A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).


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Climate Money Paper




The nerds have the numbers on precious metals investments on the ASX



UN Climate Funds build coal plants — do we call it corruption, or is it success?

One more reason not to give funds to the UN, but do enjoy the contortions.

Japan claimed it spent $1b on a particular action against climate change, which made the UN happy. But it turns out that money went to Japanese companies to build coal fired power stations in Indonesia, which makes the UN very unhappy because the UN does not support coal-powered projects, even if they lower CO2 emissions. Coal is evil, after all.

Newsweek:  U.N. climate chief Christiana Figueres was apparently unaware of where those funds wound up until it was brought to her attention by the AP. Figueres told the AP that “there is no argument” for supporting coal-powered projects with climate money, and that “unabated coal has no room in the future energy system.”

Watch the anamorphosis as the PR picture turns inside out. Good money becomes bad money. What was UN money becomes not-UN money.  What was a CO2 reduction (with a more efficient coal fired power) becomes unsupportable.

The journalists at Reuters had to correct their Newsweek article within hours:

This article was corrected to clarify that the nearly $1 billion were not specifically U.N. funds, but rather Japanese funds that [...]

Good news. Australia say NO to UN Green Climate Fund – bypasses Green Gravy Train

Good news. The Australian government is cutting out the enviro-middlemen, saying “No” to one $11 billion Green Blob.

Australia stands as the only wealthy country to have ruled out a contribution to the United Nations’ Green Climate Fund. As of last week, the fund had received pledges from 22 countries totalling $US9.6 billion ($A11.2 billion) against an initial funding target of $US10 billion.

The UN money making scheme was never about the poor or the environment. If it was they wouldn’t be wasting “aid” on so-called clean energy subsidies, which won’t change the weather:

The fund is a new financing mechanism to help developing countries protect themselves from the impacts of climate change and reduce greenhouse gas emissions. It will invest in clean energy generation and distribution, energy-efficient buildings and transport, forest conservation and management, and the “climate-proofing” of infrastructure and agriculture against storms, floods and higher temperatures.

Apparently the Australian government can see that funding these UN agencies is hand-feeding sharks. By paying for environmental aid direct, our tax funds might achieve something useful, and it exposes the hypocritical self-interest of the Green Gravy train. Which environmental groups will praise Abbott and Bishop? All the ones [...]

Thousands will die if we don’t pay the UN enough

The UN Department of Pointless Statistics tells us that 250,000 extra people will die every year from 2030 – 2050 because of climate change. This is assuming that the climate models which have never worked, start to, and that people behave like gladioli, staying put, not building walls, farms or inventing better gladioli homes. It also assumes that a 60% increase global atmospheric plant fertilizer will make no difference to crops.

Indur Goklany tries to help the UN by checking some of their assumptions in his new report: “Unhealthy Exaggeration” GWPF

“He argues that the health organisation wrongly assumed that people would not take practical steps to protect themselves. These include improving water supplies and hygiene to reduce disease and relocating away from stretches of coast most vulnerable to flooding. The assumptions used by WHO are not mentioned in its fact sheet but instead relegated to the third column of a table in the full report, which is based on computer models. The column, headed “potential options not included in model”, reveals that the forecast for deaths from diarrhoea does not include “improved water, sanitation and hygiene”. The forecast for coastal flooding victims does not include “population relocation” [...]

Ocean of climate money dries up. (But millions still paid to bored staff.)

I say, it’s lucky people who want to save the planet do it for the love of it:

National Post:  The Kyoto Protocol’s Clean Development Mechanism (CDM) has helped funnel almost $400-billion into emission-cutting projects in developing countries by allowing investors to earn carbon credits they can sell to companies and governments of richer nations that use them to meet emission targets.

I imagine they love $400 billion too.

This was just one branch of the great green-industrial-machine. (And yet skeptics are winning, she says wickedly, with hardly any money).

But those halcyon days are gone for the CDM — what was $30 per ton, is now 30c.

From 2003, developers flocked to register projects such as destroying heat-trapping waste gasses at Chinese chemical plants or installing hydroelectric power stations in Brazil, and made huge profits by selling the resulting carbon credits for up to $30.40 a tonne in 2008.

But interest has waned while countries wrangled over setting new emission goals under the United Nation’s Framework Convention on Climate Change (UNFCCC), hammering credit prices down to unprofitable levels below $0.30.

There’s a tiny $200 million or so left ticking over in the accounts:

The latest UN financial statements show [...]

Climate Aid: The $39 bn industry, mostly used to slow developing countries

Climate Analytics say that developed nations have paid $35.9 billion dollars into the UN Aid program called FastStart. This was the project rescued from the aftermath of the 2009 Copenhagen climate convention.  Somehow $3 billion of private finance has been tossed in as well, making it nearly $39 billion since late 2009.

As usual, when other-people’s-money is spent on the poorest of the poor, the poor seem to get no say, and not much use out of it either.

[Bloomberg] “Seventy-one percent of the total finance went to emission-reduction ventures rather than adaptation projects such as water conservation or flood defense, today’s report shows.”

Sooner or later, the aid-recipients are going to suffer through a flood or a drought (thanks to climate-sameness). But two thirds of this aid money won’t add up to a dime’s worth of protection. Seventy percent of the funds were used to stop emissions of a fertilizing trace gas instead of preparing people against the ravages of the weather. Indeed most of the money was spent reducing something that would be considered an asset if not for the decree of climate models that we already know are wrong.

