildly, enterprises, just for the Hubris.
Sunak couldn’t attend because of pressing domestic issues… err… ah…”Climate Policy-Caused Socioeconomic Disaster” ^тм
The new PM missed an opportunity to declare a national emergency and effect an about turn on this glaringly wrongheaded national suicide plan. Can a UK PM bypass parliament for this? He would have cemented his PM job for a couple of decades. It’s interesting that a couple of hundred idiots in the H of C carry more sway than 80miilion people.
It will take a ruthless patriot to take over as this sorriest lot of World leaders fall within the coming months. Not only will there be nothing too big to fail, a complete redo is essential.
No chance unfortunately Prime Minister Flip-Flop has to ask Jeremy Hunt for permission to blow his nose, as far as I can tell.
And since it’s unclear whether Jeremy H. knows his arse from the bendy thing in his arm, there’s not much chance of intelligent dialogue there, I’m afraid.
I prefer Jeremy ‘rhymes with’
It gives the cockneys another rhyming slang word in case they’ve got tired of Berk.
the Great Reset : you will own nothing and you will not be happy .
What is the best way for UK to spend $300 million?
More nuclear power generation. OR
Lining the pockets of corrupt dictators.
Tell you what – let’s build a high-speed railway (that nobody wants).
“The British government has come under fire for sending a “strong negative signal” ahead of the Cop27 climate summit in Egypt, by failing to make $300m (£260m) of promised climate finance payments.”
I have always wondered how much the G7 wealthy developed nations have contributed to increases in the world’s crop yields from their contribution to CO2 levels in the atmosphere. How much is the increased crop yield worth on the global food markets?
The answer to that question is probably not an easy one to answer. What is interesting though is the subject never even comes up when talking about global wealth redistribution due to climate change. Crop yield increases don’t do the Swiss bank accounts of Third World dictators any good.
Gotta love this quote: “The UK has already caused upset among developing countries hit hardest by the climate crisis”
NOBODY has been “hit” by the “climate crisis,” except the fools who do stupid things in response to the non-crisis, such as Sri Lanka. How will the EU and UK pay reparations to their own citizens for the death and destruction they have caused themselves at home through savage energy policies?
“ The UK has already caused upset among developing countries hit hardest by the climate crisis”
I would first demand an itemized list of all the climate damages supposedly caused, with proper numbers attached and the ability for Britain to go observe the damage.
No insurance company pays out without first sending an adjuster to look at it.
Great, another commitment to spend taxpayers money we can’t afford, never mind put it on the credit card.
There is a delicious irony to borrowing money to pay for climate change commitments and ‘renewable’ energy, it’s invariably the younger generation that believes in this twaddle, so I guess it’s only right they’ll have to pick up the bill in the future. That’ll give them something else to whinge about!