WaPo is outraged Congress has not allowed President Biden to fully honor his pledge of providing billions of dollars of climate aid to foreigners – but it can all be set right at COP28!
Rich countries promised poor nations billions for climate change. They aren’t paying.
Years of failed promises of help from rich countries could undermine success at the upcoming global climate talks, COP28
By Timothy Puko
October 9, 2023 at 6:30 a.m. EDT…
Promises from some of the world’s biggest economies, including the United States and China, haven’t been panning out. Many are years behind schedule or still years away from sending money, delayed by political fights,bureaucratic snags and debates over new rules to expedite aid from development banks and private donors.
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“What’s available is far less than what’s needed,” Naseem said in statement. “We are not able to keep up with addressing impacts, disaster after disaster.”
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Finding ways to raise more money, especially from the private sector, is a top priority for leaders of COP28, said the summit’s chief executive Adnan Amin. But unfulfilled funding promises from the past are a big complication — among several — for negotiators.
The United States has provided only $2 billion of the $3 billion it promised for the Green Climate Fund nine years ago. Congress has approved only$1 billion of the $11.4 billion President Biden had personally pledged to developing countries. While the United States and other rich countries vowed to provide $100 billion per year in aid from both public and private sources by 2020, the shortfall now stands at as much as $17 billion a year.
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Read more: https://www.washingtonpost.com/climate-environment/2023/10/09/rich-nations-pledged-poor-ones-billions-climate-damages-they-arent-paying/
Somehow I suspect there are going to be a lot of disappointed beggars at this year’s COP28 climate conference.
Correction (EW): First paragraph – NOT allowed 🙂
No money for fake crisis.
There never was and it was never, ever intended as such. The original idea was that the rich western countries would provide billions in technology transfer – essentially all the stuff that developing countries would need for a green, renewable future. There was never an option for cash payouts until the developing countries and the UN demanded it, arguing that they would be best suited to determine what the cash should be spent on. Now the west is caught in a fairly obvious trap; having promised billions that they never intended to hand over and being held for ransom by the developing countries that smell a payday looming. Stupidity abounds!
The problem with environmentalism is that sooner of later you run out of USA/European Taxpayer money.
It isn’t taxpayer money—yet.
It’ll be the taxpayers’ grand-, great grand-, and great great grandchildren, and probably off even further into the future.
Talk about generational injustice!
And it starts now….
story tip
Treasury’s Debt Deluge Is Finally Straining US Funding Markets (yahoo.com)
Not as long as a country’s government exists. It only that each unit of money buys less and less over time.
Off topic- listening to Google bard vs willie soon section of the Heartland podcast waaaayyyy l too late. Someone tell Sterling he was looking for old school science fiction author Isaac Asimov for the laws of robotics
Offer free one-way trips to Antarctica or northern Siberia instead.
They will be safe from the devasting global boiling caused by CO2 for several hundred years in those locations and I’ll happily move into one of their abandoned homes on their ‘sinking’ tropical islands.
Sadly there are people living in warm nations who are so obscenely desperate and poor many of them would accept. I’ll never forget a news article I read, which described young Kenyan women running away from home so they could get a job as a housemaid in Yemen and Saudi Arabia. Their priority was making sure they got hold of birth control pills, so when they were raped by the pirates who provided the passage from Somalia to Yemen, or while they were imprisoned in Yemen while people smugglers tried to extort additional cash from their families, they wouldn’t fall pregnant.
They’d be obscenely desperate, poor, AND freeze to death within minutes of arrival if they accepted.
Here in the US, more people are still moving from the colder areas to the warmer areas.
“Finding ways to raise more money””
We’re all doing it
“”What’s worse than ‘gobsmackingly bananas’? “”
The meejah
https://www.theguardian.com/commentisfree/picture/2023/oct/07/whats-worse-than-gobsmackingly-bananas-you-really-dont-want-to-know
Hilarious – they’re all sitting in a comfortable room saying scary things while looking at a meaningless chart. Pretty much a metaphor for the climate alarm movement.
Arriving on private jets and yachts, about 30,000 of them, staying and dining at 5-star hotels, shopping at luxury stores, attending a few meetings in comfortable surroundings, etc., and united to further hound/scare-monger the rest of us with fire and brimstone, heaven and hell, etc. SCREW THEM ALL BIG TIME
I hear the tour of UAE’s oilfields has already sold out 🙂
Zeke will henceforth for ever be known as ‘gobsmackingly bananas’ 🙂
COP 28 is in Dubai on 30th Nov, apparently. Something tells me there won’t be quite so many delegates this year.
