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December 04, 2007

The Climate Fund, $67MM So Far

$99,933,000,000 to go.

Debated at the international Nuclear Winter Impending Ice Age Global Warming Climate Change conference in Bali, the future of the UN administered superduperfund for building giant climate change related things to deal with climate change.

The fund is running a tad shy of the estimated "tens of beelyuns of dollars" necessary to punish capitalism finance big-ticket climate change projects such as giant seawalls and forcing impoverished nations to forego the use of affordable energy production and use the least efficient, most expensive energy generation technology there is.

I don't think we can "fix" their impoverishment, per se. But this can't help.

The fund is financed by a 2 percent levy on revenues generated by the Clean Development Mechanism (aka carbon credits).

Operation, control and funding of the Adaptation Fund has been debated for years at these meetings of U.N. climate treaty parties.

And it will continue to be so debated even after they manage to drag the US into Kyoto. Debate is like that when it comes to real money.

The U.N. climate chief, Yvo de Boer, told reporters Tuesday he hoped it was possible that this meeting would finally make the fund operational, "so that perhaps in as little as a year before real resources for adaptation can begin to flow to developing countries."

Communism has certainly been working on its image over the last 20 years, hasn't it? It's been repackaged as the First Church of Climate Crisis and Care.

A faith-based initiative.

Oh by the way, everybody probably noticed except me that Stephen McIntyre's blog won the Best Science Blog Weblog award. geoff probably knew it.. McIntyre's got lots of charts and graphs, and geoff really digs those.


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posted by Dave In Texas at 10:39 AM

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