Pirate's Cove

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.

Read: Bank Has Plan To Unlock Trillions In Climate (scam) Funding »

Washington has been on the forefront of claiming to be a climate cult state….well, at least those in the big cities, which drives who wins elections there. They had an uber-Warmist governor in Jay Inslee, who’s first and only thought was what legislation could be passed. Yet

Washington’s climate pollution slow to see light of day, despite new law

For a week, NPR has been exploring various solutions to climate change, from quitting fossil fuels to putting coastal homes up on stilts.

In Washington state, it is hard to know how well climate solutions are working.

The state takes up to four years to disclose whether it is keeping its promise—and legal mandate—to slash its climate-damaging pollution.

The Washington Department of Ecology revealed statewide carbon dioxide emissions for 2020 and 2021 in January 2025, two years after its legal deadline.

The state’s next greenhouse gas inventory is scheduled to be published by December 1, 2026, to cover data from 2022 and 2023.

Legislators have dedicated more funding and passed legislation to accelerate the state’s pollution tracking, while conservative activists have sued the state over its tardy transparency.

Even so, better visibility into the state’s stubborn carbon problem is still years away.

Hmm, sounds more like it’s a slush fund they want to hide. I wonder how many of those pushing this are giving up their own use of fossil fuels.

“The reports coming out of the Department of Ecology are four years old,” said Republican state Sen. Matt Boehnke. “My bill actually just tried to speed it up to say, let’s do this annually, and let’s get more current, accurate data so we can make better decisions now.”

The Democrat-led legislature unanimously passed Boehnke’s bill to require speedier disclosures of carbon emissions — but not before pushing its requirement for annual reporting down the road five years.

“They basically hijacked my bill, frankly, and said, ‘we can’t do this.’ And I said, ‘You can,’” Boehnke told KUOW.

“From an efficiency and from a budget reduction standpoint, we really wanted to ease into the yearly reporting,” Democratic state Rep. Beth Doglio said.

It’s a slush fund.

Read: Weird: Climate Cult Washington State Being Shady On Meeting Their Targets »