We are future climate change spending via the UN. YEA! The UN Climate Change Conference didn’t come up with much except that they want to curb greenhouse gases and they want to collect money and redistribute it Marxist-style from the richer nations to the less fortunate nations.
The Durban Platform for Enhanced Action is a new entity with legal force that will do something, not sure what, about the climate by 2015. The hoped-for end result is to have curbs on greenhouse gases by 2020.
Large countries like the US, China, India, and Brazil will be subjected to legally binding climate change mandates. The mandates will begin in 2020, but the stringency of the targets is still up in the air.
The U.S. is the major target of the stringent mandates.
The U.S. agreed they must contribute to Durban’s $100 billion Green Climate Slush Fund to support climate adaptation and clean tech projects in the developing world. The UN is going to monitor this self-destructive effort which subjugates us to people who pretty much hate us. There is no ceiling on this slush fund and there is no clearcut oversight or direction!
Nothing is official and it will be discussed again next year. Canada, our far more astute neighbors to the north, have pulled out. It seems evident that China and India aren’t going to ruin their economies and cede their sovereignty to the UN’s mandates. If Obama is re-elected, he will undoubtedly find a way to sign up. Read here: Brookings.edu