Obama to Blow $3 Billion on World Climate Change Fund
No longer constrained by pending elections, Obama is aggressively moving to advance his far left agenda, in spite of the American public’s best interests.
Antarctic Sea Ice is at record levels.
This image compares Antarctic sea ice extent for September 2014 (blue line) with extent for September 1964 (red line) and August 1966 (black line). The dotted ellipse marked A shows the eastern Weddell Sea and the dotted ellipse marked B shows the eastern Ross Sea. (NSIDC)
Barack Obama will announce a three billion dollar taxpayer funded US contribution to the world climate change fund.
The New York Times reported:
The two announcements, both unveiled at prominent global meetings with world leaders, highlight Mr. Obama’s intention to use the last two years of his administration to push forward on climate change policy, which he sees as a cornerstone of his legacy.
Mr. Obama aims to be the lead broker of an international climate change accord, to be signed in Paris next year, that would commit all the world’s major economies to significantly cutting their emissions of planet-warming carbon pollution from burning coal and oil.
The pledge is directed to the Green Climate Fund, a financial institution created last year by the United Nations with headquarters in Seoul, South Korea. It comes ahead of a Nov. 20 climate meeting in Berlin, at which countries have been asked to make formal commitments to the fund.
In particular, the world’s least developed economies insist that the world’s richest economies — which are also the largest greenhouse gas polluters — must commit to paying billions of dollars to help the world’s poorest adapt to the ravages of climate change.
At a 2009 climate change summit in Copenhagen, then-Secretary of State Hillary Rodham Clinton pledged that by 2020 the United States would help mobilize $100 billion, through a combination of public aid and private investments, to flow annually from rich countries to poor countries to help the poor economies deal with climate change.