compass Climate Change

New Developments in Stalemate at Bonn after Bangkok Climate Talks

We’re at the crux of the Paris Agreement. To put it bluntly, it’s a US$100 billion a year wealth transfer from developed nations who are also paying huge costs for their own dubious CO2 reduction efforts ­— to developing nations who appear unwilling to offer full transparency on how this wall of money is used in their countries to reduce carbon emissions.

Both the United States and Australia have been accused of stalling negotiations on the US$100 billion a year climate change fund, as well as allegedly putting the Paris Agreement at risk.

On Sunday, an emergency meeting between climate delegates at Bangkok closed with overwhelming tension. Major issues in the debate remain in stalemate, while Harjeet Singh from ActionAid said the Paris deal is ‘on the brink’.

A big problem is how the promised $US100 billion a year would be delivered by developed countries by 2020, and how upfront developing countries should be about their actions taken in the accord.

In July, we saw a meeting with Green Climate fund dissolve into hostility over who should manage the money, driving Howard Bamsey, the Australian representative, to resignation.

Jason Stevenson exposes the ‘man made global warming’ hoax that we’ve been fed by the funding-hungry scientists — Download this free report here.

The unresolved issue

The fund is at the centre of the Paris Accord and continues to be an obstacle to success, with landmark talks to continue in December in Poland. The scheduled meeting is meant to provide a rough guideline for how the Paris Agreement will be implemented and tended to. The six day meeting in Bangkok was expected to assume a completed text in order to potentially be presented at the upcoming COP24 conference in Katowice, Poland.

But without stable commitments to finance for developing countries, the meeting ended in a stalemate.

Finance to developing countries — to both help them cut their greenhouse gas emissions and to support poor communities vulnerable to extreme climate shocks — remains a critical, unresolved issue,’ Oxfam policy analyst Tracy Carty said.

If developed country governments don’t step up by the time COP24 (the Poland meeting) kicks off in December, they risk putting the Paris Agreement in jeopardy,’ she said.

During the Bangkok debate, some countries insisted that the US be sidelined from negotiations. As turmoil has already beset the group set to distribute the limited funding that has been raised thus far.

US negotiators were accused by other delegates of ‘poisoning’ the discussion, even after US President Donald Trump’s negotiator declared their intention to back out of the accord.

And it makes sense.

As it stands, countries like Australia, Japan and the European Union, will be called upon to foot the bill. Leaving a major issue over whether the loans are or would be counter as part of this $US100 billion a year financing promise.

Despite this, the US said it will continue to send a team of negotiators to the United Nations, as well as IPCC gatherings.

The Paris agreement, launched in 2015, sought to strengthen the global response to climate change by keeping rises to global temperatures below two degrees Celsius.

And no one is saying that they don’t want to reduce the world’s global footprint, quite the opposite. What many opposing delegates are suggesting is that developed countries know exactly what their $US100 billion is being spent on.

PS: Free report reveals the political lie that costs us $4 billion a day. You pay for it on your power bill, at the fuel pump, and when you buy your groceries. Find out more here.

The Australian Tribune Editorial

The Australian Tribune Editorial

The Australian Tribune is an unorthodox news service. Your Australian Tribune editorial team deliver the unfiltered stories that could impact your daily life — political and economic stories you’re unlikely to get anywhere else. And we’re not afraid to step on some toes to do it. We are honest, conservative and never dull. We are an independent service, meaning we don’t answer to shareholders or outside advertisers. This helps avoid conflicts of interest that inhibit mainstream sources, which keeps our voice independent. The Australian Tribune is owned and operated by Port Phillip Publishing.
The Australian Tribune Editorial

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Comments: 2

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  1. Where does the tax money go that will be collected from carbon users ??
    Will be controlled by the AU Government ,or the unelected officials ??, wish we just built a Nuc plant and be done with it ,even coal chimneys now are better

  2. Are we going to be reimbursed in a couple of years when the scientists that argue “the science is settled” have to swallow a load and admit they were totally wrong and you simply cannot dial Co2 up and down like a thermostat, it’s absolutely ludicrous to anyone with even a hint of intelligence, especially our learned scientists, what will be the excuse when they are forced to admit a cycle of cooling is in play.