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President Biden Takes To The World Stage
The goal was formalised at COP16 in Cancun, and at COP21 in Paris, it was reiterated and extended to 2025.
That piddling $100 billion per year was supposedly for “mitigation actions” and “transparency in implementation.” In other words, maybe building a fleet of useless wind turbines. But now this year these developing countries have latched on to a much more lucrative idea in this “loss and damage” thing. Now, we are no longer talking just money to build wind turbines, with the reigning kleptocrats getting the opportunity to skim 10% or 20% here and there. No, now we are talking about much bigger money, and all of it going straight to the pockets of the kleptocrats. In the run-up to the conference the UN put out a big Report laying the new number on the table: $2 trillion per year. Euronews.green had a summary on October 11, with the headline “Loss and Damage: Developing countries need $2 trillion a year to cope with climate crisis.” Excerpt:
Developing and emerging countries will need $2 trillion (€1.98 trillion) per year by 2030 to cope with climate breakdown, a new report warns. The money - which covers all of the world’s developing economies except China - would fund a shift to renewable energy and help countries cope with extreme weather. The figure comes from ‘Finance for Climate Action’, a UN-backed report released on Tuesday. . . . Its authors call for ‘immediate action.’
The only right response for a U.S. President was to stay as far away from this shake-down as possible. But of course Biden went. The New York Times had a big article on November 12, headline “Biden Casts America as Climate Leader and Promises a ‘Low-Carbon Future.’” They first report that every likely target but Biden was able to figure out the game and stay home:
Mr. Biden was the only leader of a major polluting country to appear at the climate talks in Egypt. Mr. Xi, President Vladimir V. Putin of Russia and Prime Minister Narendra Modi of India did not attend. The absence of the other leaders made Mr. Biden even more of a target for developing nations that were aggrieved.
Biden chose to make his speech about a so-called “low carbon future.” Everybody who knows anything about this subject knows that that’s a joke, except to the extent that the U.S. or other advanced countries decide to voluntarily impoverish their populations. The entire developing world, led by China and India, is building coal-fired power plants as fast as they can. But meanwhile, with Biden sticking his chin out so it could get punched, why not take advantage of the opportunity?
Read more:
https://www.manhattancontrarian.com/blog/2022-11-20-president-biden-takes-to-the-world-stage