Hey, but it’s only $27 billion or so [...]

Renewable energy is a $250 billion dollar industry that makes about 3% of our electricity

In June this year the UNEP report announced that Global Renewable Energy investment reached $257 Billion in  2011. It’s so large it rivals the $302 billion invested in fossil fuel power. But how much electricity do we get for all that money? When the details are pulled from the fog, a quarter of a trillion dollars appears to produce only about 3% of all our global electricity, and even less of our global energy. All that money, so few gigawatts.

The 2012 UNEP report “Global Trends in Renewable Energy Investment” compares the

“…despite an increasingly tough competitive landscape for manufacturers, total investment in renewable power and fuels last year increased by 17% to a record $257 billion, a six-fold increase on the 2004 figure and 94% higher than the total in 2007, the year before the world financial crisis.”

Renewables growth has slowed somewhat:

“Although last year’s 17% increase was significantly smaller than the 37% growth recorded in 2010, it was achieved at a time of rapidly falling prices for renewable energy equipment and severe pressure on fiscal budgets in the developed world.”

The last couple of quarters have not been good for [...]

Rio secrets? They were hiding their failure – (I’m hopeful) Marc Morano cheers on behalf of the poor.

News coming in suggests Rio was a junket to nowhere. I’m still waiting for Monckton to go through the fine print. Is there a sting?

Still it’s not hard to feel happy.

The Telegraph says: “Washout”

It was so bad, even the cheer squad were shocked:

The organisers behind the 1992 Earth Summit, which this week’s meeting commemorated, were shocked and took the extraordinary step of denouncing the agreement in front of key UN officials at a private dinner of the conference’s great and good. Maurice Strong, who ran the previous summit, called it a “weak” collection of “pious generalities”, while former Norwegian premier Gro Harlem Brundtland – whose report gave rise to the 1992 meeting – said governments had “forgotten about the environment”. And Nick Clegg, who led the British delegation, revealed that the Government felt the result fell so far below expectations that it had considered “pulling the plug” on the whole thing.

 It was so bad, the crowd even hints at the End of the UN. (Crack that champers!).

…as one top international official privately put it to me: “The UN could not survive many more meetings like this.” And [...]

“Conspiracy theorist” – just another form of namecalling from the class who want to be Global Rulers

“Conspiracy Theorist” – the taunt you use when you want to “win” the debate without having to argue your point.

When someone points out that the Regulating Class want to bring on a world government, they’re called a “conspiracy theorist”. When the king-pins of the Regulating Class, or their media apostles, actually admit they rather love the idea of a world government, where are the retractions? They can’t hold an honest conversation, let alone budget, plan and spend your money wisely.

Gary Stix – former Scientific American writer – blogs that he used to edit articles on nuclear fusion and clean coal, but now thinks he ought to have written more on psychology, sociology and economics. (See, when their attempts at logic, reason and evidence don’t win over the crowd, the anointed need to explain how stupid, flawed and selfish people are.)

Effective World Government Will Be Needed to Stave Off Climate Catastrophe

Unfortunately, far more is needed. To be effective, a new set of institutions would have to be imbued with heavy-handed, transnational enforcement powers. There would have to be consideration of some way of embracing head-in-the-cloud answers to social problems that are usually dismissed by policymakers as [...]

Billions of dollars sneaks out the door through UN committees

There are billions of dollars of money sneaking out the door of Western Nations and being used to feed the monster bureaucracy, the UNFCCC and its cohort.

In The Carbon Tax that Ate Australia Tony Cox and David Stockwell point out the Australian contributions  fly so under the radar (despite being millions of dollars) that even the Australian government seems to have forgotten they agreed to pay them.   Greg Combet, the minister for Climate Change promises “every dollar of the Carbon Tax will be given back to the people”:

Every dollar raised by the carbon price will be dedicated to supporting households with any price impacts, and supporting businesses through the transition to a clean energy economy. Because we are a Labor government, we will support the most vulnerable in our community — the people who need help the most.

But Combet in Cancun promised  10% of the Australian carbon tax as a tithe to the UN. (And there’s the $599 million as part of the Fast Start Finance program over three years that is in the pipeline.) So which commitment will the Australian government break? Or, let me guess, in the world of spin, the government can give all [...]

Cancun in a nutshell: nothing achieved but it’s a Big PR Success


After the awful post-Climategate-and-Copenhagen year, more than anything else, the Big Scare Campaign needed a PR win. And in that sense Cancun was a major victory. Nobody agreed to anything legally binding, Kyoto was not extended, and all they achieved amounted to nothing more than an extension of the yearly junkets, and the promise that the gravy train is not dead yet. But the headlines will warm the hearts of all on Team-Scare-Us. The most important thing for the side that’s losing friends, faith and face, was to regain momentum. They’re trying to stop the death spiral.

The Australian ABC is only too happy to help be a part of the cheer-squad:

Cancun climate talks reach ‘historic’ deal

BBC lends as much momentum to this as it can swing in a headline:

UN climate change talks in Cancun agree a deal

Andy Revkin, NY Times, talks about “pivotal moments” in reverential tones. It’s a bit like the second coming:

Consensus Emerges On Common Climate Path

No one has actually agreed to anything enforceable, but you’d have to read the subtext to know that.

Richard Black, BBC Environment Correspondent sums it up unusually well:

“The dog is resuscitated [...]