Skip to comments.Obama Gives China a Free Pass to Emit CO2
Posted on 12/20/2009 11:59:10 PM PST by bogusname
The U.N. Climate Control Conference in Copenhagen ended in failure in that no binding agreement was reached to reduce CO2 emissions. China nixed the agreement by refusing to compromise on the issue of international verification as noted by a British newspaper called The Independent:
When the [U.S.] President, in an unyielding speech, said that without international verification "any agreement would be empty words on a page", that was too much for [Chinese Premier] Mr Wen. He left the conference in Copenhagen's Bella Centre, returned to his hotel in the city, and responded with a direct snub of his own - he sent low-level delegates to take his place in the talks.
At the end of the conference, President Obama and leaders of India, Brazil, South Africa, and China negotiated a possible framework for the next conference. In order to be seen as effective, Obama caved in to the demands of the developing countries, which produced the "Copenhagen Accord."
India, Brazil, and South Africa got the reparations they wanted. The developed countries (the U.S., Europe, Japan, etc.) would pay $30 billion by 2012, and $100 billion per year starting in 2020 (U.S. share $10 billion by 2012, about $33 billion per year by 2020), into a fund to be distributed to the developing countries based upon need. The accord states:
The collective commitment by developed countries is to provide new and additional resources, including forestry and investments through international institutions, approaching $30 billion for the period 2010-2012 ... In the context of meaningful mitigation actions and transparency on implementation, developed countries support a goal of mobilizing jointly $100 billion dollars a year by 2020 to address the needs of developing countries.
Meanwhile, China, the world's fastest-growing CO2-polluter, got what it wanted...
(Excerpt) Read more at americanthinker.com ...
I wonder if China knows Idiot Boy is giving them permission to do this?
AH, just wonder here Mr Prez
YOu do know we are already in the hole 1.2 Trillion for this year.
Where are you going to get 100 Bn to give away?
TO quote a famous cartoon robot
Doesn’t the Senate have to approve this? (Not that their helping themselves to 1/6 of the US economy wrt ‘health care’ gives any hope of sanity.)
You don't really think China cares what Obama or the UN says do you? They're gonna do what they want and whats in THEIR OWN best interests regardless, which BTW is what we would be doing if we still had any sense.
What a great deal! Obama commits America to spend hundreds of billions of dollars and we get nothing. Obama is a ruthless negotiator.
LOL Aint he though.
the magic negro, as expected, bends over to the Chinese racists.
Stimulus for China, none for blacks. How’s that change working for ya’ll
So we spend billions of dollars in borrowed Chinese money to curb emissions, the Chinese continue to build a coal fired plant a week, and we in turn purchase the junk that the coal fired plants provide the power to produce.
This is complete and utter insanity and surely a recipe for economic disaster.
Watch building materials become as valuable as precious metals, sold by the ounce. Housing anyone? Better use dirt, if you can afford the carbon tax, because it releases C02 when you dig holes in the ground.
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