7-15-16 – Obama’s Green Climate Fund

by John McClaughry

One of the big deals to come out of Obama’s Paris conference on climate change was a pledge by the western nations to fork over a start toward the $100 billion dollar Green Climate Fund. This fund was created to pay third world countries to impoverish their people by getting rid of fossil fuel energy.

Last March, despite a refusal by Congress to pay into this fund, Obama grabbed half a billion dollars from another fund and threw it into the Green Climate Fund pot. Last month, the House passed a spending bill that again refused to put up money for Obama’s fund.

But the Republican controlled Senate Appropriations committee, on a voice vote, stuck half a billion dollars back into the bill to pay for this handout.

Myron Ebell of the Competitive Enterprise Institute points out that it’s against the law to appropriate any funds for any United Nations entity that recognizes Palestine as a state. The UN FCCC, which will receive Obama’s billion dollars, recognized Palestine in March, so it can’t be given the money. “Moreover,” says Ebell, “by agreeing to provide $500 million in start-up funding for the GCF, a majority on the committee have implied that they are willing to provide full funding of over $21 billion annually when the GCF becomes fully operational in 2020.”

Taxpayers need to say “not one dime in giveaways to buy third world support for goofy climate schemes.”

– John McClaughry is the founder and vice president of the Ethan Allen Institute

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The Ethan Allen Institute is Vermont’s free-market public policy research and education organization. Founded in 1993, we are one of fifty-plus similar but independent state-level, public policy organizations around the country which exchange ideas and information through the State Policy Network.

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