05-11-2018, 10:39 PM
(This post was last modified: 05-12-2018, 08:13 AM by John J. Xenakis.)
*** 12-May-18 World View -- Climate change conference collapses as China backs down from emission commitments
This morning's key headlines from GenerationalDynamics.com
****
**** Climate change activists struggle to replace US climate change money
****
![[Image: g180511b.jpg]](http://Media.GenerationalDynamics.com/ww2010/g180511b.jpg)
Brown coal open-pit mining Garzweiler in front of a power plant near the city of Grevenbroich in western Germany, on 3-Apr-2014. (AP)
After two weeks, an international climate change conference in Bonn
Germany, attended by delegates of over 200 countries, has ended in
failure, without agreeing on the major issues of finance and
transparency.
Climate change finance has been in trouble from the beginning. The
2015 climate change conference that produced the famous "Paris Climate
Change Accord" dictated that the "rich countries" of the world
would provide $100 billion per year to the "developing countries,"
starting in 2020. Even before the election of Donald Trump, it was
highly unlikely that that requirement would be met.
However, since Trump has pulled the US out of the Paris agreement,
other "rich countries" now have to find a way to fill the gap
that was created.
As I've described many times in the past, the climate change has never
actually accomplished anything -- that is, you have leaders of one
country after another taking a holier-than-thou attitude toward the
United States about the Paris accord, but their carbon emissions go down little
if at all. In the case of Germany, where Chancellor Angela Merkel has
had the most holier-than-thou attitude of all, carbon emissions
haven't declined for nearly a decade, and have been increasing for the
last three years.
I first wrote about this subject in 2007 in "UN Climate Change conference appears to be ending in farce"
. That conference was held at a Bali Beach Resort where
159 countries sent delegates to sip mai tais on the beach and attend
an occasional meeting. The rich countries would have to contribute
$100 billion to a fund for developing countries. The United Nations
would control this money and administer the fund.
At that time, digging a little deeper, it turned out that Louis
Redshaw, Head of Environment Markets, Barclays Capital, was leading an
effort to issue synthetic securities to trade in carbon credits. It
was predicted that the carbon-trading market would top $1 trillion
within a decade. Readers might recall that 2007 was the year that the
subprime mortgage financial crisis was starting.
In the last 11 years since that conference, nothing has changed.
Climate change has accomplished nothing except as a financial scam.
Climate Change News and Reuters and Washington Post and Heritage
****
**** China backs out of its climate change commitments with 'bifurcation'
****
The climate change conference in Bonn that ended on Thursday
was supposed to resolve many issues, including two major ones:
finance and transparence.
When Trump pulled the US out of the Paris climate accord, there
were international cries that without the leadership of the United
States, other countries must assume leadership. The European
Union took on the role of becoming the leader of the "rich" or
developed countries, while China would be the leader of
the developing countries.
China has the 2nd largest economy in the world, and Chinese people
brag that centrally-planned economy is stronger than any other
economy in the world. China is implementing its "Belt and Road
Initiative" in countries throughout Asia by lending them money
to build infrastructure and sending Chinese workers to provide
the labor. China is spending its enormous wealth by setting
debt traps in all these countries with huge debts that they won't
be able to repay.
China is also growing into the worst climate change violator
in the world, building a new coal plant every week.
And yet, when it comes to climate change, they climb into their
pathetic loser shells and claim to be a "developing country,"
so they won't have to provide funding under the Paris accord.
So China is failing in climate change finance. What we're
seeing at the climate change conference in Bonn this last
week is that they're also failing in climate change transparency.
China is demanding that it not be held to any climate change standards
whatsoever. In return for all the money they're getting from the rich
countries starting in 2020, the developing countries are supposed to
start reducing emissions in 2020.
The issues are transparency and bookkeeping. Each country is
required to open its accounting books to prove that it's meeting
its emission reduction commitments.
But China is now demanding "bifurcation." This is a technical term
meaning that the transparency and bookkeeping rules apply only to the
rich countries, not to the developing countries.
This means that the "rich" developed countries have to pay all
the money and also meet the transparency and bookkeeping rules to
prove that they're meeting their emission commitments.
But the developing countries just have to sit back and collect money,
and claim that they're reducing emissions without having to provide
any evidence.
China can go on building a new coal power plant every week, and just
claim that it's magic coal that reduces emissions rather than
increasing them.
You know, Dear Reader, this is so completely f--ked up that it's
almost unbelievable. But that's the way the world is today. With
idiots like these running the world, it's no wonder we're headed for a
new World War. BBC and
Climate Change News and Bloomberg and Climate Change News
Related Articles
KEYS: Generational Dynamics, climate change, Paris accord,
Germany, Angela Merkel, European Union, China,
Bali Beach Resort, Louis Redshaw, Barclays Capital,
bifurcation
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
This morning's key headlines from GenerationalDynamics.com
- Climate change activists struggle to replace US climate change money
- China backs out of its climate change commitments with 'bifurcation'
****
**** Climate change activists struggle to replace US climate change money
****
Brown coal open-pit mining Garzweiler in front of a power plant near the city of Grevenbroich in western Germany, on 3-Apr-2014. (AP)
After two weeks, an international climate change conference in Bonn
Germany, attended by delegates of over 200 countries, has ended in
failure, without agreeing on the major issues of finance and
transparency.
