Bad science puts rich nations on the hook for trillions in climate liabilities
Delegates at the recent U.N. climate conference in Warsaw decided that $1 billion a day, the amount currently being spent across the world on “climate finance,” is not enough. Far greater funding is needed to save the world from what U.N. Secretary-General Ban Ki-moon calls the “greatest threat facing humanity.” That climate science is highly immature and global warming actually stopped 17 years ago was never mentioned.
Here’s what our representatives just agreed to:
Starting in 2014, the U.N.’s Green Climate Fund, a plan to divert an additional $100 billion per year from the treasuries of developed countries to those of developing nations to help them “take action on climate change,” will commence operation. The heads of the World Bank and the International Monetary Fund are scheduled to take part in a launch ceremony for the GCF headquarters in South Korea on Wednesday.
A timetable was accepted to pave the way toward the establishment of a new international treaty in 2015 that will force developed countries to spend untold billions more to reduce carbon-dioxide emissions. The fine print in the negotiating text includes an escape clause for developing nations, indicating that carbon-dioxide emission targets their governments agree to will not be enforced. Developed nations do not have this escape clause.