Posted by
BLOGASSAULT on Saturday, December 12, 2009 10:23:03 AM
Some third world nations are upset following some leaked documents out of the U.N. showing a possible transfer of the Copenhagen climate money to the World Bank. And as it is written, they are beginning to see that they actually may have to reduce their emissions. that But as Horner explains, they have little to worry about.
Even on its own terms, the draft’s obligations are unimpressive. By committing selected developing countries to the gauzy notion of “nationally appropriate mitigation actions,” and making clear that these will be underwritten by the rest of us, it amounts to a largely free lunch. Nor does the document assign any figures for emissions reductions (even rigged ones), if only for the purpose of negotiating leverage or applying pressure through the leaked document. The countries now squealing about the prospect of having to do anything emissions-wise are expected to do so voluntarily, and need only lift the enormous bags of money parachuted out of our C-130s.
Once again, it's always about the money, and we will be forced to give them ours.