Climate change finance has been in trouble from the beginning. The
2015 climate change conference that produced the famous "Paris Climate
Change Accord" dictated that the "rich countries" of the world
would provide $100 billion per year to the "developing countries,"
starting in 2020. Even before the election of Donald Trump, it was
highly unlikely that that requirement would be met.
However, since Trump has pulled the US out of the Paris agreement,
other "rich countries" now have to find a way to fill the gap
that was created.
As I've described many times in the past, the climate change has never
actually accomplished anything -- that is, you have leaders of one
country after another taking a holier-than-thou attitude toward the
United States about the Paris accord, but their carbon emissions go down little
if at all. In the case of Germany, where Chancellor Angela Merkel has
had the most holier-than-thou attitude of all, carbon emissions
haven't declined for nearly a decade, and have been increasing for the
last three years.
I first wrote about this subject in 2007 in "UN Climate Change conference appears to be ending in farce"
. That conference was held at a Bali Beach Resort where
159 countries sent delegates to sip mai tais on the beach and attend
an occasional meeting. The rich countries would have to contribute
$100 billion to a fund for developing countries. The United Nations
would control this money and administer the fund.
At that time, digging a little deeper, it turned out that Louis
Redshaw, Head of Environment Markets, Barclays Capital, was leading an
effort to issue synthetic securities to trade in carbon credits. It
was predicted that the carbon-trading market would top $1 trillion
within a decade. Readers might recall that 2007 was the year that the
subprime mortgage financial crisis was starting.
In the last 11 years since that conference, nothing has changed.
Climate change has accomplished nothing except as a financial scam.
Climate Change News and Reuters and Washington Post and Heritage
****
**** China backs out of its climate change commitments with 'bifurcation'
****
The climate change conference in Bonn that ended on Thursday
was supposed to resolve many issues, including two major ones:
finance and transparence.
When Trump pulled the US out of the Paris climate accord, there
were international cries that without the leadership of the United
States, other countries must assume leadership. The European
Union took on the role of becoming the leader of the "rich" or
developed countries, while China would be the leader of
the developing countries.
China has the 2nd largest economy in the world, and Chinese people
brag that centrally-planned economy is stronger than any other
economy in the world. China is implementing its "Belt and Road
Initiative" in countries throughout Asia by lending them money
to build infrastructure and sending Chinese workers to provide
the labor. China is spending its enormous wealth by setting
debt traps in all these countries with huge debts that they won't
be able to repay.
China is also growing into the worst climate change violator
in the world, building a new coal plant every week.
And yet, when it comes to climate change, they climb into their
pathetic loser shells and claim to be a "developing country,"
so they won't have to provide funding under the Paris accord.
So China is failing in climate change finance. What we're
seeing at the climate change conference in Bonn this last
week is that they're also failing in climate change transparency.
China is demanding that it not be held to any climate change standards
whatsoever. In return for all the money they're getting from the rich
countries starting in 2020, the developing countries are supposed to
start reducing emissions in 2020.
The issues are transparency and bookkeeping. Each country is
required to open its accounting books to prove that it's meeting
its emission reduction commitments.
But China is now demanding "bifurcation." This is a technical term
meaning that the transparency and bookkeeping rules apply only to the
rich countries, not to the developing countries.
This means that the "rich" developed countries have to pay all
the money and also meet the transparency and bookkeeping rules to
prove that they're meeting their emission commitments.
But the developing countries just have to sit back and collect money,
and claim that they're reducing emissions without having to provide
any evidence.
China can go on building a new coal power plant every week, and just
claim that it's magic coal that reduces emissions rather than
increasing them.
You know, Dear Reader, this is so completely f--ked up that it's
almost unbelievable. But that's the way the world is today. With
idiots like these running the world, it's no wonder we're headed for a
new World War. BBC and
Climate Change News and Bloomberg and Climate Change News
Related Articles
- UN Climate Change conference appears to be ending in farce (14-Dec-2007)
- African leaders once again furious that they won't get a climate change bonanza (18-Nov-2017)
- 175 countries sign farcical climate change agreement (23-Apr-2016)
- Artificial Intelligence and Climate Change (29-Dec-2015)
- Horse manure and climate change (23-Sep-2014)
KEYS: Generational Dynamics, climate change, Paris accord,
Germany, Angela Merkel, European Union, China,
Bali Beach Resort, Louis Redshaw, Barclays Capital,
bifurcation
Permanent web link to this article
Receive daily World View columns by e-mail
Contribute to Generational Dynamics via PayPal
John J. Xenakis
100 Memorial Drive Apt 8-13A
Cambridge, MA 02142
Phone: 617-864-0010
E-mail: john@GenerationalDynamics.com
Web site: http://www.GenerationalDynamics.com
Forum: http://www.gdxforum.com/forum
Subscribe to World View: http://generationaldynamics.com/subscribe
