Benny Peiser's Global Warming Policy Foundation Reports US Losing Allies & Global Influence
Over Obama’s Green Obsession
Beijing on Wednesday is officially announcing the founding members of its Asia Infrastructure Investment Bank, which will use initial capital of $50 billion — and eventually $100 billion — to invest in infrastructure projects across Asia. The U.S. has lobbied against the new institution, and to the surprise and embarrassment of the Obama administration, the list of participating nations includes nearly every major economy, except for the U.S. and Japan. --Don Lee, Los Ageles Times, 15 April 2015
American diplomats are upset that dozens of countries — including Nepal, Cambodia
and Bangladesh — have flocked to join China’s new infrastructure investment
bank, a potential rival to the World Bank and other financial institutions
backed by the United States. The reason for the defiance is not hard to find:
The West’s environmental priorities are blocking their access to energy. This
conflict is not merely playing out in the strategic maneuvering of the United
States and China as they engage in a struggle for influence on the global
stage. --Eduardo Porter, The New York Times, 14 April 2015
The Australian Cabinet has moved closer to Australia joining the China-led
Asian Infrastructure Investment Bank, despite US concerns about the Chinese
using loans to extend their global influence and to cut across US-led lending policies
limiting loans for clean-coal technology. On Monday, cabinet further discussed
Australia joining the bank with 35 other nations after the Prime Minister
changed his position on the matter, no longer accepting warnings from the US
about the dangers of China’s influence and “excessive accommodation of China”.
Mr Obama’s administration has been tightening international funding for
coal-fired generation but the Asia Infrastructure Investment Bank is likely to
be more sympathetic to the pleas of developing nations. --Dennis Shanahan, The Australian, 25 March 2015
Australia has joined forces with Japan in international forums
to resist the US campaign of limiting lending to developing nations seeking
more efficient coal-fired generation. The technology offers the promise of
cheaper power. The moves follow Mr Obama’s climate change speech at the G20
summit in Brisbane last November. The US President’s remarks, which embarrassed
Mr Abbott and angered his ministers, were seen as an attempt to push the
administration’s climate change policies in Mr Obama’s final year in office.
--Dennis Shanahan, The
Australian, 25 March 2015
With environmentalists calling for divestment from fossil fuels, the former
United Nations climate chief has gone against the grain and defended using the
“Green Climate Fund” to finance coal projects. Yvo De Boer, the former head of
the UN Framework Convention on Climate Change, is not for no restrictions on
carbon dioxide emissions from coal. He said that countries should impose a
carbon tax on emissions to fight global warming, but also to not unfairly ban
any single fuel source. --Michael Bastasch, Daily
Caller, 14 April 2015
Coal [is] an essential part of the energy mix for many developing countries for
decades to come. There are massive challenges in terms of poverty eradication
where coal is a logical choice from a cost effectiveness point of view, and you
really have to be in a position to offer those countries an economically viable
alternative before you begin to rule out coal. It’s strange for me as a climate
person to say that, but it’s an honest answer. --Yvo de Boer, former head of
the UN Framework Convention on Climate Change, Responding
to Climate Change, 11 April 2015
German energy companies say that construction of over half the country’s
planned power plants could be scuppered if the country goes ahead with a leaked
plan to set emissions budgets for the country’s biggest polluters. The issue is
fast becoming a test of the German government’s commitment to decarbonise its
economy, with German trades unions threatening mass mobilisations against a
measure that they say would put 100,000 jobs at risk. --Arthur Neslen, The
Guardian, 15 April 2015
As the Ontario government announces new unilateral climate policies, Canadian
policymakers would be well advised to heed the lessons of Europe’s
self-defeating green energy debacle. --Benny Peiser, Financial
Post, 14 April 2015
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