Submitted by Hardscrabble Farmer
Climate fund for poor nations vows to drive green COVID recovery
BARCELONA, Aug 22 (Thomson Reuters Foundation) – The Green Climate Fund has promised developing nations it will ramp up efforts to help them tackle climate challenges as they strive to recover from the coronavirus pandemic, approving $879 million in backing for 15 new projects around the world.
At a four-day virtual board meeting ending late Friday, the fund added Afghanistan and Sudan to a list of more than 100 countries receiving a total of $6.2 billion to reduce planet-heating emissions and enhance climate resilience.
The Green Climate Fund (GCF) was set up under U.N. climate talks in 2010 to help developing nations tackle global warming, and started allocating money in 2015.
Executive Director Yannick Glemarec said the fund had “a key role to play to maintain climate ambition in the era of COVID-19” and would aim to improve the speed and efficiency of its response to developing country needs.
Board co-chair Nauman Bashir Bhatti, from Pakistan, said climate finance would be crucial for recovery from the pandemic and the fund needed to increase support “even during these difficult times”.
Those promises came as small island states criticised the pace and size of GCF assistance, saying they were now struggling with the economic blow from the pandemic on top of climate change impacts such as rising seas and stronger storms.
Fiji’s U.N. Ambassador Satyendra Prasad said COVID-19 risked worsening the already high debt burden of small island nations, as tourism dived.
“The importance of the (GCF) … in accelerating transformative climate action in this present decade cannot be understated,” he added.
He told the Thomson Reuters Foundation island nations were struggling to access other sources of finance and urged the GCF to boost aid to help them prepare project proposals and to release funding for approved projects faster.
The Alliance of Small Island States said its members represented less than 10% of total funding requests.
JOB CREATION
The GCF this week approved three new projects for island nations, including strengthening buildings to withstand hurricanes in Antigua and Barbuda, and installing solar power systems on farmland on Fiji’s Ovalau island.
It also gave the green light to payments rewarding reductions in deforestation in Colombia and Indonesia between 2014 and 2016.
But more than 80 green groups issued an open letter ahead of the meeting opposing such funding.
They said deforestation had since spiked and countries should not be rewarded for “paper reductions” in carbon emissions calculated from favourable baselines.
Liane Schalatek, who leads climate finance work for the Heinrich Böll Foundation North America, said the fund should take a hard look at whether the forest emission reductions it is paying for would be permanent.
It should also ensure the funding protects and benefits forest communities and indigenous people, she told the Thomson Reuters Foundation.
Other new projects included one for zero-deforestation cocoa production in Ivory Coast, providing rural villages in Senegal and Afghanistan with solar mini-grids, and conserving biodiversity on Indian Ocean islands.
The fund said initiatives like these would create jobs and support a green recovery from the coronavirus crisis.
The board also accepted Senegal’s La Banque Agricole and the United Nations Industrial Development Organization as partners that can implement projects with fund money.
But Japan’s Sumitomo Mitsui Banking Corporation (SMBC) put its accreditation application on hold after campaigners argued the GCF should not work with a company that lends to developers of coal-power plants, though it has ruled out backing new ones.
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All these “projects” are is taking tax payer dollars and giving them to BS companies who’s owners are donors to whatever political hack cooked up the scheme.
That’s it.
The laundry list of failed “green” project which costs taxpayers millions of dollars is quite astounding:
https://www.weaselzippers.us/127128-list-the-36-obama-funded-green-energy-failures/
No one seems to care.
Yes, the technology is there to supply us with some “green” energy, but it should be supplemental at best and by choice always.
In my neck of the woods, my town signed up EVERY SINGLE RESIDENT WITHOUT THEIR PERMISSION to a “green” supplier through National Greed.
My bill almost doubled. I looked at the “supplier” that I did not choose and thought WTF?
So I called them. The customer service rep was polite but explained that the entire town was signed up, as if that made it Ok. I told her to take me off immediately, which they did. Yet lo and behold, three months later, I was back on with them.
So another call, and this time I was not pleasant and understanding. I told them to take me off and if I ever saw I was signed up with their service again, I would sue.
