Billions wasted on UN climate programme

[mikesilvia]

Hopefully you have been following the global warming debate.

At the heart of the argument to me is the wasted money we are spending to stop global warming. I don't debate wheather it exists, I simply state that the sun and other factors are causing global warming not humans. To spend billions and soon trillions on something that we can't stop is beyond silly! A key point is my side of the argument is not asking for and wasting billions!

Billions of pounds are being wasted in paying industries in developing countries to reduce climate change emissions, according to two analyses of the UN's carbon offsetting programme.

Leading academics and watchdog groups allege that the UN's main offset fund is being routinely abused by chemical, wind, gas and hydro companies who are claiming emission reduction credits for projects that should not qualify. The result is that no genuine pollution cuts are being made, undermining assurances by the UK government and others that carbon markets are dramatically reducing greenhouse gases, the researchers say.

The criticism centres on the UN's clean development mechanism (CDM), an international system established by the Kyoto process that allows rich countries to meet emissions targets by funding clean energy projects in developing nations.

Credits from the project are being bought by European companies and governments who are unable to meet their carbon reduction targets.

The market for CDM credits is growing fast. At present it is worth nearly $20bn a year, but this is expected to grow to over $100bn within four years. More than 1,000 projects have so far been approved, and 2,000 more are making their way through the process.

A working paper from two senior Stanford University academics examined more than 3,000 projects applying for or already granted up to $10bn of credits from the UN's CDM funds over the next four years, and concluded that the majority should not be considered for assistance. "They would be built anyway," says David Victor, law professor at the Californian university. "It looks like between one and two thirds of all the total CDM offsets do not represent actual emission cuts."

The media and the UN have pushed fear to get YOUR tax dollars. Al Gore and Hollywood have pushed their movies on you and forced your children to believe that global warming is caused by humans. In the end it is all about scaring you for the future "global warming tax" that will come to America. They are already doing it in Europe and the money is being wasted as I have always suspected.

[OnePimpTiger]

That's my whole problem with it as well. Why not focusing on actually proving humans are the cause before spending billions to fix something that might not even be the problem.