(ReclaimingAmerica.net) – John Kerry’s global shakedown scheme to direct substantial amounts of American taxpayer funds toward international “climate reparations” is being met with skepticism, as experts suggest it might have minimal impact on actual climate change and is unlikely to progress past discussions, according to the Daily Caller News Foundation.
Environmental activists and representatives from developing nations advocate for a “climate losses and damages fund.” This fund would entail countries with a history of high greenhouse gas emissions, like the U.S., to channel significant amounts of money through global institutions. The goal? To financially compensate developing nations for the perceived impacts of climate change, as reported by Axios.
The current debate revolves around how the fund should be structured. The U.S. has proposed that the World Bank oversee it. However, some developing countries express reservations, fearing U.S. influence over the bank might enable loopholes.
Interestingly, China, despite being the world’s second-largest economy and top greenhouse gas emitter in 2022, might not be obligated to contribute due to its “developing country” status as recognized by the UN.
Tom Pyle, president of the American Energy Alliance, remarked on the proposal, stating, “I have to hand it to them: they keep coming up with new and clever ways to redistribute wealth.” He further described the idea as “frivolous and fantastical,” doubting that Congress would ever allocate funds for such a purpose.
On the other hand, John Kerry, Special Presidential Envoy for Climate, has emphasized the urgency of addressing climate-related damages and losses. He told The Guardian, “How can you look somebody in the eye, with a straight face, and not accept the notion that there are damages, there are losses? We see them all around the world.”
Dan Kish from the Institute for Energy Research criticized the Biden administration’s approach, suggesting that sending billions to foreign governments might not sit well with the American public.
The U.S. is now in the delicate position of advancing the fund’s objectives while avoiding potential legal repercussions for its historical carbon footprint.
Larry Behrens, from Power the Future, commented on the situation, indicating that such “climate reparations” might be perceived as a global shakedown by climate activists.
The State Department, the White House, and the UN’s climate change office are yet to issue official statements.