Climate conferences are mostly dreary boondoggles, but every now and then things come into focus. Like when they talk about money.
The “green” scam is all about the money. Global warming warriors are trying to pull off the greatest transfer of wealth since the Industrial Revolution. Mostly is this is from industry to industry, but it also applies from country to country. Thus, the “developing” countries try to shame the “rich” countries into giving them money. Lots of money.
COP 29 is the typically useless climate conference now taking place in Baku, Azerbaijan. (I am not sure why.) The conference should have ended already, but it is being prolonged by the issue the delegates care most about: money.
Developed nations should pay $300 billion a year by 2035 to help poorer countries deal with climate change, according to a new draft deal from U.N. climate talks published early on Sunday, after an earlier target of $250 billion was rejected.
Rejected by the “poor” countries, who want more.
The document, described as a draft decision rather than a draft negotiating text like previous iterations, said nations had decided to set a goal “of at least $300 billion per year by 2035 for developing country Parties for climate action.”
So it sounds like the parties are going to agree on $300 billion. Per year. What is the rationale?
It also laid bare the divisions between wealthy governments constrained by tight domestic budgets and developing nations reeling from the costs of worsening storms, floods and droughts.
Storms, floods and droughts are not, in fact, worsening. Note how Reuters can recite as fact the odd notion that global warming causes both floods and droughts. Pretty much anything that is inconvenient can be chalked up to “climate change.”
There are several obvious problems with the draft agreement. First, there are only around 24 “rich” countries to pay the tab. That list does not include China, India or any of the oil-producing Gulf countries. Good luck persuading any of them to contribute.
Second, the United States–the main pigeon the grifters are trying to pluck–won’t kick in a dime under President Trump.
If it becomes clear that money is not going to be forthcoming, these pointless climate conferences will likely dry up.
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