Posted on 06/13/2017 9:30:48 AM PDT by Oldeconomybuyer
The $10 billion Green Climate Fund that U.S. President Donald Trump said was a waste of tax dollars has fallen behind on its goals, with a biggest payout so far of just $5 million for a U.S.-led solar energy project.
Work at the international fund, which aims to help poor nations cut greenhouse gas emissions and adapt their economies to heatwaves, storms and rising seas has been slowed by legal red tape and the approval process, board members say.
More than 40 nations in 2014 promised a total of $10.3 billion to the GCF, including Obama's $3 billion.
Washington's $1 billion is the biggest single contribution so far. But Sweden's $581 million, for instance, works out as $60 per capita, against $3 per American. Japan has promised $1.5 billion.
One legal hurdle is that the GCF is associated with the United Nations but is not a U.N. agency and so its staff lack legal protection, for instance, from prosecution if projects go awry.
The fund is seeking to negotiate nation-by-nation agreements to protect its operations but has signed only about a dozen.
So far, the GCF's biggest single disbursement for a project is $5 million, to the private New York-based Acumen Fund to develop solar energy in Kenya and Rwanda. Such projects will go ahead despite Trump's decision.
(Excerpt) Read more at reuters.com ...
So far they had succeeded in spending far less than the interest on the money they collected three years ago. Apparently they don’t think global warming is a serious enough issue to bother getting around to trying to fix it.
This is how petty beaurocrats, tin pot dictators and the vile elected elite skim 50% to 90% of these funds into their pockets.
“Global Warming - Climate Change” world biggest hoax and scam.
Just like Obama causing Global Flooding by pissing in the ocean.
That much can humans contribute.
Elaborate scam to screw off taxpayers off their money!
Earth climate and changes are dependent on Sun’s and Sunspots activity supplying 99.99% of energy. Humans can do schit about it.
Volcano eruptions can produce much more distractions to climate than all humans and SUVs farting together.
CO2 is not poison, it is “food” for plants, which in turn produce Oxygen, that we need to breathe.
STOP the scam, jail all the scammers!!!
God bless and protect Mr. Trump!
MAGA!!!!
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