Climate Change

U.S. Pledges to Contribute to $100 Billion Climate Aid Fund

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climate aid image

Excitement is running through the corridors here at the Copenhagen climate change conference because Secretary of State Hillary Clinton has pledged that the U.S. will contribute to a fund that would disburse $100 billion in yearly climate aid to poor countries by 2020.

At a press conference just now, UNFCCC executive secretary Yvo de Boer welcomed the announcement, adding, however, that he is eager to know just how much the U.S. would be contributing to the fund.

The AP reports:

Clinton says that the financing is contingent on world leaders reaching a broader climate pact at the U.N. talks in Copenhagen.

She says the deal must include all major economies, meaningful actions to cut greenhouse gas emissions and a system to ensure all parties' actions are transparent.

On the point that whatever deal is reached in Copenhagen must include all major economies, China and other countries have made it clear that they will not commit to legally binding targets nor to independent auditing. The U.S. says that it can accept nothing less. Who will blink? Stay tuned.

The conference is scheduled to conclude on Friday, but everyone here expects to be here late on Saturday.

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  1. well, we do need china to spot us the cash, afterall

    1. Don’t worry we don’t need to borrow it all from China, I bet the Goldman Sachs will be willing to lend us some of our own money back, at the profit making interest rate of course

  2. “She says the deal must include all major economies, meaningful actions to cut greenhouse gas emissions and a system to ensure all parties’ actions are transparent.”

    AHHHHH-HAHAHAHAHAHAHAHAHAHAHAHAHAHA…

    :breathes:

    …HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
    HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
    HAHAHA!!!!!!!!!!!!

    That’s humor right there.

    Good luck with that.

  3. Oh great. Not only do we have to finance stupid ideas in this country, we have to do the same all over the world. What’s next, U.S. taxpayers financing “health care reform” in every other country?

  4. jk,

    Next is paying Afghan rebels not to shoot at our soldiers. Yours comes later.

    1. Suki,

      You’re right. One thing at a time.

    2. Don’t laugh Sukster, apparently, as reported this morn by Tah Fox News, the majority of Talibanites are “not ideological” and part of the latest fed money is to be used to hire these would be mercenaries.

  5. Sorry better link than that one.

    http://www.washingtontimes.com…..jobs-cash/

  6. And the kleptocrats rejoiced.

  7. U,S, Pledges to Contribute to $100 Billion Climate Aid Fund

    Commas, Ron? That might be how they disrespect us in Europe, but you’re posting on the American internets.

    1. Well, the commas have been altered to appear as periods now. It looks like Bailey used Walker’s trick to hide the downward line.

  8. $100,000,000,000? Meh, that’s tip money these days.

  9. Two thoughts:

    1) The Obama Administration cannot levy taxes to pay for this, nor can they enter the US into any kind of treaty without 66 votes in the Senate. They don’t have those votes.

    AND

    2) If they did try to tax the US specifically for the purpose of giving this money to other countries for climate change, there would be hell to pay for it here at home.

    The people won’t allow them to send $100 billion overseas in this economy without making them pay the piper.

    Personally: I just think this was HRC trying to look generous and giving while realizing that the gift she is promising is not within her power to grant. Just a lying politician making promises with other people’s money.

    1. They might try to do it like NAFTA, which was declared to be an agreement not a treaty and then they only need a majority in both houses. They never would have gotten NAFTA passed if they had needed 66 votes in the Senate. It ignores the Constitution but Washington is experienced at that.

  10. Is it just me or is that climate aid symbol oddly Christian?

    1. The symbol appears to be a play on the Red Cross which was an inversion of the Swiss Flag which probably was based on a Christian symbol.

  11. Seems I’ve read around here that developed countries shouldn’t cut emissions and use the resulting $ from economic growth to mitigate the detrimental effects of AGW on poorer countries, which are forecasted to get the brunt of it. Isn’t this a good thing, or now that it’s actually suggested you realize that the gov’t will be taking that from you (really your great-great grandkids) at gunpoint.
    heh, indeedly do

    1. Pay attention, dipshit. Nobody here suggested the government help the poorer countries. In fact, those of that argue against ag subsidies and trade restriction want the poor to be able to help themselves. You want to help the third world? Pony up the cash and have at. But don’t rob the rest of us for your concerns, and we won’t do the same to you.

  12. The Obama Administration cannot levy taxes to pay for this, nor can they enter the US into any kind of treaty without 66 votes in the Senate. They don’t have those votes.

    Let us be clear on this: climate change affects not our great nation, but the developing nations to which we have a responsibility to lead by example. In an era of unprecedented economic, political and environmental uncertainty, America must atone for its
    selfish misuse of resources and invest in our fellow nations’ environmental well being for not only our nation’s future generations but the future generations on a global scale. This accord with our brother nations in industry cannot wait and we must implement this global investment as per the global consensus.

  13. Here’s a suggestion: borrow the money from China, give it to Big Finanicial at a 0% interest rate, have them loan it to the the taxpayer at a considerable return, then funnel the money to the IMF (most Americans have no idea what that is), and finally, tell Americans it is going to feed newly born-again Christian, impoverished children.

    Or, come out and tell the people that despite a fragile phony economy, we are going to take your earnings and give it to “developing” countries for solar panels and unicorns. And hope and change for the best. We learned our lesson from the Food for Oil program. You know, we have Obama now. The evasive sagacity of 300+ million counter-balanced by the infinite wisdom of Obama. I was worried for a bit.

  14. China and other countries have made it clear that they will not commit to legally binding targets nor to independent auditing. The U.S. says that it can accept nothing less.

    Psst. Ixnay on the auditingway uffstay.

