CONTRIBUTOR
The Biden administration has pledged millions of dollars to a de facto international “climate reparations” fund at the United Nations (UN) climate summit in the United Arab Emirates (UAE).
The fund, referred to by its proponents as a “loss and damage fund,” is intended to have developed countries transfer money to the developing world as compensation for the impacts of climate change. The U.S. promised more than $17 million to the fund on Thursday, according to Axios.
Numerous energy industry experts previously told the Daily Caller News Foundation amounts to a “climate reparations” program that redistributes wealth from the West to the third world in a “global shakedown.” (RELATED: House Democrats Pressure Biden Admin To Embrace Climate Reparations)
“We’ve delivered history today. The first time a decision has been adopted on day 1 of any COP. And the speed in which we have done so is also historic.
Getting this done demonstrates the hard work of so many, particularly members of the transitional committee who worked… pic.twitter.com/vPIpX5QBjw
— COP28 UAE (@COP28_UAE) November 30, 2023
The fund will be administered by the World Bank on an interim basis, according to Axios. In addition to the American pledge of $17.5 million, the U.K. pledged $75 million, the UAE and Germany each offered $100 million and the European Union pledged 200 million Euros.
The U.S. has repeatedly emphasized that all payments into the fund are voluntary and therefore are not an admission of legal liability, according to Axios. It is unclear whether these pledged payments will actually be made in full, or whether taxpayer dollars will be used; it is possible that private dollars or more innovative funding mechanisms are used.
Notably, China is not considered a developed nation by the UN, even though the country is by far the world’s leading emitter and second-largest economy.
The State Department and the White House did not respond immediately to requests for comment.
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Haha, I seem to remember the goal was $100 billion/year. What a kabuki theater act.
$17 million is just a slow start ..
Canada donated $16 million, and was basically told “Thanks, that’ll last about 15 minutes”….
And it’s our money, not theirs to give away.
Don’t think there’ll actually be many $$ handed over. Talk is cheap.
And, as per student loan forgiveness, Biden Promises are WORTHLE$$
I’d settle for a new pair of slippers.
I dunno, former worst president Obama stole $500 million from us taxpayers just before leaving office to give to his fellow “green” grifters:
https://news.yahoo.com/news/obama-directs-500-million-green-215428646.html
I would hardly be shocked if illegitimate junta leader Biden does the same.
I’m not surprised that King Charles gave the opening address. proving once again, as with Greta and Gore and ………, that these clowns have no scientific or technical knowledge at all.
They’ve no farming/food knowledge either and that is the truly scary thing:
This COP is going after: Food
IOW They are determined to turn everyone into sugar-eating demented zombies.
80%+ of people are there already – Alzheimer’s Dementia is quantifiable in folks who are merely pre-diabetic and don’t even know they are.
As if that wasn’t bad enough, it will destroy all of Life on Earth –
Net Zero will destroy all the perennial plants and trees and create a planet-wide Dunescape
Fire, Food, next is lifespan control….
On the bright side: The GOP gives him the opportunity to blow off steam so that he keeps quiet during the rest of the year. And in a sea of nonsense not even his musings stand out.
Didn’t the Americans once start a revolution because they didn’t want to be told by a British king what to do or what to think? What happened to that great tradition?
Dr. Henry Kissinger, was appointed an Honorary Knight Commander in the Most Distinguished Order of Saint Michael and Saint George (KCMG), and TWICE publicly said he always served the British Crown, in FOUR US Administrations.
That’s what happened. One of a list of treacherous Knights.
I like the phrase “…innovative funding mechanisms…”, that sounds like a politicians description for robbing a bank.
Perhaps he could send some dosh to southern Germany and Austria which are completely snowed out with widespread grid failures and transport disruptions. The snow appears remarkably early this year and in ‘unexpected’ quantities. Is mother Earth sending a signal to Doha?
No kidding, ARD Tv experts say the early snow is soft and damp!!!
Without global warming we would have nice crystals.!!!
Problem is, it is well known the Bahn cannot take such vertical standing snow flakes on the rails.!
Kinder won’t know what snow is.
Doesn’t 2/3 of the planet have solidified water fall from the sky at some point during the year ? So with a couple of degrees warming, maybe 2/3 minus 2% ?
The hypothesis is that warming can cause more snow or less snow.
Heads they win, tails we lose.
“Notably, China is not considered a developed nation by the UN, even though the country is by far the world’s leading emitter and second-largest economy.”
And China has cities that look like science fiction visions of cities.
Especially as a large number of them are uninhabited.
Poor China. They’ve only had 6000 years of a continuous, educated culture to develop but for some reason, they skipped the western definition of development entirely.
