COP27: Trillions Climate Change Reparations By Richard Miller (London)
I have assembled information that I could put my fingers on, about the recommendations coming from the globalist COP27 climate change conference. Cutting to the chase, Britain’s new non-white PM, Rishi Sunak, set the scene with this years’ opening speech calling for climate change reparations, giving trillions to the Third World, beyond the billions already given. I watched his speech, and he cynically mentioned the tough economic conditions that local British are facing, but too bad! And, then immediately after this we hear of the UN saying that the annual wealth transfer will start at $ 2 trillion by 2030, then rise presumably without limit, until the West collapses. Further, not leaving any stone unturned to polish off the West, the UN human rights section is proposing reparations for racism, colonialism and all that jazz, which in principle would be an unlimited amount, as the “crime” of “racism,” by whites only of course, is the world’s worse sin.
Meanwhile organ harvesting China is given a free pass on all this by the UN and globalist elites.
This needs urgent attention, as most people are unaware of the extend of the progress the globalist have made in destroying the West.
“An annual transfer of funds from rich to poor countries, starting at around $2 trillion by 2030 and rising thereafter, is needed for climate “justice” according to a U.N.-backed report released Tuesday.
China has been specifically excluded from the demand for reparations, which includes taxes for fossil fuel companies on their global “carbon profits,” even as the Communist state’s greenhouse gas emissions now exceed the entire rest of the developed world combined.
The first one trillion dollars alone should come from rich countries, investors and multilateral development banks, declared the analysis commissioned by Britain and Egypt, hosts respectively of the 2021 U.N. climate summit in Glasgow and this week’s COP27 event in Sharm el-Sheikh, Egypt.
A further $1.4 trillion must then originate domestically from private and public sources, said the report seen by AFP.
UK Prime Minister Rishi Sunak’s government has already signalled it is open to discussing climate “reparations” as he prepares tax hikes and public service cuts at home in the name of fiscal responsibility, as Breitbart News reports.
The new 100-page analysis, Finance for Climate Action, is presented as an investment blueprint to deliver Paris climate treaty goals of capping the rise in global temperatures below two degrees Celsius, and at 1.5C if possible.
“Rich countries should recognise that it is in their vital self-interest — as well as a matter of justice given the severe impacts caused by their high levels of current and past emissions — to invest in climate action in emerging market and developing countries,” said one of the report’s leads, economist Nicholas Stern, who also authored a landmark report on the economics of climate change.
It calls for grants and low-interest loans from the governments of developed countries to double from about $30 billion annually today to $60 billion by 2025, AFP reports.
“These sources of finance are critical for emerging markets and developing countries to support action on restoring land and nature, and for protecting against and responding to the loss and damage due to climate change impacts,” the authors said.
U.N. Secretary-General Antonio Guterres has already lamented the world is in peril as never before.
He told COP27 delegates the latest State of the Global Climate report is a chronicle of climate chaos, adding “We must answer the planet’s distress signal with action — ambitious, credible climate action.”
“Rashid Sanook (or Rishi Sunak if you aren’t President Biden), the British Prime Minister, has kicked off the COP27 summit by leaking to the press that Britain has opened the door to paying ‘climate change reparations’.
According to the front page of the Telegraph today, “the UK negotiating team accepts that the issue can no longer be kicked into the long grass. The British team are sympathetic to the position of developing countries that suffer from climate disasters”.
In another article, the Telegraph is convinced that the world owes poorer countries a climate debt but questions how to pay them.
Finally, it seems, the debate will be had out in the open. For the first time, so-called “loss and damage” has made it on to the finance agenda for the annual Cop climate summit.
Pakistan has been among the loudest voices calling for climate compensation as it struggles to deal with repeated catastrophes, including floods this year that left a third of the country under water.
It is difficult for the developed world to argue against the injustice of the situation. The US is responsible for 20 per cent of the world’s cumulative CO2 output, according to analysis by the website Carbon Brief. Pakistan, by contrast, has contributed just 0.3 per cent.
No, it is quite easy to argue against the injustice of the situation because, until it has been proven beyond all reasonable doubt, there is no injustice. There are tragic weather/climate incidents such as the recent floods in Pakistan and I am extremely empathetic towards the people who have suffered but show me a definitive and direct link to Western CO2 output.
Although, they try to convince you otherwise, the science is not clear. Like we are told over and over again when looking at the vaccine data, correlation is not causation. Rising CO2 levels do not mean they have been caused by human activity. Rising CO2 levels don’t necessarily mean rising temperatures, it could be the inverse or completely unrelated. And rising CO2 does not necessarily mean more extreme weather. There are many other explanations and maybe, who knows, the industrial and technological revolutions would not have ever happened without rising CO2 levels.
And even if the evidence was convincing, I feel the same way about the slave trade and colonialism, I am not responsible for and have no guilt about what people did in the past. In my life time, in the UK, per capita CO2 emissions have fallen, and drastically, to levels last seen in the 1850s.
So, if I’m getting this right, we as a country, should be punished, by paying reparations, for doing the very thing that they want (reducing CO2 emissions).
The UK, thanks to its industrial revolution, is on the hook too, having contributed around 3 per cent of global emissions, but suffering very few of the consequences.
And enough with the Brit-bashing, self-flagellating, neo-luddism. Without the industrial revolution most of the world would still be in the medieval dark ages. Living standards would be abysmal, life expectancy at birth massively lower than it is today and we would be living a feudalistic society (oh wait, that’s probably what the COP lot want).
Rishi Sunak, who most definitely wasn’t attending COP27 (to look good to the Conservative voters) but was then “pressured” to go (I’d love to see when his hotel was booked), will pledge £65.5 million for green technology in developing countries.
In his speech, he will say: “By honouring the pledges we made in Glasgow, we can turn our struggle against climate change into a global mission for new jobs and clean growth.
