Interesting article on the problems with the Paris Summit:
https://informthepundits.wordpress.c...hina-syndrome/
excerpt:
Quote:
Paris has two primary goals:
- Fashion INDCs into national commitments for reducing global emissions
- Establish a $100 billion/year Green Climate Fund
The second item is tied to the first. The developed nations are obligated to contribute $100 billion/year into a fund to pay for the climate damages they created. The INDCs of poorer emerging nations include what’s needed to mitigate climate change damages caused by the developed nations’ emissions. Sounds fair enough.
For example, UN-defined developed nations, Greece and Liechtenstein, are obligated to contribute to the $100 billion/year fund. The UN-defined poor emerging nations, China and Saudi Arabia, can draw from that fund to pay for climate change damages.
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China and Saudi Arabia, poor???So we will be paying to Saudi Arabia....sounds fair....a country that is determined to ruin our industry.
Quote:
China, the world’s largest polluter, creates nearly 1/3rd of the world’s greenhouse emissions. China burns half the world’s coal. What China does determines if meaningful emissions reductions can be achieved....
Since 1990 China has increased its greenhouse emission by 305 percent. Just since 2005 China has increased its emissions by 72 percent, according to data from the Global Carbon Project.
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Without China committing to meaningful reductions, I've got to ask, why should we destroy our industry AND contribute to a fund that gives money to China and Saudi Arabia?