Green Climate Fund

Why does the UN want immunity from prosecution for its Global Warming Fund?

The UN is pushing hard for agreements with nations to extend immunity from prosecution to their global warming piggy bank.

Why do they need this?

These sorts of rear guard actions lend credence tot he suspicion that there is some sort of misfeasance going on already and they are trying to head off prosecutions.

The Green Climate Fund, (GCF) a United Nations-affiliated piggy-bank? intended to finance climate change projects around the world, is determined to win sweeping U.N.-style immunities from prosecutions for its global operations–even though? the U.S., its biggest contributor, opposes the idea, and the U.N. itself says its own diplomatic immunities can?t cover the outfit.

The immunities issue could well spark even deeper opposition from Republican lawmakers in next year?s Congress to the Obama Administration?s aggressive climate change policies–which include a recent $3 billion pledge to the Fund.

?We would definitely be opposed to any extension of immunity to the Fund,? said a senior aide to Republican Senator James Inhofe of Oklahoma, who will chair the Senate Committee on Environment and Public Works starting in January.

?What do they need protection from?? he asked. ?In essence, they are doing business development projects. If you look at the way millions of people do transactions across national borders, they do it without immunity and very successfully.?

Apparently undeterred, fund officials told Fox News that they are now trying to hammer out ?bilateral agreement templates? that could be laboriously negotiated with each country where it operates?a total that could eventually reach the great majority of? the U.N.?s 193 members.

The Fund has already negotiated one agreement of immunity?with its new host country, South Korea, as a condition of moving its headquarters there last year. ? Read more »

Aussies flip the bird at UN climate fund

Good on the?Aussie government, they have flipped the bird at the UN climate fund refusing to contribute anymore to it.

Australia has refused to pay into the UN?s Green Climate Fund, designed to pay for climate change adaptations for developing nations, preferring to cut out the ?Green blob? middleman and finance initiatives directly. The Chinese delegation said that this was ?not good news?. Speaking at the UN Climate Summit in Peru, the Australian delegates also called for commitments from all major economies including China on emissions. (h/t Jo Nova)

Speaking to Associated Press before the summit in Lima, Australian Foreign Minister Julie Bishop, said: “The Green Climate Fund is about supporting developing countries build resilience to climate change. Australia is already doing that through our aid program. From my experience, bilateral work is able to customize responses when we’re working directly with another partner country.”

So far about $10 billion a year has been pledged by rich countries, but the ambition is to go much further. Su Wei, China?s lead negotiator said: “It is not good news [about] Australia, if it is true that they refuse to provide any money to the GCF.

“It also has very important impacts in the negotiating process. It?s a trust-building process. There is still a large gap toward the 2020 targets of $100 billion a year.”

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