And we can bequeath our children a greener planet and a more prosperous future. That’s a legacy we could be proud of.”
Boris Johnson will also deliver a speech warning against the “naysayers” who threaten Net Zero targets.
Pakistan is leading a push by developing countries including Bangladesh and the Maldives for compensation from richer countries responsible for most of the world’s pollution.
The UK backed the issue being on the Cop27 agenda during two days of negotiations ahead of the Egypt summit and is understood to accept that a deal must be done over the economic cost of climate change, which is forecast to reach $1trillion by 2050.
Multimillionaire, multi-home owning Sunak, together with Jeremy Hunt after their globalist coup, is set to announce £35 billion in spending cuts and up to £25 billion in tax hikes. The IMF was very quick to criticise the previous budget but I’m sure we won’t hear a peep from them when it comes to ‘climate reparations’ that the country cannot afford.
Apparently, “the wording of the [reparations] agreement made in the early hours of Sunday morning was watered down to ensure there was no mention of direct compensation or liability to developing countries. But the UK and other developed countries will now be under pressure to reach a deal that will satisfy the governments of countries such as Pakistan”.
“The US in particular has come around to the idea but has argued that China, which considers itself a developing nation, should also contribute.”
Extreme language is already being used to push these deals, which are probably just further wealth transfers, making the rich richer and everyone else poorer.
Al Gore wants us to end “this culture of death”. Antonio Guterres says “we are on a highway to climate hell” and the President of Colombia says there is a risk of “the extinction of humankind”. Intense stuff for the first day, I’m sold, lets ramp up those reparations to $2 trillion!
So get ready to get even more poorer due to climate reparations. But maybe the more interesting question from today’s opening day at COP27 is why was Rishi rushed away from the conference, minutes before his speech?
“Prime Minister Rishi Sunak’s government has signalled it is open to discussing climate “reparations” for the likes of Pakistan, as he prepares tax hikes and public service cuts at home in the name of fiscal responsibility.
The Islamic Republic of Pakistan is leading a bloc of countries demanding climate change “reparations” from the West, despite their own less than environmentally friendly behaviour, and British business secretary Grant Shapps MP said the Sunak administration was “accepting the principle there’s a discussion to be had about this” at the COP27 United Nations Climate Change Conference in Egypt, according to The Times.
“We industrialised first and we appreciate the rest of the world needs to be able to bring themselves along as well,” Shapps added, indicating that the Sunak administration is happy to continue the status quo in which China and other non-Western nations can continue to burn coal and enjoy relatively cheap energy while the likes of Britain cripple their industries with anti-carbon policies.
The Telegraph, which is close to Britain’s government Conservative Party, reports that Sunak has already committed to pledging £65.5 million to support green initiatives in the Third World, and will tell COP27 — which he initially said he would skip in order to focus on domestic crises — that “we can turn our struggle against climate change into a global mission for new jobs and clean growth.”
Boris Johnson, who was Prime Minister during Sunak’s time as Chancellor of the Exchequer, is also at the summit, having decided that pursuing a net zero green agenda is to be his key political legacy, alongside deep involvement in the Russo-Ukrainian war, and offered some words in opposition to climate reparations — sort of.
“The best way to fix this is not to look backwards and to try to tot up some bill for loss and damage that the UK or other countries have done, but try to try to look at what the UK can do to help to take countries forward and help them achieve the carbon reductions and green technologies [they need],” said Johnson — a distinction which will prove meaningless if “reparations” and help[ing] to take countries forward… and achieve carbon reductions and green technologies” both entail sending money overseas
With the Conservative Party’s perennially disrespected activist and voter base not being particularly keen on reparations, this may be exactly the sort of fudge Sunak intends to deploy, with a spokesman for 10 Downing Street saying that “[w]e’re not talking about reparations or liabilities, we’re talking about continuing to support countries adapt to the impact of climate change” — i.e. still sending money overseas but claiming it’s standard aid spending instead of reparations.
Perhaps unsurprisingly, Britain’s supposed opposition appears to be offering the British public no real alternative, with Labour’s Shadow Secretary of State for Climate Change and Net Zero, Ed Miliband, merely suggesting the government should go even further.
This is about global solidarity, yes we have some historical responsibility… It’s morally right and it’s also in our self-interest too because if we don’t act and if we don’t help countries around the world, we’re going to end up with the problems that countries face coming back to us.” said the leftist MP, who was Labour leader from 2010 to 2015.”
“The U.N. human rights chief on Monday demanded comprehensive reparations be made to compensate countries that have suffered what she called the deadly legacies of slavery, colonial rule and racial discrimination.
Former Chilean Socialist President Michelle Bachelet presented to the U.N. Human Rights Council a report she hopes will change the definition of racism and highlight its impact.
It comes after her intervention last month calling on the world to immediately dismantle systemic racism against people of African descent and “make amends” to the oppressed while groups like Black Lives Matter should receive “funding, public recognition and support.”
Others have also joined her demands for massive financial redistributions to address the issues of the past.
AP reports Bachelet told the council in Geneva research “could not find a single example of a state that has comprehensively reckoned with its past or accounted for its impacts on the lives of people of African descent today,” despite some attempts at seeking out the truth through apologies, litigation and memorialization.
She recommended countries “create, reinforce and fully fund comprehensive processes –- with full participation of affected communities — to share the truth about what was done, and the harms it continues to inflict.”
“Establishing the truth about these legacies, and their impact today, and taking steps to address this harm through a wide range of reparations measures is crucial to healing our societies and providing justice for terrible crimes,” Bachelet said. “Measures taken to address the past will transform our future.”
The Human Rights Council commissioned the report during a special session last year following the death of George Floyd in Minneapolis in May 2020.”
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