"Every age has its peculiar folly; some scheme, project, or phantasy into which it plunges, spurred on either by the love of gain, the necessity of excitement, or the mere force of imitation. Failing in these, it has some madness, to which it is goaded by political or religious causes, or both combined." - Charles MacKay, Memoirs of Extraordinary Popular Delusions and the Madness of Crowds, London 1852.
Obama’s £100 Billion Climate
Promise May Sink UN Climate Deal
China’s Demand For UN
Climate
Deal: $100 Billion
President Obama arrives [in Copenhagen] on Friday morning bent on applying a
combination of muscle and personal charm to secure a climate change agreement
involving nearly 200 countries. The world is looking to Mr. Obama to wrest some
credible success from this process. The administration provided the talks with
a palpable boost on Thursday when Secretary of State Hillary Rodham Clinton
declared that the United States would contribute its share of $100 billion a
year in long-term financing to help poor nations adapt to climate change. --
The New York
Times, 17 December 2009
What once seemed a harmless token of good will from rich countries to poor ones
could derail negotiations over a global climate deal next year. Developing
nations want industrial countries to contribute the $100 billion they promised
for a Green Climate Fund by 2020 to pay for clean energy and other projects
meant to help them adapt to a changing climate. That $100 billion was never
realistic. Rich nations that were expected to contribute when the U.N. started
the fund in 2010 aren't feeling rich anymore. Unless developing nations drop
their demands, negotiations over a binding climate pact next year in Paris
might be over before they really begin. --Zack Colman,
The Washington
Examiner, 29 September 2014
While President Obama challenged China at the United
Nations to follow the U.S. lead in pushing for drastic reductions in national
carbon emissions to save the planet from “climate change,” it appears that
China has dramatically different ideas. As in: no. China insists that the U.S.
and other developed countries endure most of the economic pain of carbon
emission cutbacks, and need to make significantly more sacrifices in the months
ahead. A promised $100 billion in annual climate financing that Western nations
have already pledged to developing countries for carbon emission control and other
actions by 2020 is only the “starting point” for additional Western financial
commitments that must be laid out in a “clear road map,” which includes
“specific targets, timelines and identified sources.” --George Russell,
Fox News, 24
September 2014
Global communities might have missed India’s point at the climate summit
in New York on September 23, but Prime Minister Narendra Modi made up for the
loss four days later by articulating the country’s views on the necessary
actions to be taken to face the challenges of climate change during his UN
general assembly speech on 27th of September. In a remark which may disappoint
rich nations, specifically the US, Canada and the European Union (EU)
countries, Modi insisted on the principle of “common but differentiated
responsibilities” (CBDR) and made it clear that this should “form the basis of
continued action” in future. It’s a clear signal that India will not dilute its
well-stated position when the country representatives would assemble in Lima,
Peru in December for climate change negotiations in the run up to the global
deal in Paris next year. --Vishwa Mohan,
The Times of
India, 28 September 2014
Have we beaten “peak oil”? For decades, it has been a doomsday scenario
looming large in the popular imagination: The world’s oil production tops out
and then starts an inexorable decline—sending costs soaring and forcing nations
to lay down strict rationing programs and battle for shrinking reserves. But a
growing tide of oil-industry experts argue that peak oil looks at the situation
in the wrong way. The real constraints we face are technological and economic,
they say. We’re limited not by the amount of oil in the ground, but by how
inventive we are about reaching new sources of fuel and how much we’re willing
to pay to get at it.
