Thursday, December 11, 2014

Obama gets played by the Chinese on the new Climate Change agreement

This is my shocked face:
China offered new details on its commitment to rein in greenhouse gases and called on rich nations to speed up delivery of the $100 billion in annual climate-related aid they’ve promised by 2020. Su Wei, China’s lead climate negotiator, coupled his comments on China’s commitment with a call to accelerate funding for climate aid, shifting the pressure to industrialized nations, led by the U.S. and European Union, to do their part toward reaching an agreement next year.  The “$10 billion is just one 10th of that objective,” and “we do not have any clear road map of meeting that target for 2020,” Su said. Climate aid is “a trust-building process,” he added.
I'm sure that the new Senate will get right to work on ratifying a treaty committing us to $50B/year for the rest of forever.

3 comments:

Guffaw in AZ said...

This is my shocked face...

gfa

Michael Brahier said...

What the hey? Didn't I recently read that they are now the largest economy? I think they can fund their own environmental clean up.

chiefjaybob said...

Give it to them in T-bills.