Wealthy nations will create a “loss and damage” fund that will provide money to countries that have suffered from climate-related “disasters” such as droughts or hurricanes, according to a draft proposal seen by Reuters. However, most of the details of the financial framework will be decided and agreed upon in 2023 at the next COP conference that will take place in Dubai.
“There is only an agreement to agree next year, which is not an agreement,” Energy and Environmental Legal Institute senior legal fellow Steve Milloy told the Daily Caller News Foundation. “This is a face-saving fake deal to keep stringing poor countries along in order to keep the Paris hoax alive.”
The point isn’t that the deal is “fake,” because eventually the loss and damage fund will become real and the United States and other nations are going to have to pay up. The point is that this change in policy by the United States will enable this scheme to get off the ground and become a reality.
Guess who is going to be first in line with their hand out when this climate fund becomes real? The second richest nation on the planet — China — is still considered a “developing country,” meaning it would be eligible for funds from the “loss and damage fund.” – READ MORE