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$250 billion is an “insult” say climate campaigners at the big UN climate conference in Azerbaijan.
They are demanding over $1 trillion of your dollars per year be transferred to developing nations and their attendant climate profiteers starting now.
The COP 29 presidency released a draft calling for a “collective quantified goal on climate finance” of $250 billion per year, ramping up to $1.3 trillion per year by 2035.
Read the COP 29 presidency’s draft climate finance proposal at CFACT.org.
The Guardian quotes Panama’s climate envoy as saying, “This is definitely not enough. What we need is at least $5tn a year, but what we have asked for is just $1.3tn. That is 1% of global GDP. That should not be too much when you’re talking about saving the planet we all live on.” $250 billion “comes to nothing when you split it.”
The COP 29 outcome is now teetering as climate pressure groups and poorer nations insist on higher redistribution of cash.
That monstrous portions of all this spending will end up in the pockets of climate kleptocrats, with little or no impact on the temperature of the Earth, doesn’t enter into it.
As three decade veterans of the UN climate process, CFACT has seen this drama play out many times before.
The conference goes into a last minute panic, then goes into extra innings. Then some time over the weekend delegates emerge bleary eyed from a late night session and announce a glorious compromise that lines the wrong pockets while accomplishing nothing meaningful for the planet.
CFACT’s Marc Morano told Sky News that, “this
whole conference was about money, money, money” for a UN climate “slush fund.”
Check out my article at Newsmax calling on once and future President Trump to “Net Zero” the USA out of these UN climate meetings. I share a pile of climate absurdities and solutions that solve nothing such as eating insects to change the weather.
As UN climate delegates fight over the billions and trillions of dollars they crave, they do so under the cloud of an incoming Trump Administration that is threatening to pull the world’s number one economy out.
Let’s see how eager Canada, Europe, Japan and Australia are to continue throwing good money after bad if the U.S. calls “game over” and departs the field.
