At the last major climate summit, in Copenhagen in 2009, the developing world were promised financial flows of at least $100bn (£65bn) a year by 2020. Another words rich nations promised at Copenhagen that, by 2020, investments of at least $100bn a year would be channelled to the developing world, to help cut emissions and adapt to climate change.
Some developing countries want all of the $100bn a year to come from the public purse of developed nations. But rich governments were strongly resistant, insisting instead that private sector finance should form the lion’s share of the total.
So far only about half of that target has been met.
“The question of financing is, in fact, decisive for reaching an agreement in Paris.”To have an agreement [in Paris] we need some sort of financial package.” We’ve now reached that point once again:
For many countries it is the condition of reaching any agreement.
Now we all know what happens when you ask for money. You only have to look at pledges of Aid when a natural disaster wipes out a people.
At the UN climate conference in Paris this December, world governments are expected to forge a new global deal on climate change, including commitments from both developed and developing countries to limit greenhouse gas emissions, to take effect from 2020 when current commitments run out.
In case you are not aware this is whats at stake.
The warming of the planet is already affecting yields of crucial crops. Food production will need to increase by at least 60 per cent over the next 35 years to provide food security for the 9 billion people expected to be living on the planet by 2050.
Moreover, approximately one-quarter of all greenhouse gas emissions come from land-use, making sustainable practices in agriculture critical. Climate change increases the risk and stress to water, sewer, drainage and transportation systems as well as infrastructure, as these systems are more exposed to the impact of increasingly powerful hurricanes, typhoons and other natural disasters.
About 80 per cent of the world’s energy is supplied through the combustion of fossil fuels, which releases carbon dioxide and other pollutants into the atmosphere. At the same time, energy demand is growing along with expanding global wealth, a world population expected to reach 9 billion by 2050, and efforts to provide electricity to the 1.3 billion people now living without it. Energy use and greenhouse gas emissions are expected to increase under a ‘business as usual’ scenario by nearly 50 per cent by 2030 and more than 80 per cent by 2050, compared with year-end 2009.
Shifting the global economy onto a low-carbon and climate resilient development pathway requires an investment of tens of billions of dollars. To achieve this, both Governments and key financial actors must commit to massively scaling up public and private financing to meet the growing challenge of climate change.
There is no chance of this happening.
Just look at reaction of the EU to Greece and the refugee fleeing the conflicts in Syria and else where. The world as we know it is incapable of unilateral action whether its to do with Inequality of opportunity or eradicating a threat to its value.
While many efforts to slow or halt deforestation have been successful, approximately 13 million hectares of forests continue to be lost each year, contributing up to 20 per cent of annual global greenhouse gas emissions.
Industries are essential to control global temperature increases — especially industries engaged in the production of energy, waste management, refrigerants and the global transport of freight.
⌈For more information open: The Beady eye say’s it time for Capitalism to Pay. > The Beady eye writes an open letter to the United Nations.> The Beady eye looks at what is wrong with the world.⌋
Mobilizing finance for climate action is a priority.
The status of pledges on financial contributions from rich to poor countries is less clear and what should be counted as “climate finance” under the Copenhagen agreement is a joke.
You only have to look at the history of the world to realize that the chances of over a hundred countries not to mention the millions of us agreeing on anything is a long way off. You might think that the Internet is connecting us all with its like button and online lobbyists/ campaigns/ petitions to change Industrial practices and Governments. You be wrong. In fact it is fragmenting society into ignored shadow people with little or no driven conviction except vanity.
So there is only one solution that will stick.
The Introduction world-wide of: A world Aid commission of 0.05%. ( see previous posts)
Because it can be put in place quickly, its cost-effective, and captures the very thing that caused the problem to rectify it: Capitalism.
If you don’t believe me. Here what they god wobbled about during the last Summit.
If you have nothing to say or no comments press the like button which I like to call the bog off button.