Skip to comments.UN panel: New taxes needed for a climate fund
Posted on 08/06/2010 9:11:29 AM PDT by goldendays
UN panel: New taxes needed for a climate fund By ARTHUR MAX (AP) 23 hours ago BONN, Germany
Carbon taxes, add-ons to international air fares and a levy on cross-border money movements
are among ways being considered by a panel of the world's leading economists to raise a staggering $100 billion a year to fight climate change.
British economist Nicholas Stern told international climate negotiators Thursday that government regulation and public money also will be needed to create incentives for private investment in industries that emit fewer greenhouse gases.
In short, a new industrial revolution is needed to move the world away from fossil fuels to low carbon growth, he said. "It will be extremely exciting, dynamic and productive," said Stern, one of 18 experts in public finance on an advisory panel appointed by U.N. Secretary-General Ban Ki-moon. A climate summit held in Copenhagen in December was determined to mobilize $100 billion a year by 2020 to help poor countries adapt to climate change and reduce emissions of carbon dioxide trapping the sun's heat.
But the 120 world leaders who met in the Danish capital offered no ideas on how to raise that sum $1 trillion every decade prompting Ban to appoint his high-level advisory group. The Copenhagen summit also resolved to mobilize a three-year emergency fund of $30 billion starting this year.
(Excerpt) Read more at google.com ...
Ban-ki-moobat will exempt illegals and their $ sent home.
Ban-ki-moonbat will exempt illegals and their $ sent home.
All democrats and fake republicans and the U.N. need to find new jobs,The U.N. is like the Obama administration spend spend spend tax tax tax.
government take you and your FAMILY money and give it to the world
I need to institute a scratching my ba**s fund.
to punish the rich nations by seizing and redistributing their wealth by means of taxation
Whoever runs in 2012 and promises to CUT US OFF from the U.N. and I KNOW MEANS IT; WILL GET MY VOTE!
FEED America! HELP THE HOMELESS IN AMERICA! Then donate to world hunger in a way that we know the starving kids will get it.
Shorebank Legacy: Microfinance Under the Microscope
by Central Illinois 9/12 Project
As the Central Illinois 9/12 Project has briefly written about in the past, one form of banking in which Shorebank is engaged is microfinance, especially in foreign countries. As this is not a type of finance that is well known to the general public, we will discuss briefly what microfinancing is, how it is used in conjunction with green initiatives and Sharia law, and how Shorebank is using this type of financing in their banking processes.
The Consultive Group to Assist the Poor (CGAP) defines microfinance as simply the supply of loans, savings, and other basic financial services to the poor. These loans are generally relatively small, but carry with them a high interest rate due to costs incurred by defaulting on loans and the transaction costs that are disproportionate to the size of the loan. (The cost of manpower and other factors needed to make the loan are the same regardless of the size of the loan thus for smaller loans, the percentage of these costs in relation to the amount of the loan is greater.) Specifically, the microfinancing industry enables people to receive loans when they would not otherwise be able to do so, whether due to poverty, lack of a bank account, inability to provide collateral, and/or inability to prove employment. In 2007, there were 873 microfinance institutions worldwide serving more than 133 million loan recipients.
Microfinance was initially, and oftentimes still is, aimed at providing loans and opportunities to those who otherwise may not have the funds to get a business off of the ground, but microfinance is sometimes tied into other things such as green initiatives. Shorebank, a community development bank whose practices the Central Illinois 912 Project has highlighted before, is a partner in an eco entrepreneurship through a project called Yurtcozy. This initiative allows individuals to offset their carbon footprint by buying carbon credits which enable a microfinance loan recipient to receive funding for things such as energy efficient appliances and solar lighting. It may also finance education on clean energy for microfianance recipients and partnerships in green initiatives. Yurtcozy asserts that if the carbon credit purchases were made for all microfinance loan recipients worldwide, then loan recipients could decrease their carbon emissions by 260 million tons, and thirty percent of their income would be unlocked.
One of Shorebanks first forays into microfinance was through the establishment of Grameen Bank in Bangladesh in 1983. Grameen Bank was founded by Mohammed Yumus, a Noble Peace Prize Recipient in 2006 and 2009 recipient of the Congressional Medal of Freedom from President Obama. Yumus description of the features of Grameencredit includes stating that credit is a right, and its built on trust (i.e., social justice in banking.)
Additionally, Yumus asserts:
Grameen believes that the poverty is not created by the poor, it is created by the institutions and policies which surround them. In order to eliminate poverty all we need to do is to make appropriate changes in the institutions and policies, and/or create new ones. Grameen believes that charity is not an answer to poverty. It only helps poverty to continue. It creates dependency and takes away individuals initiative to break through the wall of poverty. Unleashing of energy and creativity in each human being is the answer to poverty.
