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And people wonder why Greece, Italy and Spain are in a mess.
By Sophie Yeo in Warsaw
20% of the EU’s budget will go towards fighting climate change, climate commissioner Connie Hedegaard announced in Warsaw today.
This equates to €180 billion on climate spending between 2014 and 2020, which will be used to reduce emissions domestically and help developing countries adapt to climate change—three times what was provided in the previous budget.
Much of this will be spent on domestic projects, helping with the development of climate-smart agriculture, energy efficiency and the transport sector.
But of course, much of this is just a PR statement (otherwise 20% of the rest of the EU budget has been cut. Where are those screams?). The money is probably relabeled: shifted from one category to another. Same spending, greener tint.
They even admit themselves, they are taking €15 billion away from overseas aid in order to soothe their anxiety about the weather 100 years from now. This will mean a lot to hungry people in Cambodia.
If I thought that €15 billion would have been efficiently used, this would be a real disaster:
Over the next seven years, €15 billion from the EU’s […]
UPDATE: Cash is being flown to British Troops in Cyprus. The banks will stay shut til Thursday. The finance minister has resigned. [SkyNews]
Remember how the EU was supposed to promote stability?
Sooner or later a central fund managed by central bureaucrats is going to fail in a “central” way. This isn’t it, but we are getting closer to the center.
Without competition between states on currency, Europe left itself open to be a case study in centralized stupidity. The bureaucrats needed to stop the waste of public spending, they needed to halt the corruption, increase competition. And their answer? Steal 10% of depositor’s funds from everyone in Cyprus. It seemed like a good idea at the time.
We are now in new territory. In previous bank bailouts, if anyone took any losses it was the shareholders and the bond holders, and the depositors did not lose any money. In the Cyprus bail out, the bondholders and shareholders lose nothing but the depositors lose about 10%. (Any chance the bondholders of the Cyprus banks include the ECB or IMF?)
Where is the natural law that makes sense in this decision? Don’t punish the shareholders, or the bondholders, […]
So what does this mean? Billions more dollars poured into the uber carbon gravy train? Twenty whole percent?
Current climate spending is estimated at 5-7%. So this might be a big increase. Has the EU gone over the waterfall, or is it more a PR exercise where money that would have been spent on other things is rebadged as a “climate” expenditure.*
The power of a single department may get diffused and spread among lots of departments. WWF are not happy and nor is the European Environmental Bureau. It can’t be all bad. ( 🙂 )
Environment News Service
BRUSSELS, Belgium, February 8, 2013 (ENS) – European heads of state and government have agreed to commit at least 20 percent of the entire European Union budget over the next seven years to climate-related spending.
All-night negotiations in Brussels produced agreement among EU leaders on budget proposals for the rest of the decade, from 2014-2020.
“Climate action objectives will represent at least 20% of EU spending in the period 2014-2020 and therefore be reflected in the appropriate instruments to ensure that they contribute to strengthen energy security, building a low-carbon, resource efficient and climate resilient economy that will enhance Europe’s […]
And who wants Global Warming when you can face avalanches, deep snow, and record cold?
How much fun can you have with 2 meters of snow on your house, and none of that evil coal powered electricity?
What’s happening in Europe and Russia over the last two weeks is not just your average cold-snap. Temperatures reached -28C in Moscow. One point in Russia hit -52.8C (-68F) on Monday.
MOSCOW — Some 215 Russians have died this year in a prolonged period of abnormally cold winter weather, the health ministry said Monday as the overall death toll for Europe rose to well over 600. [National Post]
NASA Earth Observatory. Dark blue areas are -15C below average. White areas are average. Deep Red are 15C above. (See the NASA link below for the proper scale):.
The Danube has frozen over from Austria to the Black Sea, and 224 ships (some delivering fuel) have been stuck in their ports. Schools in Bosnia have been closed for days. Trains in Montenegroare at a standstill, and one train with 50 passengers was stranded in a tunnel for three days before rescuers began evacuating people yesterday.
In Serbia 11,000 villagers are trapped by huge […]
From the Facebook page: Movimento-de-Forconi
During the last couple of weeks, truck-drivers in an advanced western region with 5 million people have blockaded roads and ports protesting at the sudden 40% rise in the fuel price (due to taxes) which is wiping out their business. The fishermen joined in, so did farmers. The area is heavily dependent on road transport, and was apparently paralyzed for days with fuel shortages, and empty supermarket shelves. On the internet, people are describing this as a middle class uprising, and on the verge of revolt. Can you name the location?
…shades of a magna-carta type moment
Possibly not. The mainstream media are not describing this uprising at all … it’s o’ so unnewsworthy. And you can imagine that readers might not care if this were taking place in the back-reaches of Venezuela, the slums of Chad, or the dark corner of Uzbekistan. But it wasn’t. It’s was in the West, in Sicily. Who knew?
Word on the internet is that the middle class producers are rising up en masse. It’s known as the ‘Movimento dei Forconi’ or ‘Pitchfork Movement’. Just like the The Convoy of No Confidence in Australia last August, it […]
When Björn Lomborg wrote that Green jobs were overhyped, a visiting European friend agreed and sent me examples of the spreading inanity of the green-tape-jobs-market that has taken over Europe.
Stefan points out that most Green jobs created by building windmills or solar power are short lived. The permanent “green” jobs are, insidiously, the expanding green bureaucracy and police. In Europe, the green-police fine people for putting plastic in a glass recycling bin. They force people to write lists of what’s in their rubbish bags; to use electricity when it suits the wind-generators, and not the people.
The Green-police are self propagating. They unwittingly create problems that then need even more auditing, advising and checking. Green-police closed off the natural drafts in houses, then when people got sick from the fungus, they sent around officials to create artificial airflow to stop “sick building” syndrome. When green bureaucrats demanded everyone use less water (whether they needed to or not) stagnant ponds were created in places that had water to spare, and that then led to the creation of a new army of green-water-specialists to sort out the putrid ponds. In an exponential pattern, […]
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JoNova 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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