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The great Green Climate Fund scam

The great Green Climate Fund scam

Then PM Gillard “fast tracked” about $500 million to the UN Green Climate Fund. Australia has been called upon to immediately commit a further $400 million to replenish a Green Climate Fund to help developing countries cope with the impacts of climate change. But Treasurer Josh Frydenberg said yesterday: “Australia will not be increasing our commitment.” If you can believe him?

Australia will freeze its level of funding for a Green Climate Fund that stalled after giving millions of dollars to replace cooking stoves in Bangladesh and sponsoring “gender responsive” drinking water projects in Ethiopia.

Source: News Corp

Australia puts brakes on millions for global climate fund ‘in crisis’

The GCF was a critical part of the Paris Agreement but was suffering a “crisis of confidence” and unable to function.

The US has already pulled $US2 billion ($2.7bn) of its promised $US3bn contribution but Australia is under pressure to contribute hundreds of millions of dollars more. The Department of Foreign Affairs and Trade said Australia had given the fund $200 million between 2015 and 2018. And it would “consider possible further contributions” through the course of “replenishment negotiations”.

A paper issued by the World Resources Institute this week said Australia should be the sixth biggest contributor to the fund based on its economy, past greenhouse gas emissions and current emissions per capita. This would amount to about $400m in second-round funding.

Environment groups have said “replenishment” funding would be “a critical indicator to developing countries about whether developed countries are serious about holding up their part of the Paris Agreement bargain”. But former GCF board member Jacob Waslander has written a scathing critique of the fund’s operation. “Rather than a dynamic global centre for climate finance, the GCF board has been mired by ineffective decision-making in an atmosphere of distrust,” Mr Waslander said. “After five years of operation, the GCF — the world’s biggest multilateral climate fund — faces a crisis of confidence … Representative from developed and developing countries, the private sector and non-governmental organisations are deeply concerned about the effectiveness and efficiency of the fund’s governance, and particularly about how its board functions.”

The last board meeting ended in stalemate with the resignation of Australian chief executive Howard Bamsley. Mr Waslander said a key problem was the board worked on the basis of unanimity, so any board member could block any decision for any reason. As a result, funding for new projects had effectively stopped.

The GCF had so far approved 76 projects worth $US3.7bn ($5bn) to help developing countries in their low-emission development. About half of the money was in loans and half in grants, much of it dedicated to promoting renewable energy. Most projects were in Africa and Asia Pacific.

{ 18 comments… add one }
  • Graham Richards 29/09/2018, 5:53 am

    This crap along with constant distrust of government will not go away until they dump that Paris Accord. If you can’t trust them vote them out!! Simple. Just ask Ms Clinton!

    • DT 29/09/2018, 6:28 am

      Most member nations that signed the Paris Agreement are dodging the flack by ignoring the Agreement.

      It’s easy for the US to openly defy the UN, much more difficult for Australia.

      • Lorraine 29/09/2018, 7:58 am

        why is it more difficult for Australia

      • angry 29/09/2018, 11:31 am

        Tell the UN to GET F.CKED!

    • DT 29/09/2018, 8:16 am

      Hi Lorraine.

      Australia is about 2% of the global economy with only 25 million people and reliant on exporting to support national prosperity. When the Abbott led government was preparing to dump Labor’s carbon tax the EU threatened various trade sanctions, one I remember was a tax on Qantas aircraft entering EU airspace.

      Right now there is a threat relating to Paris Agreement regarding trade sanctions if we do do not support carbon dioxide emissions reduction targets.

      On the other hand the US is more than capable of continuing based on its domestic economy strength with over 300 million people and being one of the world’s largest economies. Note here the Soros story at the link I have posted several times and why he wants to collapse the US economy.

      Australia needs allies such as US and UK for support but as I understand matters the potential for sanctions and other weapons must be taken into account. The exception would be a military attack threat.

      • Aktosplatz 29/09/2018, 8:32 am

        That’s interesting DT. I believe you’re right about the EU.

        We should (by stealth) to incline our trade away from the EU – they are as bad as the UN.

        We also have our own Globalist traitors from within, (the Stick Insect, etc.) who scare Morrison.

        Morrison has had it, he’s not showing leadership at all – he won’t go that far as to call the EU bluff, we need an election and as soon as possible.

