On Saturday, The Daily Caller reported that President Biden has agreed to having America pay climate reparations to the rest of the world. Yes, I know that’s not what they are calling it, but that’s what it is.
The article reports:
The Biden administration and nearly 200 world governments agreed on Saturday to a framework that would have richer countries compensate poorer nations for damages allegedly caused by carbon emissions at the United Nations COP27 climate conference, according to Reuters.
Wealthy nations will create a “loss and damage” fund that will provide money to countries that have suffered from climate-related “disasters” such as droughts or hurricanes, according to a draft proposal seen by Reuters. However, most of the details of the financial framework will be decided and agreed upon in 2023 at the next COP conference that will take place in Dubai.
In March 2016, I reported the following (article here):
“One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with the environmental policy anymore, with problems such as deforestation or the ozone hole,” said Edenhofer, who co-chaired the U.N.’s Intergovernmental Panel on Climate Change working group on Mitigation of Climate Change from 2008 to 2015.
So what is the goal of environmental policy?
“We redistribute de facto the world’s wealth by climate policy,” said Edenhofer.
The Biden administration is part of the move toward worldwide socialism. This latest giveaway of American taxpayer dollars is part of that effort.
The article concludes:
COP27 has been dominated by the debate surrounding a plan to compensate developing nations for climate damages, according to Reuters. The European Union said Thursday that it would support such a framework if China, the world’s chief polluter, would provide funding and if the money raised was exclusively earmarked for developing countries that are destitute to ensure that China did not benefit from the proposal, according to the WSJ.
After agreeing to the climate financing framework, the U.S. also called for the inclusion of a pledge to phase out all fossil fuels which would build on the 2021 agreement to “phase down” coal use, according to Bloomberg.
The White House and United Nations Framework Convention on Climate Change did not immediately respond to the DCNF’s request for comment.
This is another reason we need to vote the Biden administration out of office in 2024.