As far as the West giving hard pressed tax payers money to some ethereal group in the developing world goes, well here in the pot holed infrastructure of the UK where the emergency rescue service for stranded drivers tell us pot hole breakdowns has risen another 30% in the past year. I suspect there will be other priorities for state funds rather than giving it all away to who knows where.
The UK has also just cancelled the top half of the HS2 project because it became unaffordable.
The call on cash is getting critical. We may also need to spend a few £££ on restocking our now empty military stores as the Ukraine support over the past two years has emptied our stock of things that go bang.
I went 4WD earlier this year, the roads in my area are falling apart.
Given that a heavy bump can damage an EV battery, I can’t think any country person in Australia would be stupid enough to own one.
Roads around here can be fun.. saw a window sticker recently……
I already have that option, but it still doesn’t prevent springs braking or suspension arms needing re-bushing as I know to my cost.
You’re driving on the wrong side of the road!
Eric, I’ve always been surprised by the difference in roads quality between the ACT (federally funded & managed Australian Capital Territory) and the main states.
ACT roads are smooth as silk, whereas the other areas are constantly as rough as your dashcam video shows.
But of course, the ACT is highly populated by public servants / bureaucrats.
What a coincidence . . .
UK ministers (not defence, obviously) and MP’s have been after the military for a while now – having cut it back to a fraction of what it once was, they are of the informed opinion that we no longer need tanks or as many things that go bang. No – the army will do its job through cyberwar; prevent the enemy’s vehicles and communications from doing anything and their army will just pack up and go home. I swear that somebody must be putting something in the water in Westminster, Washington, Brussels and other places, this much stupidity cannot be a coincidence.
Now that the extension of HS2 to Manchester has been cancelled all the people along that proposed section who had their homes compulsory purchased have been told they can buy them back but will have to pay the current very much higher going rate!
Oh god I would be angry!
The same will happen with the battery car & heat pump owners once their adverse effects have ruined a few
Oh fear not, the many will be there in their private jets – lots of schmoozing, wheely dealing to be done between rich elites – the climate scam is a cash cow, nothing to do with climate
The United States has provided only $2 billion of the $3 billion it promised for the Green Climate Fund nine years ago.
Who is “it”? Presidents should not make promises they do not have the power to implement.
So “it” has already provided two-thirds of what “it” promised. $2 billion is a heck of a lot of money. What has it been spent on?
While the United States (who in the USA?) and other rich countries vowed to promise $100 billion a year in aid from both public and private sources by 2020, the shortfall now stands at as much as $17 billion a year.
So the rich countries have already given $83 billion a year. Where has that money come from? What has it been spent on?
From the figures provided it would seem that the rich countries have already given most of what “they” promised.
And the developing countries are asking for more?
It’s just as well money grows on trees.
The “it” is Obama. Obama is the one who wanted to throw away taxpayer money. Trump came in and stopped it, and now Biden had come in and reinstated it.
You raise a lot of good questions about all this spending. I would love to see the answers.
Who is getting this money. How much are they getting? What are they doing with it?
He stopped $1 billion of the $3 billion. The UN top bureaucrats were totally caught off guard and pissed
They spent at least that much money promoting the signing of the Paris Agreement with pay-to-play news in thousands of media outlets across the U.S. That included all sizes of media, down to the distressed small-town newspapers whose publishers ‘need’ the paid news (advertising). This ad placement surge (of news) was even larger than all the money thrown at Hollywood to promote smoking in movies and TV series. After all, there’s nothing in the U.S. Constitution about playing fair or not taking money for policy and industry propaganda as part of freedom of the press. Hopefully the propaganda news AI detector will help educate the hapless population in the future.
The AI bots are pushing the same “climate change” story as the media.
If the money wasn’t going into Trump’s bank accounts he didn’t want it spent.
Pick your Poison
TDS
Much of the existing $83 billion in “climate cash” is previously identified foreign aid and loans. What a pack of lies.
I find it amazing how some people demand to spend other people’s money…
Democrats think your money is their money.
Because, their business IS government, and governments DO NOT CREATE WEALTH, THEY EXTRACT IT FROM THE SUCKERS.
THE RICH HAVE LAWYERS TO AVOID MOST OF THEIR TAXES
And if you disagree with them, they have several dozen agencies with police enforcement powers to make their point.