  15. We have to raise the debt ceiling again to cover this? Thought so.

  16. Giving $100 Billion to third world kleptocrats is such a brilliant idea.

    I mean giving billions in the past has paid of so handsomely hasn’t it.

  17. Next is paying Afghan rebels not to shoot at our soldiers.

    Why not, it worked pretty well with the Sunni rebels in Iraq.

    Of course, the Afghan rebels wouldn’t be able to shoot at our soldiers if they weren’t there. Maybe that’s something everyone should start thinking about.

  18. ” Secretary of State Hillary Clinton has pledged that the U.S. will contribute to a fund that would disburse $100 billion in yearly climate aid to poor countries by 2020.”

    Hillary has no Constitutional authority to commit the U.S to any such thing and neither does Obama.

    1. Oh, Gilbert, you’re so cute when you’re angry.

  19. A 100 Billion is worth the same as 5 bucks back in 1975.

    I wonder how many on the hill would agree with that?

  20. If we’re talking about net income, isn’t the US one of those poor countries?

  21. Clinton says that the financing is contingent on world leaders reaching a broader climate pact at the U.N. talks in Copenhagen.

    She says the deal must include all major economies, meaningful actions to cut greenhouse gas emissions and a system to ensure all parties’ actions are transparent.

    “Fuck you, not a penny from us” would have had the advantage of brevity.

  22. Could you give us an update on the ice sculpture of the polar bear that is supposed to be melting? Has it melted? If so, how, given the cold weather? Are they sneaking out at night with hair dryers?

  23. It’s payment time,
    But the debts have not been paid.
    In Africa, they welch on us,
    So let’s have them flayed.

    When it comes time for spending,
    We can ill afford the dough;
    Get your hands around their throats,
    And strangle them!

    Well, fair is fair:
    They are the evil ones.
    For their people, it’s hard;
    Tyrants have all the guns.

    There’s a lake outside of Heaven
    And it’s prepared for racketeers
    Who keep our foreign aid flowing while
    They shed crocodile tears.

    And the raging fire that burns there
    Is prepared for singers too;
    Keep provoking God,
    He might be damning you.

    So ignore Geldorf and all
    This stupid Live 8 tripe;
    Let’s stuff a nuke
    Up Mugabe’s tailpipe.

    (Oh…)

    The music really blows,
    And the blood like water flows.
    Let’s rake all
    these jerks across the coals!

    To U2, send them coal for being dumb,
    Mugabe, here’s a bomb for you, you scum!
    Let’s rake all
    these jerks across the coals!

    [A brief and crummy instrumental follows.]

    “OK, well this is Bono here, the old white guy from U2
    ostentatiously denouncing war and poverty and hunger again.
    What a wonderful person I am!”

    “Hello, this is Michael Jackson.
    I’m sorry I can’t be with you this time, kids.
    Hee hee hee!”

    “Hi, this is Dave Gilmour from Pink Floyd.
    Our group’s album sales are way up.
    Keep your hands off our stack, Jack!”

    “I’m Slash from Velvet Revolver. We’re all old white guys too, Bono.”

    “Hello, this is Youssou N’Dour.
    I am the only actual African man here. Do you people even know who I am?
    There is nothing we can do for you, my African brothers. You are hosed.”

    “Hello, hello, this is Elton John. I’m being a jerk. Like, I am so drunk!
    Hello, this is Elton John. Hello, this is Elton John. I’m being a jerk.
    Like, I am so drunk! Uh, what am I saying? Whatever. I’m gay!”

    “This is Joss Stone. I’m not a Spears clone, I swear!
    Did you know that under Mugabe, millions of people in Zimbabwe are starving?
    We’re not going to do anything about it, though.”

    “This is Chris Martin from Coldplay.
    I am a sensitive rock star. My songs are important.
    I have an incredible talent: I can walk backwards.
    Buy our albums, you fat greedy American capitalists!”

    “Hello, this is Tom Chaplin from Keane. Please buy our albums. Please.”

    “This is Francis Healy from Travis. Buy our albums!”

    “Hello, I’m Madonna. Are you [bleep]ing ready, London!?”

    “Hello, I’m Ms. Dynamite. I’m [bleep]ing ready, Madonna!”

    “We Scissor Sisters are [bleep]ing ready for anything, Madonna.”

    “Yo, this is Snoop Doggy Dogg! Buy me, you Union Jack-offs!
    I need a big booty ho and some bling bling.”

    “I’m Annie Lennox. Next concert, I swear we’re going to have some
    live cows right up on the stage with us. Don’t ask why.”

    “This is Robbie Williams, and I need a new gig,
    so please watch me at Live 8. Come on, girls,
    am I sexy or what?”

    “This is Sting. Christmas comes in July this year.
    Suicide bombers love their children too.
    Please give a thought to all of us washed-up
    old white guys and buy our albums, however crappy,
    to keep our cocaine supplies steady. Cheerio!”

    “This song was never recorded at all because it’s just a silly parody.
    It’s now 9:20 in the morning of July 12th.
    The death count from the terrorist attacks
    here in London currently stands at 52.
    Now, stop paying attention to important things,
    and pay attention to us instead.
    I’m Bob Geldorf. If you give each of us a million dollars,
    maybe we’ll finally shut up and retire. Think about that. Bye.”

    Bleed the jerks!
    Rake them all across the coals this time!
    Bleed the jerks!
    Rake them all across the coals this time!
    Bleed the jerks!
    Rake them all across the coals this time!
    Bleed the jerks!
    Rake them all across the coals this time!
    Bleed the jerks!
    Rake them all across the coals this time!
    Bleed the jerks!
    Rake them all across the coals this time!
    Bleed the jerks!
    Rake them all across the coals this time!
    Bleed those jerks!
    Rake them all across the coals this time!
    [etc.]

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