Now that the Pandemic is about to be displaced, the EU is busily looking for other means to help spend Tax Dollars on behalf of the poor. Just not the poor in EU countries – the poor in poor countries – like Honduras or Guinea. All in the name of Climate Change!
The Greta infused EU is back at the drawing board creating ‘pledges’ and ‘goals’ and new guidance for reaching climate desires via and input of $425 billion per year for the next decade! Climate is NOT cheap. The previous ‘pledge’ was to reduce greenhouse gases by 40%. The new pledge is to reduce them by 55% – by 2030. Why? Because the European Commission says so.
Proposals haven’t been delineated, but the number sounds good and makes the Commission appear to be doing something when in fact they do very little. Indeed.
The virtual meeting took place at a virtual summit to discuss the virtual Paris Agreement that has changed nothing – virtually! Each nation must submit a plan called an NDC which outlines their goals and means of achieving set goals every five years. Of course this years required NDC plan will likely not be met because of the Pandemic wherein virtual goals and plans are somehow exempt – because, well it was a goal, not a real commitment…
Germany’s greenhouse emissions have actually risen since the Paris Accord from 765.9 million tons to over 805 million tons in 2019, representing an ‘increase’ of 5.2%. They have arbitrarily decided to use 1990 as a point year for reduction targets. IN 1990 Germany’s emissions were 1,003 billion tons, which gives them a head start in the attainment of the 55% goal by 20%!
Playing with numbers.
The original goal, pledge, was a reduction of 20% by 2020 at a cost of $100 billion per year. No one actually attained that goal – NDC plans weren’t provided, and the world continued onward albeit with a Greta scream meme to encourage everyone.
Meanwhile US levels have fallen to roughly 1990 levels from a peak in 2007.
Germany’s stated plan to ‘reduce’ emissions is to tax carbon at the airline level given they contribute 19% overall as compared to the power industry which contributes 44% of emissions. Of course taxing power might lead to people dying – so that’s not an option.
During the Clinton years, renewable energy use in the US virtually tanked from 11.58% to 6.78%. Of course China, which has the largest footprint of dirty emissions at nearly 30% of global greenhouse – is not a part of the Green Fund, has committed nothing, and continues to ramp up fossil fuel production. But apparently, no one seems to mind what China does.
So where has the Green Fund invested all the pledged billions to date? Mongolia, Costa Rica, Argentina, Guatemala, Latin America, Bangladesh, and unnamed islands ‘in the pacific’ among a host of other countries predominantly in Africa. None of which have much of any actual footprint to reduce. So the Green Fund isn’t actually established to help the countries contributing to emissions, it is to help obscure countries which have no emissions. Many of these projects are instead related to ‘micro-finance’ – ie, loaning dollars at usury interest rates sometimes in excess of 30-40%, ie gouging – poor countries!
Maybe Greta should manage the funds…
France is in nearly as good of shape as Germany if the base year is 1990. France has already reduced emissions by roughly 16% before leaving the gate having peaked in 1979! Despite the Paris Accord and all the pledges, emissions have actually increased in France since the Paris Accord at a rate of 1.8% per year since 2015.
Obviously the Accord has produced nothing, the goals have not been met, and the documents to show reductions have not been prepared. However, given instances of Fraud within the Green Fund, they have unilaterally decided to create the High Level Advisory Group to bring transparency to the flow of money. Given the fund is based in Korea, no financials have ever been forthcoming. Of the $100 billion per year funding goal, to date they report a total funding of just $8 billion, representing a shortage of $92 billion – 92%.
Somehow this catastrophic failure of goals and pledges and commitments and documents and funding has not deterred the European Commission from upping the ante! And in the US we face the potential of the very corrupted John Kerry being appointed to Biden’s cabinet of climate advisors putting US taxpayers into the pool of fraud. Like most of Hollywood, Kerry’s footprint alone is probably equivalent to Costa Rica. Kerry and his wife own upwards of 6 homes, 2 yachts, 12 cars and a jet plane.
Kerry, Obama and Biden all have beachfront homes valued in excess of $3 million to $15 million each, replete with heated pools – and no solar….
Should Biden manage to defraud the US election in total, expect your taxes to be paying for The Green Funds newest investment drive in such lovely places like Rwanda, Iraq, Azerbaijan, Haiti, Burundi, etc… Countries NOT on the list would include ALL EU member states, Canada, US, Australia, etc…etc…etc…