The IRS was the weak link, but that was fixed with $40 billion and hiring 80,000 auditors using AI in the future. Do no even THINK of cheating, if you are a schmuck.
As we all know, 99% of any donations, will find its way into private bank accounts. Another form of transferring wealth from the poor to the rich.
That’s actually better than having the money go to climate mitigation fantasies. Those in charge of the donated funds will put them to good use in acquiring real estate in the south of France, expansion of lucrative cellular phone infrastructure and construction of sea-going palaces. In other words, what third-world leaders have always done.
African dictators need to buy new cars on a regular basis.
That reminds me of the time I went to Zimbabwe. Comrade Mugabe (‘orrible little toad) had bought his cohorts top o’ the range Mercedes (despite the country experiencing runaway inflation, and the poor starving). His deputy minister, comrade Banana (no I’m not making it up), went and trashed his brand-new car, after just one week. No matter, it was soon replaced.
This is a good time to be reminded that the U.S. Senate was never even presented with a treaty to ratify the 2015 Paris Accords constitutionally. The promise to do it all by executive agreement was phony from the beginning.
The climate money, coming as taxes out of our pockets, and/or just added to government deficits, that cannot be financed, because almost no one is buying the “paper”
Instead the “financing” is by printing $trillions of dollars by central banks; creating money out of thin air
The climate money is merely a bribe to get other countries to continue to vote with the West regarding its Climate Change project, which is forced, by heaven and hell, scare-mongering, on the West, by the Moneyed Elites, Academia, Media, governments, and, of late, the Holy See
They want to throw more money into the wind, solar, batteries, hydrogen, electrify-everything BLACK HOLE, that has a buffered energy return divided by energy invested of less than 4
It takes an EROI of at least 7 for a developed society to just MAINTAIN itself, which means it would slide backwards vs more enterprising countries
Western Europe and most of the US have an EROI ratio of about 25.
The EROI 25 ratio used to be higher, but recent government excesses, the military, the Ukraine black hole, and the wind, solar, battery, hydrogen black hole, and closing nuclear plants, are sure as hell REDUCING that EROI
Buffering means the cost of
1) having a fleet of quick-reacting, combined-cycle, gas-turbine plants, CCGTs, and reservoir hydro plants for counteracting/balancing the variable wind/solar output, on a less than minute-by-minute basis, 24/7/365, year after year, plus
2) having curtailments (payments to owners for not producing), in case of potential over generation by wind/solar, and filling-in by real power plants, in case of potential under generation by wind/solar
3) having extension/augmentation of US electric grids to connect all these wind/solar systems
At high levels of wind/solar, say 40%, the cost of these three items becomes 30 to 40 percent of the total LCOE of the systems, including the cost of their “bufferers”
But, the non-wind/solar part of the system has to operate at lesser efficiencies as the wind/solar percent increases, which means more Btu/kWh, more CO2/kWh, more c/kWh. Those extras offset the CO2 wind/solar was meant to reduce.
A HUGE LETDOWN, IF THE MEDIA WOULD ONLY WRITE ABOUT IT AND THE IPCC WOULD ONLY ACKNOWLEDGE IT
See URL for more details
IRENA, a European Renewables Proponent, Ignores the Actual Cost Data for Offshore Wind Systems in the UK
https://www.windtaskforce.org/profiles/blogs/irena-a-european-renewables-proponent-ignores-the-actual-cost
Not sure what you mean by ‘a European Renewables Proponent’. The EU is a member of IRENA as are 169 other countries. It is based in Dubai.
IRENA is based in Paris, or Geneva, I am not sure.
It costs next to nothing to be a member, so why not sign up.
It improves a country’s ability to get Climate grants, that tend to disappear into Swiss numbered accounts
Perhaps when first set up it was in Europe but its HQ is now in Masdar City, Abu Dahbi, UAE although it still has an Innovation Centre in Bonn as well as an Office for the Permanent Observer to the UN in the US.
https://www.irena.org/About/Contact
Dave,
Thank you for the info.
You likely did not read the article about ERINA, which takes an ERINA report and proves its glossy graphs and data sources are flawed in a manner to favor Offshore Wind.
ERINA is shilling for offshore wind
Offshore wind is in deep trouble in the EU, UK, and US, all of which are members of ERINA.
“Rich countries promised poor nations billions for climate change. They aren’t paying.”
No sh*t Sherlock.. one of these days they may even figure out that none of this was about the climate anyway..
