Saturday, November 18, 2017

Fiji cash to Polish coal

Fiji cash to Polish coal
"COP 23, the UN climate conference in Bonn, Germany, ended with a coal-powered whimper.
The point of the meeting was to write the rule book for the Paris Climate Agreement that President Obama signed the U.S. onto.
President Trump then declared that the U.S. would exit Paris and make no future payments to the UN's Green Climate Fund upon which President Obama lavished $1 billion on his way out the door.
Image result for all about the moneyParis calls for developed nations such as the U.S., Europeans, Japan, Canada and Australia to redistribute $100 billion starting in 2020.  
That doesn't seem very likely.  
China and India don't have to pay, by the way.
The island nation of Fiji chaired the COP and joined a host of poor countries in calling for the cash to start flowing.  
They wanted "accelerated payments" even before Paris begins.  
That money is, after all, the reason the poor nations signed on.
They also want the developed world to assume liability for their "loss and damage" when they experience weather-related losses.  
It is important that we never agree to pay compensation for what, in reality, are naturally occurring weather events.  
President Trump and the U.S. team were effective here in leading Europe and the rest in once again keeping loss and damage out the Paris Agreement..."
Read on!

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