Industrialized Nations Halfway to $100 Billion UN “Climate Change Aid” Goal

Almost six years after then-Secretary of State Hillary Clinton said the United States will help raise $100 billion annually by 2020 to assist poor countries in coping with “climate change,” several sources estimated that the participating countries are about halfway to that goal.


Clinton made the announcement during a news conference at the UN’s Copenhagen Climate Change Conference in December 2009. She did place conditions on the commitment, however, stating that the money would be made available only if rapidly industrializing nations such as China and India accept binding environmental regulations that are open to international inspection and verification.


“In the absence of an operational agreement that meets the requirements that I outlined, there will not be that financial agreement, at least from the United States,” Clinton warned at the time: “Without that accord, there won’t be the kind of joint global action from all of the major economies we all want to see, and the effects in the developing world could be catastrophic.”


A “Report of the Conference of the Parties” released at the conference stated, “Developed countries commit to a goal of mobilizing jointly USD 100 billion dollars a year by 2020 to address the needs of developing countries. This funding will come from a wide variety of sources, public and private, bilateral and multilateral, including alternative sources of finance.”


Though the Copenhagen Climate Change Conference failed to achieve its goal of a treaty requiring the industrialized nations to submit to strict carbon emission regulations, funding for Clinton’s promised plan has progressed. As James Heiser noted in an article posted by The New American in 2011:


Despite the failure of the Copenhagen Climate Change Conference in December 2009 to achieve its goal of a treaty binding the industrialized world to an economic suicide pact, the “voluntary” agreements are still a threat to the West. The UN is engaged in an effort to use the imagined environmental crisis as the justification for a program of sweeping economic redistribution that would shift trillions of dollars from the industrialized nations to the Third World. The UN is now demanding an “investment” of $1.9 trillion per year in “green technology” to meet the goals that the internationalists have set for the nations of the world.


In a report in the New York Times on September 29, columnist Eduardo Porter quoted Christiana Figueres, executive secretary of the United Nations Framework Convention on Climate Change, who told him: “Financing is the most challenging aspect of the whole deal. There is no credible road map to the $100 billion.”


The climate doomsayers are still doing reasonably well in their international share-the-wealth scheme, however. In a press statement released on September 6, Secretary of State John Kerry said that during that weekend in Paris, the United States and Switzerland hosted senior officials from 18 developed countries to discuss their collaborative efforts “to scale up climate finance for developing nations,” and to provide increased transparency on our progress toward “working together towards a goal that President Obama and other heads of state set nearly six years ago in Copenhagen: to mobilize — from public and private sources — $100 billion a year by 2020 to help the developing world address both the causes and impacts of climate change.”


Kerry continued: “Today, at the halfway mark to 2020, we are well on our way to achieving this $100 billion goal. “


Read More: Industrialized Nations Halfway to $100 Billion UN “Climate Change Aid” Goal