I would imagine there is some unrevealed kick-back somewhere, probably in significantly reduced rates to the town’s usage rates while the rest of us pay more.
I also wonder how often this happens and how many people don’t know.
So it’s not just the big companies grifting us out of tax dollars, it’s on every damn level.
Particularly, elderly are vulnerable to these schemes, where they are promised low fixed rates, which end up being teaser rates and then sky rocket
“In states with competitive energy markets, your familiar utility still delivers electricity or gas into your home but a different company called a “supplier” generates or provides that energy. A Massachusetts report found that citizens who switched to alternative power suppliers paid nearly $177 million more between 2015 and 2017 than they would have if they had stuck with their old-fashioned utility. That’s about $226 more per household per year. That’s why Massachusetts Attorney General Maura Healey is calling for an end to the competitive energy market in her state” Washington Post 7/12/2018
That’s a lot of cheese, especially if you’re on a fixed income.
Never expect the truth from these clowns…….ever. We are here to pay the bills….plain and simple.
There is a reason why decentralized power generation was never part of anyone’s plan. It is the same reason why every power company is either publicly-owned or a government-protected monopoly. If you control the power, you control the population.
There it is in a nutshell..the green scam is just a redistribution scheme of money.
If government is behind it, it will always be that way.
It’s a redistribution scam, a graft and corruption scam with major kickbacks to the corrupt bureacrats and politicians. It’s alsoa means for the IMF and other central banks to grab even more resources. Carbon exchanges? We are being hit with several massive scams on a global scale, Covid being the major vehicle to cement the police state that will be necessary to finalize the NWO.
The riots and the BLM/Antifa violence are reminiscent of the Arab Spring and the Maidan in Ukraine with regime change as the ultimate goal.
Sadly, we live in very interesting times and anyone who thinks there’s going to be a return to ‘normalcy’ is fooling themselves. When you have the media and pundits and politicians allpromoting the ‘new normal’ you had better realize you’re being softened up for some serious authoritarianism.
“It’s alsoa means for the IMF and other central banks to grab even more resources. Carbon exchanges?”
Exactly! Great point. Designed to create a market wherein few profit at the expense of many and the traders themselves get rich by trading a made up thing of no actual value (i.e. pixie dust, monopoly money, etc). It isn’t that there’s a thing of value that needs an organized market, it’s the market itself that’s the money-making scheme … not whatever gets traded on it. Make believe markets for make believe things to create real profit for those in control of the market. If it were a real thing that people found value in, there’d be no need to create an “exchange”, … it would already exist.
Funny how “environmentalists” forget it was the widespread use of coal that stopped the wholesale deforestation of northern Europe. Oil saved the whales too as kerosene replaced expensive whale oil as a smokeless illuminant. But in the end these “foreign aid” projects are just well placed bribes meant to get votes at the UN to further destroy the western world, weaken national sovereignty across the globe, and facilitate the imposition of World Government. And we have most of our leaders on both sides of the same coin lining up to serve their future masters. They just can’t seem to find a big enough bus yet to throw us all under.
Here in Michigan, Detroit Edison (DTE) is offering a “free” programmable thermostat, ostensibly to help save energy. Buried in the fine print of the agreement is that upon receipt of the thermostat you agree to “time-of-day” pricing for electricity. Large commercial customers have been under time-of-day pricing for some time, but with the advent of “smart meters” it has been possible to meter time-of day electricity pricing to residences as well. Giving up the “flat rate” for electricity is seldom worth it.
In Illinois they let assholes associated with commie groups like ACORN go around trying to sell “discount gas or electric.” They just go on the futures market and buy X amount of natgas or kilowatt hours. The dirty secret is that if they exceed the amount in their contracts they are allowed to go on the spot market to cover the shortfall. Prices for natgas tripled a couple of years ago for those on these city approved and encouraged discount plans because they didn’t buy enough futures contracts. Our local nimrods are bad enough. One can only imagine how messed up it might be in some of the crackpot Dem towns burning right now. I’m surprised they aren’t fining people whose buildings are burned for pollution.
Nice points all, but, but…RISING SEAS!!!!!!
And the Obama’s buying beachfront property.