It is now readily apparent
that the main objective of the climate hysteria campaigns of NGOs like Oxfam
and WWF is the Climate Green Fund. Why? These are money hungry NGOs and they
will exploit every conceivable avenue to increase their funding. Particularly
so, as these NGOs have seen their revenues has taken a huge hit due to the
economic downturn in the US and Europe. They look at the Climate Green Fund to
bail out their operating deficits using the justification of developing and
poor countries.
The problem with the
Climate Green Fund is that while the decision to establish the fund was taken
in COP Durban, despite pledges, the fund has seen practically seen little
money. To get this around, both Oxfam and WWF joined hands to advocate carbon
taxation of both the aviation and shipping sectors. The latter proposal was
shot down in Durban meet. However the EU unilaterally announced its decision to
tax all foreign flights originating and terminating within Europe.
India, the US, Russia and
China formed an alliance and opposed such a unilateral decision. Due to
vehement opposition from these countries, the EU was forced to suspend the
decision for a year last month. But such a step is not considered sufficient.
The opposing countries would want the policy permanently withdrawn and
President Obama fires a fresh salvo.
(Planet Gore) President Barack Obama
signed a bill on Tuesday shielding U.S. airlines from paying for each ton of
carbon their planes flying into and out of Europe emit, despite a recent move
by Europe to suspend its proposed measure for one year.
The carbon fee bill was the
first piece of legislation debated on the House floor after Congress returned
from recess on November 13, and had been cleared by the Senate in September in
a rare unanimous vote.
It directs the U.S.
transportation secretary to shield U.S. airlines from Europe’s carbon emissions
trading scheme (ETS) if he or she deems it necessary.
Lawyers have said the bill is an unusual piece
legislation because it would prevent U.S. companies from complying with the
laws of another country.
“It never made a bit of sense for European
governments to tax our citizens for flying over our own airspace — and with the
passage of this law we’ve got the tools we need to prevent it from happening
and protect American jobs,” said Democratic Senator Claire McCaskill, a co-author
of the bill.
But China’s response was even better.
The EU had also been under
pressure from China, one of the world’s fastest growing markets for aircraft,
which had threatened to cancel orders of European Airbus aircraft if the EU did
not back down from applying its ETS on all airlines.
“That’s a pretty nice
aviation industry you got there. Would be a shame if anything happened to it. .
.”
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