UN’s Climate-Change Initiative Needs Private Financing

Well, in spite of all the BS, lies and numerous climate conferences, it seems no one wants to contribute to the UN’s Climate-Change Initiative.

A fund to help channel $100 billion in climate-change aid annually to developing nations should encourage private financing instead of counting mostly on money from cash-strapped industrialized countries, Bloomberg New Energy Finance said.

Private financing? I thought sucker countries around the world were jumping to squander tax-dollars so the UN can play uncle redistribution and send that money to countries that need it like African dictatorships and rich countries like Saudi Arabia that don’t need it to begin with.

Last year, a UN panel with members such as billionaire George Soros, chairman and founder of Soros Fund Management LLC in New York, and Larry Summers, former director of U.S. President Barack Obama’s National Economic Council, said it would be “challenging but feasible” to raise at least $65 billion by taxing foreign-exchange transactions and auctioning pollution permits.

It turns out it is a challenge that not many will accept, thus making it unfeasible to say the least.

Nations won’t participate in such proposals, Liebreich said in the report. “There is simply no point in advocating global taxes on shipping, aviation and financial transactions, and/or a global carbon price, where there is zero chance of these being adopted in the current political cycle — possibly ever,” he said.

So let’s see if the big players in the climate change scam will donate some of their own dollars. People like Al Gore, George Soros, Maurice Strong and other loudmouth’s should immediately send their millions and billions to the United Nations so they can save the planet.

Meanwhile I’ll wait for President Obama to switch to the Republican Party. Something that has about as much chance of happening. More CO2 Insanity.

Source: Bloomberg

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1 Comment

Filed under Al Gore, Carbon Trading, Climate Alarmism, Climate Change, Climate Disruption, Climategate, CO2, Co2 Insanity, Global Warming, Government, Politics, United Nations

One response to “UN’s Climate-Change Initiative Needs Private Financing

  1. Ted

    Great reporting – Funny how other peoples money is so easy to spend for the socialist elite!