G-7 to throw out another $200 billion for third-world 'green' boondoggles: Exporting the "German model" of green energy failure

American Thinker ^ | 06/27/2022 | Monica Showalter

[SeekAndFind]

Amid all the partying and gladhanding and making Vladimir Putin a figure of fun, the G-7 summit in Germany managed to avoid the important topics, such as where the hell greenie Germany is going to get energy from and just what it means when it says it's going to support Ukraine forever.

Instead, it moved into its comfort zone, which was "infrastructure" and greenie energy for the Third World, as if the Third World needed more corruption and energy shortages, as greenie Germany is experiencing. Naturally, its idea was to throw money — mostly American money — at the problem. Doddering Joe Biden was all in for this idiocy and has touted this bad idea as some kind of success story.

According to Fox News: 

The United States is pledging $200 billion to a G7 infrastructure project intended to counter's China's multi trillion-dollar Belt and Road Initiative.

The "Partnership for Global Infrastructure and Investment" was relaunched by President Biden and other Group of Seven leaders on Sunday at their annual gathering being held this year at Schloss Elmau in Southern Germany.

Altogether the G7 leaders pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries.

The U.S.' $200 billion portion will come from grants, federal funds, and private investment over that time period to support projects are intended to tackle climate change, improve global health, gender equity and digital infrastructure.

Biden went at lengths to insist the money was not "aid or charity."

"It's an investment that will deliver returns for everyone," he said, adding that it will allow countries to "see the concrete benefits of partnering with democracies."

[SeekAndFind]

Ostensibly, it's to provide an alternative to third-world countries finding themselves in a pickle for taking China's money in its Belt and Road Initiative and finding themselves unable to repay China for its infrastructure investments, leaving China free to expropriate critical infrastructure such as ports as the world's greediest repo man.

[proust]

“We all pledge, but only the US will pay for it.”

[NWFree]

They want to export their misery all over the world 🤪

[NWFree]

“The U.S.’ $200 billion portion will come from grants, federal funds, and private investment over that time period to support projects are intended to tackle climate change, improve global health, gender equity and digital infrastructure.”

Stealing tax money to export degenerate libtard fraud 🤪

[Jan_Sobieski]

1 word: C O N T R O L

[Mr Ramsbotham]

These politicians don’t give a carthorse’s crap whether their green investment will work for the third world countries that get it ... so long as a certain percentage of it ends up in their pockets.

[rktman]

WTH? Is there a check headed to my house for a bright shine solar array? Probably not.

[laplata]

I thought they already had $600 billion pledged. This must be an additional $200 billion.

This is going to create a whole bunch of new Billionaires.

[FLT-bird]

Fortunately, the Donkeys are about to get slaughtered and will lose control of the House and Senate. The Republican Congress can and must of course refuse to sacrifice so much as a plug nickel to Gaia.

[Tell It Right]

Any funding for "green" energy is not against China, it helps China. As long as western countries like the U.S. block mining and processing rare earths, China will be the primary source for components in solar panels and batteries.

Even my made in USA solar panels and solar inverters had components made in China. Of course, my solar batteries were made in China because no real competitor makes batteries in the U.S.

[SaveFerris]

The West is doing everything it can to destroy itself.

Sheer stupidity.