Seriously, are we out of our collective freaking minds? After all the good news stories recently, it has to be spoiled by this.
Here’s what the Green Climate Fund is all about:
The Fund will contribute to the achievement of the ultimate objective of the United Nations Framework Convention on Climate Change (UNFCCC). In the context of sustainable development, the Fund will promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change, taking into account the needs of those developing countries particularly vulnerable to the adverse effects of climate change. The Fund will be guided by the principles and provisions of the Convention.
In other words, it is essentially guided by the alarmists of the IPCC, with all their fudged data, hysterical crystal-ball gazing and scaremongering nonsense. And we are handing over $200 million? That would pay for an awful lot of nurses, policemen and teachers. We must be insane:
The Federal Government has announced it will contribute $200 million to an international fund designed to help developing nations tackle climate change.
Foreign Minister Julie Bishop announced the funding at the United Nations Climate Change Conference in Lima, Peru.
The money, which will be paid over four years from Australia’s aid program, will go to the UN’s Green Climate Fund (GCF), which aims to fund projects in poorer countries.
“Our pledge to the Green Climate Fund will facilitate private sector-led economic growth in our region … with a particular focus on investment, infrastructure, energy, forestry and emissions reductions,” Ms Bishop told the conference.
“I welcome the fact that participating countries have delivered on undertakings to capitalise the Green Climate fund and with Australia’s contribution have reached a significant total in excess of $10 billion to date.
“It is now contingent on all of us to make sure the Green Climate Fund funds are distributed efficiently, transparently and to maximum effect.”
I think I need to have a lie down…