Thursday, October 28, 2021

Climate 102, Climate money expectation, from $100 B/year to trillion+ per year

The expected climate money based on the UN climate meeting 2015, the "Paris Agreement" was $100 B a year starting 2020 to 2025 or so. Now only two months to 2022 and this is not yet happening.

And the big price of dishonesty by the UN, the multilaterals, rich countries and their NGOs, climate academics etc -- they painted big scare, big alarm about the climate. Now the poorer countries want big money, big trillions from them.

Lessons: (1) Climate dishonesty invites climate extortion; and (2) No climate emergency. Really.
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To Strike a Climate Deal, Poor Nations Say They Need Trillions From Rich Ones
By Matthew Dalton  Oct. 18, 2021 10:40 am ET
https://www.wsj.com/articles/to-strike-a-climate-deal-poor-nations-say-they-need-trillions-from-rich-ones-11634568010

"At a July global climate gathering in London, South African environment minister Barbara Creecy presented the world’s wealthiest countries with a bill: more than $750 billion annually... India says its climate-change plan alone will cost more than $2.5 trillion through 2030..."
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Public debt/GDP ratio of G7 countries, 2019 and 2020, in %:

Germany: 59.7, 69.8.
UK: 84.4, 92.2.
Canada: 86.8, 118.
France: 97.6, 116.
US: 107, 128.
Italy: 135, 156.
Japan: 238, 266.

These rich countries are already burdened with huge public debt and do not have big resources to cover for huge climate money expected by the developing countries.

For the PH, the government climate budget/spending is 2020 P184 B, 2022 P284 B.
Excluding climate spending of LGUs.

Now Congw and former Senator Loren Legarda, perennial climate traveller, mother of Leandro Leviste with huge solar power businesses, wants more climate money from rich countries taxpayers, and more climate money from PH taxpayers, 

Funding seen insufficient to meet climate commitments
October 26, 2021 | 8:13 pm
https://www.bworldonline.com/funding-seen-insufficient-to-meet-climate-commitments/.

More climate money means they will fight less rain and more rain, less storms and more storms, less cold and more cold, less cats and more cats. Whatever weather and climate, they jus want more money. Which directly benefits themselves, their friends and families. Ayos, save the planet.

UN Climate Change Conference Reportedly Using Diesel Generators To Charge Teslas Being Used As Shuttles
BY TYLER DURDEN     SATURDAY, OCT 16, 2021 - 01:00 PM
https://www.zerohedge.com/markets/un-climate-change-conference-reportedly-using-diesel-generators-charge-teslas-being-used

UK Energy Suppliers Face ‘Massacre’ Amid Soaring Gas Prices
By Tsvetana Paraskova - Oct 21, 2021, 9:00 AM CDT
https://oilprice.com/Energy/Energy-General/UK-Energy-Suppliers-Face-Massacre-Amid-Soaring-Gas-Prices.html

"More than a dozen power suppliers in the UK have exited the retail energy market in recent weeks

The UK has a so-called Energy Price Cap in place, which protects households from too high bills by capping the price that providers can pass on to them, but which additionally burdens energy providers."

Meanwhile, one data about the current La Nina.

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See also: 
Climate 99, Cooling trend, virus alarm and climate alarm, April 15, 2021 
Climate 100, Marc Morano lecture, May 12, 2021
Climate 101, Degrowth and Darkness Economics, Fr. Villarin lecture, May 15, 2021.

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