These folks clearly have no concept of finance or investment, both of which expect a return, on top of repayment. They just want unbelievable amounts of free money.
'Let’s apply ‘ESG to Chinese-run firms in Africa’
It could be great fun to watch. The developing countries fighting over nothing. China refusing to pay.
Africa resists policies that promote primitive farming and energy, and making muffins out of flies.
The inclusion of "loss and damage" in the COP 27 outcome represents the thin end of the wedge. We can expect a chorus of demands for climate reparations from here on out.
These folks clearly have no concept of finance or investment, both of which expect a return, on top of repayment. They just want unbelievable amounts of free money, all in the name of a computer generated emergency.
For years CFACT has warned of plans to add "loss and damage" to the UN climate regime, making wealthy nations liable to compensate developing countries when extreme weather strikes.
At this rate of damage the global total would run around TWO HUNDRED TRILLION DOLLARS A YEAR.
"Climate-related deaths have dropped 99% in the last 100 years," but that means nothing to team climate.
The climate reparations bidding war is on. What began at $100-billion-a-year at COP-21 in Paris rapidly ballooned to $1.3-trillion on the eve of COP-27 in Sharm-el-Sheikh-Down, Egypt and now stands at $2.4-trillion annually!
The best defense against a ruinous loss and damage liability claim is our innocence.
The President falsely attributed a host of natural weather events to climate change and then went on to detail a massive laundry list of wasteful climate spending and destructive regulation.
The climate faithful clearly do not expect any dissent. There exists in Sharm el-Sheikh pervasive “climate groupthink”.
Read the entire "fact sheet" as released by the Biden Administration to the UN climate conference in Egypt.
l Gore went beyond billions, tens of billions, he's now talking four trillion dollars annually.