      • Graham Richards 29/09/2018, 9:00 am

        Why pander to the EU. Isn’t this the mob that denied Australia & New Zealand trading rights when the EEC was formed. Threw up tariff & all sorts of regulations to discourage trade. Now all the bloody “wets & snowflakes” go running around trying to appease them when they start to blackmail us. As soon as Brexit kicks in they’ll be stuffed! Grow some balls you cowards!
        In the meantime why aren’t we encouraging more trade with USA (start with oil) & others who’re not interested in Paris.

      • angry 29/09/2018, 11:33 am

        The EU has morphed into another version of the old communist USSR.

        Ditch them.

        Hopefully it will implode one day soon.

      • DT 29/09/2018, 2:09 pm

        Aktosplatz the voting numbers when the leadership spill took place was 45 for Morrison from 85 Liberal MPs who voted. I believe that at least half of the members of the Morrison Cabinet are Black Hand faction Mansion cronies.

        When Abbott became PM and despite the landslide defeat of Labor in September 2013 he too had a split cabinet and including Mansion and Jewellery and therefore as PM he was often out voted on policy matters and other issues. And worse, members of his cabinet anonymously leaked to the media including outrageous lies crafted to smear him.

        Unless a PM has majority support in cabinet there can be no progress and worse, if facing a hostile Senate even legislation agreed in cabinet and passed by the Lower House is an exercise in futility, a waste of time. Like with Anti-Discrimination Act, Section 18C proposed repeal bill. And that was debated fiercely between AG Senator Brandis and Senator Wong in the Senate with no repeal bill yet on the table. PM Abbott apparently decided not to waste time and to move on with much more important anti-terrorism legislation.

        How do you believe PM Morrison could “call the EU Bluff”? Obviously Black Hand side continues to protect the Paris Agreement and whatever else EU/UN related matters are considered. Morrison cannot afford to pick another fight and risk more bad publicity for the government.

        Of course it is bad, disunity is death it has been rightly pointed out in decades past.

        However, the risk remains that we end up with much worse, Shorten Union Labor, Shorten who established GetUp with George Soros and others, far to the left Shorten and his union controllers who would not back away from the Paris Agreement while the union industry super funds are raking in profits from RET.

        I don’t have the answer.

  • Dave 29/09/2018, 6:08 am

    What a Rort.
    And I thought our banks were bad.
    Doesn’t Gillard now represent institutions that received our hard earned money her government gave away, plus plenty more ex politicians?.
    We need an outsider like Trump to fix the mess the liberals/labor/greens have got us in

  • DT 29/09/2018, 6:26 am

    The $200 million was given via the foreign aid budget by Jewellery Bishop Minister for DFAT after she was denied extra funds by PM Abbott and Treasurer Hockey who were trying to sort out the Labor government debt and deficit, unfunded 2013/14 budget items and more.

    Bishop with Cabinet Black Hand backers support defied the PM and pledged $50 million a year for 4-years.

    • angry 29/09/2018, 11:35 am

      Bishop the cow who tried to stop asbestos cancer victims from receiving compensation while working as a lawyer for slater and gordon.

      What a despicable human being!!

  • GTD 29/09/2018, 7:21 am

    Australia is under NO pressure.
    A Simple courteous NO.
    End of story.

    It’s not the government’s money.
    It’s ours..

  • SebastianF 29/09/2018, 8:00 am

    SebastianF

    I may have to go to night school to update my knowledge. What’s “gender responsive drinking water”? Does this mean we all may have two taps some time in the future, one with normal water and the other with grdw? Is this connected to ‘gender fluidity’?

  • Jack Richards 29/09/2018, 8:00 am

    How long have all these “developing countries” been developing? It’s been around 70 years now and still mostly nothing. Between 1795 and 1865 Britain transformed from a rural peasant society into an industrial powerhouse. Singapore, Taiwan and South Korea have done it as well – as has Israel.

    I’m sick of hearing about the plight of “developing countries” that do nothing for themselves, other than breed and fight each other, and live off the welfare and hand-outs of the Whites they hate.

    • TommyGun 29/09/2018, 8:24 am

      Trump has a word that describes those countries perfectly, Jack: SHITHOLES!
      They have never changed and never will.
      They are a millstone around the neck of any civilized country that funnels money into their hopeless economies. Most of them are muzlim. Most of them are black.

      • angry 29/09/2018, 11:36 am

        100000% correct!!

        Nothing but hellholes full of uncivilized savages…..

    • Gary Gray 29/09/2018, 8:52 am

      Spot on Jack! There is also the area of un-developing countries like Zimbabwe and now South Africa!

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