Additionally, a Yumus biographer in a 1997 Washington Post piece, states that [m]icrocredit not only liberates the poorest of the poor from hunger, it liberates them, and us, from fanatical extremists. These fanatical extremists were Muslims who did not see fit that Muslim women should received microfinance loans. The author later asserts that support of microfinance is necessary in order to stop pariah states exporting terrorism.
Microfinancing, through Shorebank, is also at work through a $80 million program through the United States Agency for International Development (USAID) called Agriculture, Rural Investment and Enterprise Strengthen Program (ARIES). This program was created in 2006, and its initial success was due to the system adapting for Afghans eager to enter the financial system but unwilling to compromise their religious beliefs. The mechanism under which this microfinancing system was instituted dealt with Sharia-compliant (that is, compliant with Islamic law) banking practices. Such practices mean that no interest can be charged for these financial services. The efforts of USAID in conjunction with Shorebank and other entities have provided loans to 44,000 people in Afghanistan while remaining compliant with Sharia principles. You can read the USAID document describing the program by clicking on this link:
ARIES and Microfinance (document uploaded on Scribd)
Microfinancing, in its goal to provide financial services that the poor would not otherwise have, is often piggybacked with social agendas such as green initiatives, social justice, and religious issues. Are the recipients of such loans being taken advantage of in order to advance a green agenda? Is microfinancing a mechanism that allows Sharia law to continue to work its way into the worlds financial system? While assistance to the poor is a noble goal, are some mechanisms used to provide it promoting a social/political/religious agenda
Let the UN get it from the Chinese. They are the only ones with money in the bank, the so-called “developed countries” having spent themselves into bankruptcy by funding worthless money pits such as the UN.
The advisory panel is chaired by the prime ministers of Norway and Ethiopia and the president of Guyana. Its members include French Finance Minister Christine Lagarde, White House economic adviser Lawrence Summers, billionaire financier George Soros and public planners from China, India, Singapore and several international banks.
If you can’t trust George Soros , public planners from China, India, Singapore and several international banks, who can you trust?
ping to malignant parasitism...
They don’t intend to “redistribute” so much as they intend to set up a global tax scheme to fund a UN Military.
the government want to cut Healthcare from the AMERICA people
Social Security ,let start with foreign Aid ,did you know that they did an audit of the dept. of education the only time they have ever been audit and they could not account for 70% of their budget.And they did the IRS too and they could not account for 66% of their budget.I say let’s hire an independent auditor and audit every dept. in our evil government.
My first question is "has this person Stern ever met a payroll or created a job?" If not, just go away you're being annoying.
The UN can kiss my 100 percent American Arse. They are NOT a representative government. For that matter, they are not even a government. So piss off!
We, in the United States, your host nation, understand your need for additional tax money to fund more Global Warming scams and hoaxes. I know that you haven’t noticed the following fact because your heads are jammed so far up your nether regions (where the sun don’t shine, in case you are lost!) but, thanks to the Kenyan imposter, America (your host nation) has been spent broke.
Please take your tin cup and dog and pony show elsewhere. We’re out of money, out of patience with scammers and tax grabbers and you are on our last nerve. I wouldn’t push this too far.
Have a good day.
Too bad! No more Yankee dollars. The UN seeks to turn the US and Europe into 3rd world countries and third world countries into 4th world countries.
All for the cap n’ trade hoax....
TEN MYTHS of Global Warming
MYTH 1: Global temperatures are rising at a rapid, unprecedented rate.
FACT: Accurate satellite, balloon and mountain top observations made over the last three decades have not shown any significant change in the long term rate of increase in global temperatures. Average ground station readings do show a mild warming of 0.6 to 0.8Cover the last 100 years, which is well within the natural variations recorded in the last millennium. The ground station network suffers from an uneven distribution across the globe; the stations are preferentially located in growing urban and industrial areas (”heat islands”), which show substantially higher readings than adjacent rural areas (”land use effects”).
There has been no catastrophic warming recorded.
MYTH 2: The “hockey stick” graph proves that the earth has experienced a steady, very gradual temperature increase for 1000 years, then recently began a sudden increase.
FACT: Significant changes in climate have continually occurred throughout geologic time. For instance, the Medieval Warm Period, from around 1000 to1200 AD (when the Vikings farmed on Greenland) was followed by a period known as the Little Ice Age. Since the end of the 17th Century the “average global temperature” has been rising at the low steady rate mentioned above; although from 1940 1970 temperatures actually dropped, leading to a Global Cooling scare.
The “hockey stick”, a poster boy of both the UN’s IPCC and Canada’s Environment Department, ignores historical recorded climatic swings, and has now also been proven to be flawed and statistically unreliable as well. It is a computer construct and a faulty one at that.
MYTH 3: Human produced carbon dioxide has increased over the last 100 years, adding to the Greenhouse effect, thus warming the earth.
