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Two weeks of climate talks in Bonn ended last week without agreement on a draft negotiating text, the Washington Post reports. Developing countries demanded to know when the US$100-billion package promised to them as part of the Paris climate agreement would be forthcoming. Hopefully, the answer will be “never” and that will lead to the end of the deal.
Paris is a climate fairy tale. It has always been more about money and politics than the environment. Last year, U.S. President Donald Trump wisely announced that America would withdraw. For developed nations who still believe Paris is a viable plan, the prospect of a massive transfer of wealth under the guise of carbon reductions must seem less attractive without the U.S. to help foot the bill. Still, other world leaders seem irrationally committed to pursuing the real objectives of Paris: wealth redistribution, virtue signalling and globalist governance.
Core - Paris - Umbrella - Document - United
At the core of Paris, signed in 2015, and its 1992 umbrella document, the United Nations Framework Convention on Climate Change, is the principle of “common but differentiated responsibilities and respective capabilities.” The term means that developed countries are expected to go first, do more, and pay more. “To each according to his needs, from each according to his abilities,” as Marx wrote in a similar vein.
The objective is to rebalance resources. How much more must developed countries do and how many more dollars should they transfer? In the Paris negotiations, the parties confirmed a breathtaking minimum transfer of US$100 billion per year starting in 2020, with the expectation that higher amounts would be forthcoming as time progressed. In exchange, developing countries with high and accelerating carbon emissions, such as China and India, talked of reducing emissions, eventually, probably.
Time - UNFCCC - Share
At the time the UNFCCC was adopted in 1992, the greater share of global...
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Why do democrats never have to face the reality of what's on the ground, like 2000 years of marriage.