Kyoto Protocol is dead, long live the climate fund
It appears the climate meeting in Cancun has ended without much success. Unable to get an renewal of the Kyoto Protocol, which expires in 2012, the diplomats instead agreed to create a $100 billion “Green Climate Fund” that is mostly funded by the First World nations but is mostly distributed by the Third World. See the notes at 10:45 am on this blog and at 12:20 am on this blog. Key quote:
[The fund] will have 25 members of developing countries on its board, compared to only 15 for developed countries. This gives developing countries a much stronger role. The World Bank is a trustee.
The real question is whether the new Congress in the U.S. will appropriate any money at all to this scam.
It appears the climate meeting in Cancun has ended without much success. Unable to get an renewal of the Kyoto Protocol, which expires in 2012, the diplomats instead agreed to create a $100 billion “Green Climate Fund” that is mostly funded by the First World nations but is mostly distributed by the Third World. See the notes at 10:45 am on this blog and at 12:20 am on this blog. Key quote:
[The fund] will have 25 members of developing countries on its board, compared to only 15 for developed countries. This gives developing countries a much stronger role. The World Bank is a trustee.
The real question is whether the new Congress in the U.S. will appropriate any money at all to this scam.