FACT: Carbon dioxide levels have indeed changed for various reasons, human and otherwise, just as they have throughout geologic time. Since the beginning of the industrial revolution, the CO2 content of the atmosphere has increased. The RATE of growth during this period has also increased from about 0.2% per year to the present rate of about 0.4% per year,which growth rate has now been constant for the past 25 years. However, there is no proof that CO2 is the main driver of global warming. As measured in ice cores dated over many thousands of years, CO2 levels move up and down AFTER the temperature has done so, and thus are the RESULT OF, NOT THE CAUSE of warming. Geological field work in recent sediments confirms this causal relationship. There is solid evidence that, as temperatures move up and down naturally and cyclically through solar radiation, orbital and galactic influences, the warming surface layers of the earth’s oceans expel more CO2 as a result.
MYTH 4: CO2 is the most common greenhouse gas.
FACT: Greenhouse gases form about 3 % of the atmosphere by volume. They consist of varying amounts, (about 97%) of water vapour and clouds, with the remainder being gases like CO2, CH4, Ozone and N2O, of which carbon dioxide is the largest amount. Hence, CO2 constitutes about 0.037% of the atmosphere. While the minor gases are more effective as “greenhouse agents” than water vapour and clouds, the latter are overwhelming the effect by their sheer volume and in the end are thought to be responsible for 60% of the “Greenhouse effect”.
Those attributing climate change to CO2 rarely mention this important fact.
MYTH 5: Computer models verify that CO2 increases will cause significant global warming.
FACT: Computer models can be made to “verify” anything by changing some of the 5 million input parameters or any of a multitude of negative and positive feedbacks in the program used.. They do not “prove” anything. Also, computer models predicting global warming are incapable of properly including the effects of the sun, cosmic rays and the clouds. The sun is a major cause of temperature variation on the earth surface as its received radiation changes all the time, This happens largely in cyclical fashion. The number and the lengths in time of sunspots can be correlated very closely with average temperatures on earth, e.g. the Little Ice Age and the Medieval Warm Period. Varying intensity of solar heat radiation affects the surface temperature of the oceans and the currents. Warmer ocean water expels gases, some of which are CO2. Solar radiation interferes with the cosmic ray flux, thus influencing the amount ionized nuclei which control cloud cover.
MYTH 6: The UN proved that manmade CO2 causes global warming.
FACT: In a 1996 report by the UN on global warming, two statements were deleted from the final draft. Here they are:
1) None of the studies cited above has shown clear evidence that we can attribute the observed climate changes to increases in greenhouse gases.
2) No study to date has positively attributed all or part of the climate change to manmade causes
To the present day there is still no scientific proof that man-made CO2 causes significant global warming.
MYTH 7: CO2 is a pollutant.
FACT: This is absolutely not true. Nitrogen forms 80% of our atmosphere. We could not live in 100% nitrogen either. Carbon dioxide is no more a pollutant than nitrogen is. CO2 is essential to life on earth. It is necessary for plant growth since increased CO2 intake as a result of increased atmospheric concentration causes many trees and other plants to grow more vigorously. Unfortunately, the Canadian Government has included CO2 with a number of truly toxic and noxious substances listed by the Environmental Protection Act, only as their means to politically control it.
MYTH 8: Global warming will cause more storms and other weather extremes.
FACT: There is no scientific or statistical evidence whatsoever that supports such claims on a global scale. Regional variations may occur. Growing insurance and infrastructure repair costs, particularly in coastal areas, are sometimes claimed to be the result of increasing frequency and severity of storms, whereas in reality they are a function of increasing population density, escalating development value, and ever more media reporting.
MYTH 9: Receding glaciers and the calving of ice shelves are proof of global warming.
FACT: Glaciers have been receding and growing cyclically for hundreds of years. Recent glacier melting is a consequence of coming out of the very cool period of the Little Ice Age. Ice shelves have been breaking off for centuries. Scientists know of at least 33 periods of glaciers growing and then retreating. Its normal. Besides, glacier’s health is dependent as much on precipitation as on temperature.
MYTH 10: The earths poles are warming; polar ice caps are breaking up and melting and the sea level rising.
FACT: The earth is variable. The western Arctic may be getting somewhat warmer, due to unrelated cyclic events in the Pacific Ocean, but the Eastern Arctic and Greenland are getting colder. The small Palmer Peninsula of Antarctica is getting warmer, while the main Antarctic continent is actually cooling. Ice thicknesses are increasing both on Greenland and in Antarctica.
Sea level monitoring in the Pacific (Tuvalu) and Indian Oceans (Maldives) has shown no sign of any sea level rise.
Source: Friends of Science website.
Get the UN out of the US now.
its all about money
they get your tax money bubby
We need money, so you pathetic, greedy, racist little people FORK IT OVER!
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