The World Bank has pledged to bump up its “climate finance” program by one-third, potentially to $29 billion annually, even though its genocidal “green” programs have caused death, desolation, and millions of refugees.
World Bank President Jim Yong Kim (shown) has announced that the World Bank Group plans to boost its spending on “climate finance” by one-third, to as much as $29 billion annually, “to help countries tackle the impacts of climate change and move toward low-carbon growth.” Kim made the announcement on October 9, in Lima, Peru, where the World Bank Group and International Monetary Fund were holding their annual meeting with national finance ministers and central bankers.
The funding scale-up, according to the World Bank press release, is being planned in anticipation of world leaders adopting a new global warming compact at the fast-approaching United Nations climate summit in Paris. “The climate meeting will be held in Paris at the end of November and December and aims to strike a global agreement on climate, which includes delivering on a promise to provide developing countries with $100 billion a year in climate financing by 2020,” the release stated, and continued, “The World Bank Group’s announcement responds to developing countries’ calls for new resources to help address climate challenges.”
“We are committed to scaling up our support for developing countries to battle climate change,” Jim Yong Kim said. “As we move closer to Paris, countries have identified trillions of dollars of climate-related needs. The Bank, with the support of our members, will respond ambitiously to this great challenge.”
“From Billions to Trillions”
As we reported recently, the economic costs to finance the UN’s Sustainable Development Goals, which are integrally tied to the UN’s climate hustle, would be astronomical, as is audaciously acknowledged in the World Bank-led report From Billions to Trillions: Transforming Development Finance.
If the UN and its alliance of Wall Street megabanks, global corporatists, the Socialist International, and the major “Green” NGOs have their way, the global accord approved in Paris will impose global carbon taxes, carbon rationing, and carbon credits, the cumulative effect of which will be to transfer trillions of dollars from the middle classes of the developed countries to the banking/corporate elites, the UN, and the corrupt ruling classes of the developing countries.
And if the past is prologue to what we can expect from the UN/World Bank ambitions, there will be a horrendous price in terms of human misery and lives lost from any boost in “climate finance.” Incredibly, while posing as saviors of the poor, officials of the UN and World Bank are culpable for genocidal “climate” policies that have actually killed many people and left millions as homeless refugees.
In an April 21, 2015 article for The New American entitled, “World Bank Schemes Displace Millions of Victims,” foreign correspondent Alex Newman wrote:
https://www.endtime.com/wp-content/uploads/2017/06/720261c577d7822138e43c6db35e5b75_M.jpg 201 380 alphatimes https://endtime.com/wp-content/uploads/2020/06/endtime-logo.png alphatimes2015-10-20 00:00:002018-03-28 16:53:30World Bank: $Billions More for Climate Policies That Created Millions of Refugees