It’s “Middle Earth” and the rest of us are barbarians! 🙂
What will be done with the results of this extortion? How will the “loss and damage” be monetized? Realistically, any loss and damage would be experienced on an individual basis. In the case of an entire country there may be very many residents that suffer no loss or damage at all or even capture gains by climate change. Surely they won’t be in line for compensation, will they? And won’t an enormous bureaucracy be needed to distribute the funds to those savaged by drought, floods, wild fires and boiling seas? Certainly as yet undiscovered effects of climate change will become apparent and those too will require compensation. Simply announcing a sum to be devoted to climate reparations is the first small step in an immense transfer of wealth to unknown beneficiaries.
While thousands of homeless American fentanyl addicts are suffering and dying in the cold our president gives money to various sunny islands for future imagined sea level rise.
Newsom hands out free tents to the homeless in Sacramento.
Newsom hands out free advice about how you should live to everybody. Then he dines for free with his financiers at the French Laundry while not wearing a mask.
America has lots of decrepit areas- especially in CA. I watch Nick Johnson’s YouTube videos about his travels across (https://www.youtube.com/@NickJohnson/videos) America and he shows the worst of it- especially the homeless camps in CA!
Before 1900 when aspirin was invented everybody used opiates for pain.
In the 1920s and 1930 when using opiates was still common and legal the death rate from opiate overdose was only an average of 35 deaths per year.
Here are the mortality statistics from 1925 as an example, the others are available at the same site. https://www.cdc.gov/nchs/data/vsushistorical/mortstatsh_1925.pdf
Joke Biden for prison 2024! Joke is very generous with OPM and takes in millions in bribes while paying no tax. The outrage meter just exploded.This is due to low IQ voters and election fraud by Joke Biden.
Why bother? Just a few more hundreds of billions of dollars and we’ll have complete control of the climate and weather. Won’t we?
Hundreds of trillions. Bloomberg estimates $US200 trillion to stop warming by 2050
https://www.bloomberg.com/opinion/articles/2023-07-05/-200-trillion-is-needed-to-stop-global-warming-that-s-a-bargain#xj4y7vzkg
.
Did Congress vote to authorize the fund giveaway?
For the U.S., the $17.5 million pledge is like leaving a 25 cent tip after a $200 meal. Which is about right, considering the return on investment….
Kamala said at COP28 that the US was spending 1 TRILLION for fight Climate Change. 17.5 million divided by 1 trillion is ……
0.00175 % or just under 2 one-thousandths of a percent of that 1 trillion on the climate fund….
Don’t encourage him. Please!
There is no “climate emergency”. Extreme weather has always existed; and is in no way caused by actions of the US.
Neither I nor my children owe “reparations” for climate.
We already have the most generous foreign aid program in the world.
We can’t afford to do more.
Despite Biden’s addled thinking, Modern Monetary theory is wrong and we cannot continue to print money and indebt future generations.
“it is possible that private dollars or more innovative funding mechanisms are used.”
It is unconstitutional for the President to spend private dollars. All government spending must be appropriated by congress.
The fact that it’s such a small (and oddly specific) amount suggests it’s money that’s been appropriated for something similar that’s being re-directed.
Nothing but virtue signaling from Biden. He won’t get approval for the money from Congress so it will be interesting what slush fund he takes it from.
mleskovarsocalrrcom ==> At 0.00175 % of Kamala’s claimed spendng to fight climate change, that signals Very Little Virtue.
17.5 — looks like someone wanted 20 and someone wanted 15 — so they compromised at 17.5!
Biden must be using his and son Hunter’s ill-gotten stashes to get the $17,500,000. The USA is in negative territory, that is, broke. Make that a capital B.
Headlines in media focus on the comic** or tragedy of the week while failing to highlight the coming (12 years?) budget crunch.
** migrants land on a beach in Malibu near where Cher and Barbra have homes
And yet FJB proclaims often that he’s reduced the debt.
Joe Biden loves to give your money away to foreign actors. Remember, he campaigned for president on just such a platform, so it is what the American public wants.
Wow! Looks like you guys got off light. Our shower of Gobsh1tes pledged €25M. We have a population of about 5M here in Ireland, just recently swelled by rising immigration, so many of them not footing the bill. Oh, and gave assurances there was plenty more to come.
Wasn’t a similar type of compensation fund proposed during one of the earlier COPs when Obama was US President? Except it didn’t take long for the pledgers to realize that the money could be put to much better use for domestic needs, and most of it never was donated after all. So what happens if the same scenario is repeated? As in the past, nothing.
What if China won’t loan it to him?
But there is no real evidence that CO2 or methane has any effect on our global climate. The AGW hypothesis has been falsified by science. Hence the USA has never done anything that adversely affects our global climate. So this is nonsense. Our federal government is deep in debt and does not have money for anything including this..
GRIFT. Notice.