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The recent climate summit in Glasgow provided plenty of theater. Perhaps nothing was more theatrical than the global shakedown effort staged by a group of African nations that demanded the developed world hand over $1.3 trillion every year to compensate them for the hardships delivered by climate change.
That preposterous figure – twice the GDP of Belgium – disappeared from press accounts almost immediately since even climate activists (aka the liberal media) recognized that the outlandish sum would likely blow up any progress toward making wealthy nations pay for past emissions.
The demand highlights the non-serious negotiations that characterize these yearly U.N.-sponsored global gatherings. Since the Paris climate accord was struck in 2015, prosperous countries have promised to provide $100 billion each year from 2020 to 2025 to help underdeveloped nations cope with climate change. That target has not been met once.
In 2019, the OECD claims member nations contributed some $80 billion toward helping poor countries adapt to climate change, which included $14 billion from the private sector, but in 2020 the group fell short of the $100 billion goal.
So, even though