(Joe Hoft) The world’s greatest polluters are set to receive $2 billion in climate aid. It pays to pollute.
by Joe Hoft, November 28th, 2021
The Daily Mail reports:
China and India are set to receive a £1.5 billion climate aid windfall despite scuppering a COP26 deal on reducing reliance on coal power.
Richer countries agreed to double funding for developing nations to prepare for global warming at the Glasgow conference earlier this month.
Despite having two of the fastest growing economies in the world, the UN designates China and India as ‘developing states’
Analysis shows that the two countries received a total of about £700 million from developed countries in 2019, the latest figures available, as well as millions more from investment foundations and private donors.
But the pledge made in Glasgow could see their ‘adaptation’ funding allowances rocket as high as £1.5 billion – with the British taxpayer footing as much as £38 million of the bill.
China and India will enjoy the bonanza despite helping to water down a key COP26 pledge. Instead of promising to ‘phase out’ the use of coal, the conference agreed only to ‘phase down’ its use.
The dilution of the pledge left COP26 President Alok Sharma frustrated and close to tears.
Critics said the system required reform. John O’Connell, chief executive of the TaxPayers’ Alliance, said: ‘The net zero target must not see working taxpayers landed with the bill. With the highest tax levels in 70 years, family finances are already strained and cannot be expected to pay these green grants to wealthy nations.
There are numerous challenges for the United States and many Americans would rather spend the country’s money in the US than overseas.
Giving US taxpayer money to China and India doesn’t make a lot of sense when they have two of the largest economies in the world and are the biggest polluters as well.
About The Author
Joe Hoft is the twin brother of TGP’s founder, Jim Hoft. His posts have been retweeted by President Trump and have made the headlines at the Drudge Report. Joe worked as a corporate executive in Hong Kong and traveled the world for his work, which gives him a unique perspective of US and global current events. He has ten degrees or designations and is the author of three books. His new book: ‘In God We Trust: Not in Lying Liberal Lunatics’ is out now – please take a look and buy a copy..
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