Nations Argue at UN Conf Over Who Will Pay For Climate Change

Nations Argue at UN Conf Over Who Will Pay For Climate Change

Orig.src.Susanne.Posel.Daily.News- 2013-11-12t162810z_1802337866_gm1e9bd016k01_rtrmadp_3_climateSusanne Posel
Occupy Corporatism
November 21, 2013



The UN Framework Convention on Climate Change (UNFCCC) in Warsaw, Poland is concluding; leaving the wealthy wondering if they will be held legally and monetarily liable for damage to the planet with the release of carbon dioxide.

A deal is aggressively being sought to control carbon emissions globally by 2015 with forced implementation by 2020.
Droughts, heat waves and super-storms are being touted as the new norm without scientific consensus. Yet the point is to divert control over global markets with the fear that this may be true.

Assisting under-developed nations such as Philippines after the recent typhoon is costing too much, according to the World Bank.

Connie Hedegaard, climate commissioner for the European Union (EU) commented : “We cannot have a system where there will be automatic compensation whenever severe weather events are happening at one place or other around the planet.”

Summations of expenses from climate change are estimated at $16.3 billion in this year alone with $10 billion having been spent from 2010 – 2012.

The Green Climate Fund (GCF) expects to direct $100 billion to developing countries; yet those nations are being admonished to provide financial applications for receipt of funds “as soon as possible”.

Developed nations refuse to make “a clear commitment” to paying for climate change. Polish representatives walked out of the meeting when compensation was discussed.

China and India have come together to pressure wealthier nations to pay for the cost of making our world impervious to climate change.

Xie Zhenhua, representative from China said: “We think we are the weaker side. They need to fulfill these commitments. They have to provide a timetable and also the size of their contribution. They should have a very clear signal to society.”

Brazilian representatives said that nations must know how much they are actually responsible … for the essential problem of climate change.”

This is compounded with refusal to review current and future emission estimates to divvy up the responsibility.

The US and the UK are teaming up to “end support for public financing of new coal-fired power plants overseas, except in rare circumstances.”

Ed Davey, energy secretary for the UK government said: “The two governments are going to work together to secure the support of other countries, and there are other countries who are already up to this… and the multilateral development banks, to adopt similar policies.”

At the last UNFCCC, climate chief Cristina Figueres recommended that it is “ironic that even though all governments agreed that the decision-making procedure needs to be discussed, they couldn’t figure out, how do they get to what they want to do?”

The purpose of these talks in Bonn, Germany, is to devise a worldwide climate change pact that all nations must adhere to beginning in 2015.

Secretary General Ban Ki-moon called to action the youth of the world to take on the job of advocating for climate change in their own country by applying pressure to their governments.

Ban said : “I am glad to have this chance to talk with you, to discuss the most important and most pressing issue which will increasingly feature in your lives and coming generations. Climate change is a threat to development, the stability of countries and economies, and the health of the planet. Extreme weather is costing trillions of dollars and endangering lives and livelihoods all around the world.”

The 2013 World Energy Outlook (WEO) report entitled “Redrawing the Energy-Climate Map” produced by the International Energy Agency (IEA) claims that China is the biggest emitter of greenhouse gases and should invest in renewable energy while mandating energy efficiency.

The IEA would like to see global compliance to 4 policies that would endeavor to control the climate and not harm economic growth of individual nations.

• Constructing and improving energy efficient buildings
• Improving industry and transport
• Limiting the use of energy wasting power plants
• Halving methane emissions
• Phasing out fossil fuel subsidies

Looking to 2020, the international community should spend $1.5 trillion to adhere to climate targets.

Prince Charles stated at the Royal Society (RS) that recent natural disasters “will become more common unless action is taken to tackle climate change.”