Monday, December 12, 2011
Aussies to give Billions to Third World dictators via Green Slush Fund
If direct financing is used Australia's share of the 100 billion dollar slush fund to be set up by the United Nohoper's organisation is between 2 to 3 billion dollars and the majority of the proposed recipients of our largesse are not democracies in any sense of the word. Aussie taxpayers will be incensed at this misuse of public funds.
The legal architecture of a $100 billion-a-year Green Climate Fund will also be established to finance climate change adaptation for developing countries.
Ultimately, financing the GCF will become the negotiating chip for rich countries to buy off support from poorer ones.
Where the GCF's money is coming from remains unclear.
If financing is direct, Australia's contribution is expected to be between $2bn and $3bn a year.
Australia is unlikely to have to pay this because we will chuck the buggers out before then!