COP26 heading for the rocks?
Date: 18/06/21
GWPF & Financial Times
As the geopolitical risks and astronomical costs of the West’s unilateral Net Zero agenda become ever more evident the planned UN climate summit later this year (COP26) seems to be heading for the rocks.
UN climate chief Patricia Espinosa admitted there had been a lack of progress
Unsurprisingly, the reluctance of Western governments to deliver its pledge of an annual $100 billion transfer fund to more than 100 developing countries is threatening to unravel COP26.
“A major reason for the discord is that rich countries appear to have missed a target of $100bn in annual climate aid by 2020, creating mistrust among the 191 countries that signed the Paris agreement….”
The West’s geopolitical own goal also provides China, India and other emerging nations a rock solid reason to reject Western pressure on any new or binding commitments.
If Biden, Boris and the EU thought emerging and developing nations would simply cave to their unrealistic Net Zero demands they should think again. It’s not going to happen.
https://www.thegwpf.com/un-climate-summit-cop26-heading-for-the-rocks/
