By David Wojick
UN Climate COPs have always been about big money but until now there was a facade of emission reductions to hide it behind. This time the money is the big thing and it is amazingly crazy. They want many trillions from us starting next year.
That people take this nonsense seriously speaks volumes about the unreality of the UN climate program. But it will be great fun to watch them hit the NO WAY wall.
There are actually three big money issues to watch fail. First is the annual money for nothing from developed countries to developing ones that is supposed to jump from a measly $100 billion a year to a trillion a year and quickly growing to almost two trillion. I am not making this up.
Second is the as yet untold trillions we are supposed to pay the developing countries to make up for their bad weather. Which of these two is crazier is hard to say and I welcome suggestions.
Third is perhaps the most fun. People want China, one of the strongest economies in the world, to stop pretending to be a developing country and put big money into these two pots. By some measures China is by far the strongest economy. For example they produce and use more electricity than the US and EU combined.
Before getting further into the greenback craziness a procedural point must be made especially with Trump coming on. This big money stuff is about the MOP not the COP. How’s that for jargon?
The basis for these annual discussions is the 1994 UN Framework Convention on Climate Change (UNFCCC). This is a treaty ratified by 198 countries including the US. The abbreviation COP stands for the Conference of the Parties to the UNFCCC.
The Paris Agreement is a 2015 supplement to the UNFCCC. It is not a treaty just what is called a Presidential Agreement in international law. President Trump cannot get us out of the UNFCCC but he can easily leave the Paris Agreement as he did last time he was Pres. Getting together under the Paris Agreement is called the Meeting of the Parties or the MOP.
COP 29 is actually part COP and part MOP. All three big money issues are on the MOP side where we will soon be absent. Off course the COP 29 MOP is under what is left of the Biden Administration so we will still be at the table but any promises made will be laughed at. This twist just adds to the frivolity.
Here’s a bit more on the jargon so you can follow the action. First the astronomical annual payment issue is called the New Collective Quantified Goal or NCQG which strikes me as unpronounceable. Suggestions welcome. At least there is an interior rhyme with C and G.
For purpose of discussion the starting value of the NCQG is $1.1 trillion in 2025 rising to $1.8 trillion in 2019. Yes it is a 5 year plan. No surprise there, right?
The second big money issue is called Loss and Damage. This bad weather pot is just getting off the ground or trying to which may not happen so there is a lot to watch.
The problem is there is more bad weather than money in the world so even possible funds are limited. Thus the basic issue is who gets how much and for what? There are no actual funds at this point. So the debate is entirely academic which diplomats love.
The Chinese issue seems to have no formal name but it is often termed as “China’s contribution.” That China is the world’s biggest CO2 emitter also plays into the guilt trip. China’s answer is that on a per capita basis they are still developing and have a long way to go. We shall see.
Mind you diplomats never say NO so that will not happen. They just never say YES. Watch for it in slow motion since they have two weeks to kill.
The money is laughably impossible and the US is pulling out of the MOP but the show must go on. Stay tuned to CFACT for a lot of fun to come.
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Someone’s going to have to get James Taylor to play for free.
With Taylor Swift.
But… wasn’t he so vain? Nah, he was “Sweet Baby James”
Well the Commonwealth got into the UK first with £1.8Tn for slavery reparations so the UN can get to the back of the Queue. Now we just have to put a claim for £2.0Tn into Norway Sweden and Denmark for the Viking invasion and we are at a positive £0.2Tn. Dublin was the centre of the Viking slave trade for the British Isles so they could be added in too.
I’m still waiting for my share of the reparations due to black Africans driving my ancestors out of Africa into the frozen north
Maybe we can deduct it from the money they’ve asked for?
And whilst we’re at it, let’s deduct the billions we’ve already given them in aid – they’ll owe us!
Can’t we also claim from the French for the Norman conquest?
And the Italians for the Roman invasion !!
The German vandals invaded Europe and pushed all government to Constantinople.
They all owe us for their crimes.
“The German vandals…….”
And they are still vandalising Germany !!
I want reparations from the Greeks due to the sacking of Troy.
I am descended from Priam as are most people in the western world.
Money laundering.
A duff kop
The US cannot sign up to anything at this particular junket, so my guess is few others, if any*, will. Already it’s a repeat of the last one…
“”An official with Azerbaijan’s Presidency of next week’s United Nations COP29 climate summit appeared to offer to facilitate talks about new fossil fuel deals ahead of the conference, according to a video secretly recorded by an advocacy group.””
https://www.straitstimes.com/world/europe/cop29-host-azerbaijan-promoted-fossil-fuel-deals-ahead-of-climate-summit-ngo-says
One could reasonably ask of them, why bother?
