Just when you think the climate change lunacy couldn’t get any worse, the U.N.’s climate-crats up the ante. Meeting in Bonn, Germany, for yet another unneeded climate conference, attendees are now demanding $300 billion a year more to help less-developed nations cope with anticipated climatic warming. Are they kidding?
By the way, that $300 billion is in addition to the $100 billion that the world’s governments have already promised to deliver under the Paris Climate Agreement. So now they’re asking for a total of $400 billion a year in climate welfare for the developing world. No sane government would sign on to such a scam. Which of course means that most of them probably will.
There’s really no end to this insanity. To make it worse, the proposal before the Bonn climate talks calls for the added taxpayer-funded cash to be doled out not by the governments themselves, or even the U.N. No, the money will be channeled through existing nongovernmental organizations, or NGOs.
In other words, left-wing green groups around the world will become the conduits for billions of dollars in money handed out to ethically challenged, nondemocratic governments. Think there might be a tiny temptation for corruption there?
As one green group leader put it, NGOs, not the U.N., need to dole out all this money because “It’s so tedious to set up an institution and get it going, and make sure the money reaches the intended people.”
Such a scheme will no doubt lead to massive looting and fraud by green groups, which will suddenly hire massive new staffs to handle their new duties, and pay for it all through enormous “handling fees,” “service charges,” and other nontransparent charges paid for by American taxpayers. Basically, it’s a financial model designed to create global fraud.
All of this is based, mind you, on the purely hypothetical future threat that global warming supposedly poses to low-income nation.
“What stands out most clearly is that there isn’t currently enough funding to even begin thinking about financing loss and damage, with available climate, development, risk reduction and disaster recovery financing all falling short by an order of magnitude,” said a statement by “researchers” at Berlin’s Heinrich Boll Foundation.
Of course, apart from its inherent fraudulence, this is all ridiculously wasteful of scarce resources, in particular, the developed world’s financial capital.