The price tag to stop warming by 2050 is $200 trillion according to Bloomberg’s green energy research team. All of the cash, checking accounts, and savings accounts only have $40 trillion.
Billions wouldn’t even make a dent.
Warming is good anyway.
Around 10 times as many people die from cold weather compared to hot weather.
Cold weather makes our blood vessels constrict to conserve heat and that causes the blood pressure to rise causing increased deaths by strokes and heart attacks in the colder or cooler months.
Is a country still rich when it’s trillions of dollars in debt?
Yes just so long as the wealth-producing parts of that country aren’t owned by foreign companies or governments. So, which countries are rich again?
If I owe you $100, I have a problem. If I owe you $1 million, you have a problem.
Wait wait wait…… governments lied? Oh the horror!!!!! How will I ever go on?
The Marxists modus operandi is to convince the downtrodden they are victims of greed by the successful. AGW is just another cause to further their ideology.
For some obscure reason it looks like the WaPo “fact checkers” weren’t called on to “check” that specific article.
For the UNFCCC China counts as a “developing / recipient” nation, not a “donor / Annex II” nation.
URL 1 : https://www.greenclimate.fund/document/status-pledges-all-cycles
The latest “Status of Pledges” document is only 6 weeks old, and doesn’t include any “China” lines (though the USA’s “Unconfirmed Pledge” of 1 billion is included, at the bottom of page 2).
When it comes to providing “climate funds”, China hasn’t “promised” a damn thing.
_ _ _ _ _
If you go to the UNFCCC’s “HDC Registry” site you can check the calculations India, for example, has made regarding “what’s needed”.
URL 2 : https://unfccc.int/NDCREG
At the bottom of that webpage, set “Party = India” and “Status = Any”, then click on the “Apply” button.
You will (eventually, their server appears to be underpowered …) get both their original NDC document (38 pages in October 2016) and their update for COP-26 last year (4 pages in August 2022).
From their original NDC (on page 31) :
Note that India has always studiously avoided providing concrete numbers regarding their estimates of just how much money might be raised from “domestic resources” up to 2030.
From the 2022 update :
The original GFC was supposed to “ramp up” from 10 billion (USD) a year in 2015 to “at least” 100 billion per year from 2020.
“Rounding up” to 100 billion per year from 2016 to 2030 (inclusive) = 1500 billion (1.5 trillion).
India estimates their “fair share” of that total “pot” is … [ drumroll please ] … 2.5 trillion …
… I may be going waaaaaaaay out on a limb here, but I suspect that a lot — or maybe even “all” ??? — of the other “developing / potential recipient” countries might, just might, disagree with India’s numbers when their delegates arrive in Dubai for COP-28 at the end of next month …
The only “disaster” in these developing countries is that their petty, corrupt leaders need more mansions to park their Porsches, Mercedes, and Bentleys in front of.
The money was sent to Tehran instead.
$2 billion is $3 billion too much.
Wow! I didn’t know The Big Guy “Biden Brand” Joe Brandon’s (aka Robert L. Peters aka Robert Ware aka JRB Ware) 10% share was so large: “$11.4 billion President Biden had personally pledged .”
Of course they did, they know the climate crisis is a con, they simply wanted the developing nations in it, however, those nations are wising up to the deceitful globalists, demanding reparations as well as billions for nut zero, whilst busily increasing their fossil fuel base – the joke is on the West
Tell COP28 to send Biden’s bill to Iran.
A few billion dollars isn’t enough to do much on a global scale, but it is enough to pad your Swiss bank account
It’s a good thing the wealthier countries are holding back on their climate aid to the developing ones because with the inconsistent record of the latter in utilizing foreign aid in general, the money would likely wind up in the foreign bank accounts of whoever runs those countries. Or it could be used to build coal plants that will just add to emissions, but at least it would ensure regular energy supplies.
Anyone who believes money transferred under the guise of climate change will be used to ‘fight’ climate change is seriously deluded.
Net Zero isn’t about carbon or climate, it’s about global socialism and giving advantage to the third world who are exempt.
Just as Ottmar Edenhoffer of the IPCC explained thirteen years ago. rect.
”One must say clearly that we redistribute defacto the world’s wealth by climate policy. One has to free oneself from the illusion that international climate policy is environmental policy.”
His statement about climate policy being international socialism in disguise was 100% correct.
Looks like climate change causes layoffs too….
story tip
Washington Post to Cut Staff by 240 Employees After ‘Overly Optimistic’ Traffic, Ad Projections (yahoo.com)