Lumumba Di-Aping, chief negotiator for the G77 group of 130 developing countries, said the deal had “the lowest level of ambition you can imagine. It’s nothing short of climate change scepticism in action. It locks countries into a cycle of poverty for ever. Obama has eliminated any difference between him and Bush.”
John Sauven, executive director of Greenpeace UK, said: “The city of Copenhagen is a crime scene tonight, with the guilty men and women fleeing to the airport. Ed Miliband [UK climate change secretary] is among the very few that come out of this summit with any credit.” It is now evident that beating global warming will require a radically different model of politics than the one on display here in Copenhagen.”
Lydia Baker of Save the Children said world leaders had “effectively signed a death warrant for many of the world’s poorest children. Up to 250,000 children from poor communities could die before the next major meeting in Mexico at the end of next year.”~~~
Negotiators will now work on individual agreements such as forests, technology, and finance – but, without strong leadership, the chances are that it will take years to complete.
What a freakin joke. A death warrant for 250,000 children becaaaaaause? Isn’t it obvious….the third world countries wanted this scam to continue so those rich nations could pay them off. But hey, some people are still getting rich:
No one in the world exercised more influence on the events leading up to the Copenhagen conference on global warming than Dr Rajendra Pachauri, chairman of the UN’s Intergovernmental Panel on Climate Change (IPCC) and mastermind of its latest report in 2007.
Although Dr Pachauri is often presented as a scientist (he was even once described by the BBC as “the world’s top climate scientist”), as a former railway engineer with a PhD in economics he has no qualifications in climate science at all.
What has also almost entirely escaped attention, however, is how Dr Pachauri has established an astonishing worldwide portfolio of business interests with bodies which have been investing billions of dollars in organisations dependent on the IPCC’s policy recommendations.
These outfits include banks, oil and energy companies and investment funds heavily involved in ‘carbon trading’ and ‘sustainable technologies’, which together make up the fastest-growing commodity market in the world, estimated soon to be worth trillions of dollars a year.
Pachauri built up his riches by powering the India based Tata Energy Research Institute (TERI) which later became The Energy Research Institute. The group he was director of since 1981. This group was his launching point in gaining power:
Initially, when Dr Pachauri took over the running of TERI in the 1980s, his interests centred on the oil and coal industries, which may now seem odd for a man who has since become best known for his opposition to fossil fuels. He was, for instance, a director until 2003 of India Oil, the country’s largest commercial enterprise, and until this year remained as a director of the National Thermal Power Generating Corporation, its largest electricity producer.
In 2005, he set up GloriOil, a Texas firm specialising in technology which allows the last remaining reserves to be extracted from oilfields otherwise at the end of their useful life. However, since Pachauri became a vice-chairman of the IPCC in 1997, TERI has vastly expanded its interest in every kind of renewable or sustainable technology, in many of which the various divisions of the Tata Group have also become heavily involved, such as its project to invest $1.5 billion (930 million pounds) in vast wind farms.
Dr Pachauri’s TERI empire has also extended worldwide, with branches in the US, the EU and several countries in Asia. TERI Europe, based in London, of which he is a trustee (along with Sir John Houghton, one of the key players in the early days of the IPCC and formerly head of the UK Met Office) is currently running a project on bio-energy, financed by the EU. Another project, co-financed by our own Department of Environment, Food and Rural Affairs and the German insurance firm Munich Re, is studying how India’s insurance industry, including Tata, can benefit from exploiting the supposed risks of exposure to climate change. Quite why Defra and UK taxpayers should fund a project to increase the profits of Indian insurance firms is not explained.
Even odder is the role of TERI’s Washington-based North American offshoot, a non-profit organisation, of which Dr Pachauri is president. Conveniently sited on Pennsylvania Avenue, midway between the White House and the Capitol, this body unashamedly sets out its stall as a lobbying organisation, to “sensitise decision-makers in North America to developing countries’ concerns about energy and the environment”.
TERI-NA is funded by a galaxy of official and corporate sponsors, including four branches of the UN bureaucracy; four US government agencies; oil giants such as Amoco; two of the leading US defence contractors; Monsanto, the world’s largest GM producer; the WWF (the environmentalist campaigning group which derives much of its own funding from the EU) and two world leaders in the international ‘carbon market’, between them managing more than $1 trillion (620 billion pounds) worth of assets.
All of this is doubtless useful to the interests of Tata back in India, which is heavily involved not just in bio-energy, renewables and insurance but also in “carbon trading”, the worldwide market in buying and selling the right to emit CO2. Much of this is administered at a profit by the UN under the Clean Development Mechanism (CDM) set up under the Kyoto Protocol, which the Copenhagen treaty was designed to replace with an even more lucrative successor.
Under the CDM, firms and consumers in the developed world pay for the right to exceed their ‘carbon limits’ by buying certificates from those firms in countries such as India and China which rack up ‘carbon credits’ for every renewable energy source they develop – or by showing that they have in some way reduced their own ‘carbon emissions’.
It is one of these deals, reported in last week’s Sunday Telegraph, which is enabling Tata to transfer three million tonnes of steel production from its Corus plant in Redcar to a new plant in Orissa, thus gaining a potential 1.2 billion pounds in ‘carbon credits’ (and putting 1,700 people on Teesside out of work).
More than three-quarters of the world ‘carbon’ market benefits India and China in this way. India alone has 1,455 CDM projects in operation, worth $33 billion (20 billion pounds), many of them facilitated by Tata – and it is perhaps unsurprising that Dr Pachauri also serves on the advisory board of the Chicago Climate Exchange, the largest and most lucrative carbon-trading exchange in the world, which was also assisted by TERI in setting up India’s own carbon exchange.
Not only the Chicago Climate Exchange. In recent years he has been appointed to the board of the company Siderian, a venture capital firm, and the Nordic Glitnir Bank. Became chairman of the Indochina Sustainable Infrastructure Fund and been named an adviser to the Credit Suisse bank, the Rockefeller Foundation, and the investment fund Pegasus. And NONE of these companies publish his salary for his “expertise.”
One subject the talkative Dr Pachauri remains silent on, however, is how much money he is paid for all these important posts, which must run into millions of dollars. Not one of the bodies for which he works publishes his salary or fees, and this notably includes the UN, which refuses to reveal how much we all pay him as one of its most senior officials.~~~
But the real question mark over TERI’s director-general remains over the relationship between his highly lucrative commercial jobs and his role as chairman of the IPCC. TERI have, for example, become a preferred bidder for Kuwaiti contracts to clean up the mess left by Saddam Hussein in their oilfields in 1991. The $3 billion (1.9 billion pounds) cost of the contracts has been provided by the UN. If successful, this would be tenth time TERI have benefited from a contract financed by the UN.
So…..the world’s children will die en-masse because of jackasses like Pachauri who use the silly hysteria of man-made global warming to gain power and money or because the rich nations didn’t pay up?