I’m sure that all sorts of rich Warmists and companies will be happy to pony up money for this
Bank unveils green loans plan to unlock trillions for climate finance
An innovative plan to use public money to back renewable energy loans in the developing world could liberate cash from the private sector for urgently needed climate finance.
Avinash Persaud, a special adviser on climate change to the president of the Inter-American Development Bank (IADB), who developed the proposals, believes the plan could drive tens of billions of new investment in the fledgling green economy in poorer countries within a few years, and could provide the bulk of the $1.3tn in annual climate finance promised to the developing world by 2035.
“This could be an engine for green growth, and produce the trillions needed for climate finance in the future,” he told the Guardian. “It could be a transformation.”
His ideas will be set out in detail at a UN meeting in Germany this week, kicking off negotiations for the Cop30 climate summit that will take place in Brazil this November against a worrying global background for the discussions.
Ah. So, they plan on using Other People’s money, ie, taxpayer money taken without consent by Warmist governments, to be spent elsewhere instead of for the people of those countries.
The proposals by Persaud and others to buy up loans to renewable energy projects in the developing world could allow billions of dollars of private sector cash to flood the sector, in a big boost to global climate finance.
The plan, which is being pioneered by the IADB, would involve getting taxpayer-funded development banks to buy existing loans to green projects in poor countries, which would free up investment from private sector lenders.
Such loans are relatively low risk because they are already performing – but because they are in developing countries, with credit ratings lower than those of rich states – mainstream private sector investors such as pension funds are often forbidden from touching them because of their strict rules on credit worthiness.
But if those loans are backed instead by development banks, which can provide guarantees against default, and which themselves have impeccable credit ratings, the “repackaged” loan finance can meet private sector criteria.
Hmms, sounds like a great way to spread money around as it is siphoned off, and the taxpayers will have no say in this.
Nothing like a little money laundering and bank fraud to get the green economy going.
It’s time to stop all climate insanity. Spending money will not change the climate taxing will not change theclimate money-laundering will not change the climate. CO2 is an essential gas. It is not the thermostat of earth. If you believe that, you’ve been drinking the Kool-Aid.
Trillions? The GDP of the entire world was ‘only’ $110.55 trillion in 2024.
At least we don’t have to worry about American taxpayer dollars being wasted on this, not until 2029, and hopefully long after that.
Yes! CO2 is an essential gas. Without CO2 our Earth would likely be an ice covered orb.
CO2 permitted the birth of life, the evolution of the species and the “ascent” of man!
How did such a tiny molecule accomplish all this? By absorbing infrared radiation wavelengths and warming the planet. The Earth formed some 4.6 billion years ago, a mix of solids and trapped gases such as CO2, methane (CH4), water vapor and hydrogen sulfide. Over the next half billion years or so, the nascent planet cooled and trapped gases were released, forming an early atmosphere – a methane rich, oxygen-free haze. Water was able to condense! Some three billion years ago, bluish-green microscopic organisms called cyanobacteria flourished in Earth’s oceans. Our Sun back then was only about 70% as bright as today – why didn’t the Earth freeze over? The atmosphere of methane and CO2 trapped heat as it was leaving Earth. The addition of oxygen (O2) to the sunlit atmosphere methane-rich atmosphere converted methane to CO2 and H2O (CH4 + 2O2 –> CO2 + 2H20).
Some 400 million to 300 million years ago (Carboniferous Period) Pangaea was covered with dense, swampy forests of ancient plants and the warm shallow ocean (Panthalassa) was thick with tiny plants and animals. During this period atmospheric O2 reached over 30%!
All hail, CO2! Yet today, as man increases atmospheric CO2 by burning fossil fuels formed from the great swampy forests and the tiny plants and animals in the oceanns way back when, the temperature also increases. If you don’t understand that you’ve been drinking the Denial-Aid.
I have watched how poor countries like many in Africa have bought into the climate scam with promises of huge sums of money while their biggest problem has nothing to do with climate and weather conditions but crime, corruption, fraud, abuse, mismangement and more. Those offering money will rip them off. Their politicians and their rich cronies will get richer and the masses of poor peasants become even poorer.