‘*’ You can bet Miliband will be leading the way…
The U.S. delegates are dejected but that wont stop them from enjoying one last party, at least for a few years.
They can still enjoy the 5* delights of a cop and network, cops usually attract women of the night, too. They certainly turned up in Glasgow. It’s the economy, stupid.
We will still send delegates to the COP just not the MOP.
You can’t blame Azerbaijan.
It’s not their fault that they own one of the world’s largest gas fields, Shah Deniz, in the Caspian sea and that they rely on fossil fuels for almost half their GDP, for over half of government revenues and more than 90% of the country’s export earnings.
They’re working on it, honestly!
My first thought when someone demands money is to direct them to perform a highly improbable act upon themselves.
“And your chicks for free“
Them guys ain’t dumb
~ Dire Straits “Money for Nothing“
““And your chicks for free“”
Some chicks work it.
“” I’m this naive, innocent girl who wants to be an actress. I’m willing to stop at nothing.””
– Daisy: Bowfinger, 1999
I have said this before, and I say it again (regarding the trillions of $$$ the developed nations are supposed to dole out): Marxist wealth redistribution by any other name is still Marxism.
With Trump coming back into office, it is likely that this scheme can be safely laughed off here in the U.S.
Just listening to the Albany, NY NPR – the chatterers there sound as if H*tler just won the election.
My guess – and I could be wrong – is Albany, NY NPR is for they/them
Many similar types need mental help. I do hope that the rich & famous that said they would move to another country do so. NPR talking-heads likely don’t have the freedom/money to do so. That saddens me. 😉
“Getting together under the Paris Agreement is called the Meeting of the Parties or the MOP.”
____________________________________________________________________________
How ’bout The MOB (Meeting of the Bureaucrats)
Maybe it could be something better than Bureaucrats, but that will have to do for now.
Meeting of the Bludgers?
We won’t put up and they won’t shut up. Got it.
Again predestined to failure. Each COP gets more absurd than the last, but the UNFCC doesn’t seem to mind. Joke is on them.
In the US:
Point 5. Trump promised to surrender and Putin is happy to accept,.
Now watch the Taiwan change position as it’s clear the USA will no protect them from China.
Then watch the Tech Giants move from the USA to where they can access the silicon chips.
Your founding fathers understood that those who aren’t willing to fight for their liberty don’t deserve it. You will learn that lesson again, the hard way.
Taiwan is China! Why should USA insert itself in another country’s affairs.
https://english.news.cn/20220810/df9d3b8702154b34bbf1d451b99bf64a/c.html
Taiwan is China and China is Taiwan. The two sides of the Civil War have not agreed which one deserves to dominate the other.
When I said China, I mis-spoke. I meant the Chines Communist Party.
The USA was a defence of democracy against China (the Chinese Communist Party). But if you show you won’t defend your allies, your allies cannot trust in you.
Your weakness will cost you far more than your strength did.
The USA defence treaty with the Republic of China ended in 1979. US has no formal treaty with China. on Defence. They are not allied.
Taiwan has never been part of mainland China territory.
I don’t remember our founding fathers declaring war against Russia or China.
And I suppose you’ve forgotten America’s 1994 promise to Ukraine.
It would be nice to get the Ukraine war stopped while there are still some Ukrainian people left alive to enjoy it.
Dishonour before death?
Surely that should be Ukraine’s decision.
It’s their blood that’s paying the price.
The USA is just paying in government debt or taxes.
Zelensky should have considered that while he was using his Nazi squads to bomb and kill Russians living in the Donetsk/Luhansk region
Except that there was also something about NATO staying out of Ukraine.
Ukraine was meant to be a buffer between NATO and Russian, but NATO reneged.
WTH has America’s founding fathers and the fight for liberty got to do with Putin and Taiwan??
Your TDS seems totally incurable, and has cause most of your brain cells to commit suicide.
Claiming “derangement” and so avoiding the issue as I am clearly irrational.
That’s what Climate Alarmists do when they say we are Deniers.
They, and you, wouldn’t do it if you thought you could defend your position.
“as I am clearly irrational.”
Yes, that is patently obvious !!
Your comment was Kamal-speak and your illogic was totally twisted by your inner hatred of PRESIDENT TRUMP.
Your dire predictions sound like you think Kamala won the election.
Scuttlebutt about Newsom’s special legislative session is that it will be the first step to succession from the Union.
Maybe California will ask China for military support to complete the process.
California has already signed trade agreements with China and signed Climate agreements with other States which violate Article I Section 10 of the US Constitution.
So secession from the Union is not far behind that. Newsom likes to play stupid games. Just ask his former best friend and campaign manager Alex Tourk, who also served as Newsom’s deputy chief of staff.
