Green Climate Fund Archives

President Joe Biden’s administration is committing an additional $3 billion to help developing countries fight climate change, the White House announced Saturday.

The allotment will go toward the United Nations’ Green Climate Fund and will be pledged by Vice President Kamala Harris at the COP28 summit in Dubai, according to the White House. The U.S.’ pledge will bring the fund to its largest level so far, as other countries like France, the United Kingdom, Germany and Japan have already made similar commitments that totaled $9.3 billion, according to Bloomberg, who first reported the funding.

“Since day one, President Biden, Vice President Harris, and the entire Biden-Harris Administration have treated climate change as the existential threat of our time,” the White House’s announcement reads. “After spearheading the most significant climate action in history at home and leading efforts to tackle the climate crisis abroad, the United States heads into the 28th U.N. Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE) with unprecedented momentum.”

The U.S. reached $5.8 million in international funding geared toward curbing climate change in 2022, compared to $1.5 billion allotted during 2021, according to the State Department. The Biden administration will exceed $9.5 billion this year, and the president is already planning on topping $11 million in 2024.

Wealthy countries are supposed to commit $100 billion per year to help developing countries fight climate change, a pledge that began in 2020, according to Bloomberg.

The Biden administration’s commitment follows a trend of funding green energy initiatives the president has focused on during his tenure, including his signature climate law, the Inflation Reduction Act (IRA). The IRA approved $750 billion in new spending, $370 billion of which went toward Biden’s green energy initiatives aimed at curbing climate change.

The U.S. pledged over $17 million toward an international “climate reparations” fund at the summit on Thursday. The fund is also geared toward helping developing countries fight against the impacts of climate change.

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MARY LOU MASTERS

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Wherever you stand on the subject of global warming, pay close attention to one under-reported aspect of the 2015 United Nations Climate Change Conference or Paris Agreement. I am referring to the Green Climate Fund (GCF), which is a financial mechanism intended “to assist developing countries in adaptation and mitigation practices to counter climate change.”

According to the current estimates, developed countries will be obliged to contribute up to $450 billion a year by 2020 to the GCF, which will then “redistribute” the money to developing countries allegedly suffering from the effects of global warming.

Lo and behold, Zimbabwe’s government-run daily “newspaper” The Herald reported that “Southern Africa is already counting the costs of climate change-linked catastrophes… In Zimbabwe, which has seen a succession of droughts since 2012, a fifth of the population is facing hunger… Feeding them will cost $1.5 billion or 11 percent of … the Gross Domestic Product.”

No doubt Robert Mugabe, the 91-year-old dictator who has ruled Zimbabwe since 1980, is salivating at the prospect of some global warming cash. Beginning in 2000, Mugabe started to expropriate privately-held agricultural land. The result of what is euphemistically called “land reform” was a monumental fall in productivity and the second highest bout of hyperinflation in recorded history.

Some three million of Zimbabwe’s smartest people, including tens of thousands of doctors and lawyers, have left the country. Most of those who have remained behind are subsistence farmers with very little wealth. There is, in other words, very little loot left for the government to steal.

Thankfully for the Zimbabwean dictator, there are plenty of gullible Westerners willing to believe that the frighteningly vile, comically incompetent government isn’t at the root of Zimbabwe’s food shortages, but that global warming is to blame.

Of course, this is pure nonsense. Botswana and Zimbabwe share a border and their climate and natural resources are exceptionally similar. Yet, since 2004, food production has increased by 29 percent in Botswana, while declining by 9 percent in Zimbabwe. It is not drought but government policies that make nations starve!

As befits a dictatorship, Zimbabwe is one of the most corrupt places on earth. The notion that GCF funds will be will used for environmental “adaptation and mitigation” is a dangerous fantasy.

Like much foreign aid before it, most of the “green aid” money will likely end up in the pockets of some of the cruelest and most corrupt people on earth. Congress must stand firm and refuse to appropriate any money for the fund.