COP29’s Real Focus Is On Money Or Something

What this is really about right now is about taking your hard-earned money in the 1st World and sending it elsewhere

Climate talks open with calls for a path away from the ‘road to ruin.’ But the real focus is money

United Nations annual climate talks stuttered to a start Monday with more than nine hours of backroom bickering over what should be on the agenda for the next two weeks. It then turned to the main issue: money.

In Baku, Azerbaijan, where the world’s first oil well was drilled and the smell of the fuel was noticeable outdoors, the talks were more about the smell of money — in huge amounts. Countries are negotiating how rich nations can pay up so poor countries can reduce carbon pollution by transitioning away from fossil fuels and toward clean energy, compensate for climate disasters and adapt to future extreme weather.

In order to try to start the 12 days of talks, called COP29, with a win, Monday’s session seemed to find a resolution to a nagging financial issue about trading carbon pollution rights — one that has eluded negotiators for years. It could free up to $250 billion in spending a year to help poor nations, said new COP29 president, Mukhtar Babayev.

When it comes to discussions on finance, the amount of money being talked about to help poor nations could be as high as $1.3 trillion a year. That’s the need in the developing world, according to African nations, which have produced 7% of the heat-trapping gases in the air but have faced multiple climate crises, from floods to drought.

Whatever amount the nations come up with would replace an old agreement that had a goal of $100 billion a year. Richer nations have wanted numbers closer to that figure. If an agreement is struck, money is likely to come from a variety of sources including grants, loans and private finance.

And your pocket to cover those grants, loans, and private finance that never get repaid. How about all those rich folks at COP29 use their own move?

Dozens of climate activists at the conference — many of them wearing Palestinian kaffiyehs — held up banners calling for climate justice and for nations to “stop fueling genocide.”

“It’s the same systems of oppression and discrimination that are putting people on the frontlines of climate change and putting people on the front lines of conflict in Palestine,” said Lise Masson, a protester from Friends of the Earth International. She slammed the United States, the U.K. and the EU for not spending more on climate finance while also supplying arms to Israel.

Well, of course the climate cultists have joined forces with the Israel/Jew haters and supporters of Islamic terrorism. Hell, even the Taliban is going to be there.

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