In the 1st World, ‘climate change’ is all about installing Modern Socialism, about taxation, fees, and governmental control of everything, about limiting freedom and choice. In the 3rd World, it’s all about getting money out of the 1st World nations, money that has zero strings attached, because the 1st World nations “owe” it to the 3rd World ones
US, EU ‘owe half the cost’ of repairing climate damage
The United States and Europe bear more than half the cost of repairing the damage already wrought by climate change, a coalition of environmental groups said Monday.
Based on their historic greenhouse gas emissions, the US and EU should be held jointly responsible for 54 percent of funding owed to developing nations already dealing with extreme flooding, droughts and megastorms rendered more frequent and intense by global warming, the groups said.
A week ahead of a UN climate summit in Madrid — in which the controversial issue of how funding for the so-called “loss and damage” inflicted by climate change will be provided — they said the amount needed would hit $300 billion annually within a decade.
The UN Framework Convention on Climate Change, under which the 2015 Paris agreement was signed, is based on the principle that all countries must give at least their fair share in global efforts to mitigate and adapt to our changing climate.
Yeah, well, don’t expect any from the U.S. government anytime soon. Unless Warmists want to pony up their own money. Which they do not seem to like. They prefer using Other People’s money.
The groups analysed each nation’s ability to finance climate action, and compared that to its historic emissions, dating back to 1950.
It found that the US, the largest polluter in history, should contribute at least 30.4 percent of loss and damage funding.
The EU should pay 24 percent, they said, while China — the largest current emitter — was obliged to fund 10.4 percent.
Going further back to the start of the industrial age, the analysis found that the US’s fair damage funding share would be over 40 percent.
Tell you what: they can start by paying us for saving the world in WWI, WWII, and the Cold War, along with having developed a goodly portion of the things that make the world go around, including the automobile, airplane, computer, Internet, and smartphones. A simple “thank you” will suffice. And leave us alone with your scam.
