Rich Nations Vowed Billions for Climate Change. Poor Countries Are Waiting.

The New York Times ^ | September 9, 2018 | By Mike Ives

[Oldeconomybuyer]

HONG KONG - When industrialized nations pledged in 2009 to mobilize $100 billion a year by 2020 to help the poorest countries deal with climate change, it won over some skeptics in the developing world who had argued that rich nations should pay up for contributing so much to the problem.

But the money has been slow to materialize, with only $3.5 billion actually committed out of $10.3 billion pledged to a prominent United Nations program called the Green Climate Fund. President Trump’s decision last year to cancel $2 billion in promised aid did not help.

“The fund of hope is becoming a fund of hopelessness,” said Meena Raman, legal adviser to the Third World Network, an advocacy group in Malaysia, and a former nonvoting member of the Green Climate Fund’s board.

“The lack of real money coming through is really undermining trust in the negotiations” around how to put the Paris accord in place, said Brandon Wu, the director of policy and campaigns at ActionAid USA, an advocacy group that monitored the Bangkok meeting. “That’s a big part of the logjam.”

The Green Climate Fund was designed to help developing countries prepare for climate disasters and develop low-fossil-fuel economies. It was part of a larger plan, led by Hillary Clinton, as secretary of state in 2009, to put together $100 billion a year for poor economies through a combination of government contributions and private investments.

Many academics see contributions to the fund by wealthy countries as a moral imperative, arguing that the developing world is most vulnerable to the effects of climate change but least responsible for causing them.

[bkopto]

industrialized nations pledged in 2009 to mobilize $100 billion a year by 2020 to help the poorest countries deal with climate change,

What a scam. What idiots organized these bribes to the Sh!t-holes?

They should ring up Tom Steyer for the cash- that pedo creep is a True Believer. Ring up the Sulzberger family also.

These leftist, globalist liars and tyrants won't put their money where their mouth is.

[Myrddin]

Global warming is a hoax concocted to justify fleecing the US taxpayer and destroy the US economy. Having recognized that reality, we're not going to play. That fantasy can go on the ash heap. Solve your own problems...they are not our problem.

[Buckeye McFrog]

Translation: The EEEEEEEEEVIL Trump stopped payment on their check, and the Euros are nothing but a bunch of welchers.

[dead]

It was part of a larger plan, led by Hillary Clinton, as secretary of state in 2009, to put together $100 billion a year for poor economies through a combination of government contributions and private investments.

The grift fell apart when she lost the election.

[dhs12345]

Trump does seem to be a problem for leftist, socialist, communist, tyrants but we like that.

These people do not have US middle class taxer’s back and will all happily sell us down the road.

[FLT-bird]

Well gosh.....the Yurps are such big fans of the Paris Agreement and all. They were sure quick to whine when President Trump withdrew. So, why haven’t they ponied up the cash they promised? It’s almost as if they were just virtue signaling, had no intention of ever keeping their promises and just wanted Uncle Sugar to bankroll the whole scheme.

But of course we KNOW this can’t be true since they’re so righteous and pure. Just ask them.

[LostPassword]

It wasn’t only “rich nations” who vowed billions. Obama and Hillary may have personally vowed billions. They didn’t didn’t get the senate to approve a treaty or congress to appropriate funds. So the US did not vow to pay anything. If Obama and Hillary vowed money would be paid, maybe they can hit up their buddies at google, facebook, and twitter to cover their promises.

[seowulf]

Rich Nations Vowed (the United States would pay) Billions for Climate Change. Poor Countries Are Waiting.