Designing a new Green Climate Fund
Mexico City, Mexico
by Cathie Adams, Eagle Forum International Issues Chairman, [email protected]
|Further Reading: United Nations / Global Warming|
|April 29, 2011|
The plan to design a new Green Climate Fund (GCF) was an outcome of the United Nations Framework Convention on Climate Change (UNFCCC) that met in Cancún, Mexico, last December. The design team, called the Transitional Committee (TC) for the new GCF, is holding its first two-day meeting on April 28 & 29 in Mexico City. The GCF goal is to amass a minimum of $100 billion each year by 2020.
Mexico thought that since they were hosting the meeting, they would lead it, but that did not meet with approval from the other 39 nations' representatives. Among those vying for leadership were from nations as geographically, politically and economically varied as Samoa, Philippines, Nicaragua, Bangladesh, Spain, Japan, Denmark, Pakistan, Australia, Germany, the U.S., the U.K., Belize, Singapore, Switzerland, Ethiopia, Brazil and Saudi Arabia; a total of 25 "developing" (poor) nations and 15 "developed" (rich) nations. Late in the first day, co-chairmen were finally chosen from Mexico, Norway and South Africa.
"Developing" countries claim that they are the "worst and first" impacted by climate change and insist that the "developed" countries pay for their mitigation of and adaptation to climate change, which they are convinced is caused by the burning of fossil fuels. They are demanding "climate justice" and some are even calling for reparations.
None of the "developed" countries disagreed with the premise that climate change is manmade or caused by burning fossil fuels. Instead, they seemed more interested in creating the Green Climate Fund with global governance, to replace their many smaller agreements between nations that have been developed since the 1997 Kyoto Protocol's legally-binding treaty based on the unproven "global warming" theory. The 40-member TC is advocating for "scaling-up" the funds with global governance.
Capping the first day was a testimony from a global "youth" who advocated for a complete transformation of the global economy to "0" fossil fuel emissions by 2050 with complete "equity" and "transparency."
No one is expecting the TC to complete the design for the GCF in Mexico City. Many are planning to meet at least three more times this year, but even then it is questionable whether they will have a plan to submit to the upcoming December UNFCCC meeting in Durban, South Africa.