Papua New Guinea have said that it a farce as the money never gets paid so they are refusing to take part. But their delegates are still coming as lavish food and drink, and cheap whores can’t be turned down while avoiding the boring conference stuff.
The COPs are just a joke.
Bought and paid for by the fossil fuel industry.
I don’t know exactly why sites like WUWT still exist. You’ve already ‘won’.
Money, as usual, did the trick.
Now we can only sit back and reap the whirlwind.
It’ll be fun, in a way.
1… Agreed
2… NO, by the wind and solar renewables industrial estate and subsidy scammers.
3… WUWT is a science blog…. that is why you are very much out of the picture.
4… The Kamal crew out-spent the Republicans by at least 2:1
5… The whirlwind of massive benefits around the world.. Yessireee ! 🙂
6… Yes it will be fun watching your remaining few brain cells commit suicide. !
It’s the Collective Remedial Annual Payment.
How about ‘NAKED’ for NCQG since that is what we will be after being stripped of all resources and money.
Quora isn’t deterred by the election results suggesting a new climate discussion paradigm when it comes to censoring my postings that don’t resonate with their progressive bias. I quit counting when the “100th automatically declined submission hit a few months ago. Here’s today’s arrival:
Automatically declined · Submitted October 25 ·
Answer
Is there still hope or any good news for the climate? Hearing the new U.N report that we are headed for 3 degrees Celsius by 2100 has left me hopeless for good now. What is the point of anything?
I continue to be amazed that the IPCC has not been successfully sued, perhaps by a wealthy family whom had lost a child to suicide from despair believing the climate alarmist lies. The conspicuous climate data manipulation in support of their blatantly obvious political objectives is criminal.
There is not going to be 3C of warming 76 years from now and there isn’t a credentialed PhD climate scientist alive who doesn’t know it even though “97%” of them won’t admit it. Two degrees of warming from a doubling of ATM CO2 is an absolute maximum according to my reading of Dr. Roy Spenser. If FF’s are to blame for that temperature increase it’s a non-issue because we’ll be mostly nuclear long before we would ever get to 2X 425 PPM = 850 PPM. In 2100 we won’t even be at 650 PPM and because the CO2/Temperature relationship is logarithmic we should expect 1C of warming (or less).
Delete
Sure glad the UN stopped all that starving the worlds little children were experiencing through UNICEF
Why not? What happens if US resiles from that agreement, does the UN send in the blue helmets?
Efficiency measures used to block payment to UNFCCC and all other climate and UN groups.
Would be nice to watch the response 😉
There is no real evidence that CO2 has any effect on our global climate system. The AGW hypothesis has been falsified by science. Mankind does not even know what the optimum global climate is let alone how to achieve it. Hence spending money to fight climate change is a big waste of funds. The federal government of the USA is more than 35 trillion dollars in debt. The USA does not have any money to waste trying to fight climate change. If they really want to reduce CO2 emissions then they should hold their meetings over the Internet. The technology to do so has been available for decades..
Why can’t trump get the US out of the UNFCCC?
Cheers,
Bill Johnston
Does anyone actually believe that these COP conferences will actually accomplish anything regardless of what demands they make for compensation for climate damage supposedly caused by the Developed World. These annual gabfests just have the reputation for being meetings attended by freeloaders and hangers-on who receive their funding without having to achieve anything. Canada presents a classic example by sending among the largest delegations to COP year after year; yet its emissions continue to rise. So citizens there keep asking the same question: is this where our carbon taxes are going, to provide free rides to delegates who don’t have to show any results? No doubt other nations are asking the same question, but now with a Trump administration in Washington, maybe the charade will end and more countries will pull out of these climate agreements which seem to agree on only one thing; i.e.,: no one intends to disrupt and/or undermine its economy by abandoning fossil fuels for expensive., undependable alternate energy sources.
Just in case someone has missed cost estimates for NetZero 2050 here is McKinsey Co. assessment:
https://www.mckinsey.com/business-functions/sustainability/our-insights/the-net-zero-transition-what-it-would-cost-what-it-could-bring
My summary: ~$9T per year x 30 yrs to achieve NetZero by 2050, but it really needs to front-loaded in the early years! Assumes everything works correctly (technologies), is built on-time & on-budget, and ALL countries work together without conflicts or freeloading. Doesn’t say who will pay… [Does anyone think this nothing but a fantasy?]
It’s about time that all of that climate dark money was redirected to funding their cult MOP demands
The US needs to get out of the UN it is a waste of time, money and resources. At the very least stop financing it. We could better spend that money a hundred different ways and actually make a difference.