--Russell
Gold,
The Wall Street
Journal, 29 September 2014
From the beginning 25 years ago the arguments over climate science have
dominated the scene and distracted us away from the fundamental problem: the
prescribed method for preventing climate change is essentially replacing nearly
all hydrocarbon energy, in the space of less than two generations. For the
developing world, it means remaining poor for several more decades. The
developing world needs to triple its energy supply over the next generation if
it is going to raise hundreds of millions out of abject poverty, and that means
using abundant hydrocarbon energy, not expensive boutique energy popular with
ever-preening rich Americans and Europeans. The climate change community has
reacted to this wreck of a policy not with second thoughts or openness to alternative
frameworks, but with rage. --Steven Hayward,
Forbes, 29
September 2014
Owen Paterson:
Fight Against Climate Change ‘May Cause More Harm Than Global Warming’
No New Climate
Targets Without Binding
UN Climate Agreement, EU Energy Chief
Measures to combat climate change may be causing more damage than
current global warming, a former environment secretary has said. Owen
Paterson, who was sacked in David Cameron’s reshuffle in July, attacked what he
described as a “wicked green blob” of environmentalists for failing to explain
the pause in global warming. --Matt Dathan,
The Times, 28
September 2014
There has not been a temperature increase now for probably 18 years, some
people say 26 years. So the pause is old enough to vote, the pause is old
enough to join the army, the pause is old enough to pay its taxes. We were
never told the pause was coming along, there are – as I understand it – about
30 different explanations for it and nobody explains why the pause is suddenly
going to disappear and we’re going to get back on the track upwards. So I’m
concerned that the measures being taken to counter projected dangers may actually
be causing more damage now than those dangers. –Owen Paterson,
The Times, 28
September 2014
Europe should only push ahead with its planned cuts to carbon emissions if the
rest of the world agrees to a global climate change deal at a crunch summit in
Paris next year, according to the EU’s energy chief. “If there is no binding
commitment from countries as India, Russia, Brazil, the US, China, Japan and
South Korea, whose governments are responsible for some 70% of global
emissions, I think it is not really smart to have a -40% target,” the EU’s
outgoing energy commissioner, Gunther Oettinger, told an oil and gas conference
in Brussels. --Arthur Neslen,
The Guardian, 25
September 2014
In a blow to American hopes of reaching an international deal to fight global
warming, India’s new environment minister said Wednesday that his country would
not offer a plan to cut its greenhouse gas emissions ahead of a climate summit
next year in Paris. The minister, Prakash Javadekar, said in an interview that
his government’s first priority was to alleviate poverty and improve the
nation’s economy, which he said would necessarily involve an increase in
emissions through new coal-powered electricity and transportation. It would be
at least 30 years, he said, before India would likely see a downturn in CO2
emissions. --Carol Davenport,
The New York
Times 24 September 2014
What cuts? That’s for more developed countries. The moral principle of historic
responsibility cannot be washed away. India’s first task is eradication of
poverty. Twenty percent of our population doesn’t have access to electricity,
and that’s our top priority. We will grow faster, and our CO2 emissions will
rise. --Indian Environment Minister Prakash Javadekar,
The New York
Times 24 September 2014
Two Nasa astronauts, whose photographs of Earth from space helped to start the
environmental movement, believe the images have been “exploited” by campaigners
against global warming. Charlie Duke, a member of the Apollo 16 mission in 1972
who took one of the blue marble images, told last week’s Starmus science
festival in Tenerife: “Climate science is bogus. The world has got no warmer
for more than 15 years. It is a great irony that the images taken on the Apollo
missions have been used in this way. We helped to start it [the environment
movement] but I do not agree with it.” Walter Cunningham, who flew on Apollo 7,
said: “Climate science is one of the greatest scientific fiascos of all time.”
--Jonathan Leake,
The Sunday
Times, 27 September 2014
Germany’s energy revolution—its
energiewende—was supposed
to blaze a trail, and show off a new way countries could meet their energy
needs without wrecking their environment or the climate. It was an audacious
experiment, but it’s hard to read much success out of it these days. It’s hard
to imagine a worse set of outcomes for Germany — higher electricity prices, a
rising reliance on the dirtiest fossil fuel around (coal), an accelerated phase
out of one of the only zero-carbon baseload power sources around (nuclear), and
a less diverse, less secure energy mix that leaves Germany exposed to the
machinations of exporters like Russia. --Walter Russell Mead,
The American
Interest, 27 September 2014