BAKU, Azerbaijan — After two weeks of negotiations at the 29th United Nations Climate Summit, the United Nations and its member governments have agreed on rules for a global carbon market led by the world body. The plan would put a price on emissions of carbon dioxide (CO2), the gas of life, and allow carbon credits to be traded. UN officials called this “the foundation on which to build.”
The final agreement signed over the weekend also saw Western governments commit $1.3 trillion a year to “climate” wealth transfers by 2035. The money of Third World kleptocracy and climate change profiteers will come from the remaining middle classes in the West. The United Nations claims these compensations will compensate for “loss and damage” allegedly caused by carbon dioxide in the West.
Of this, about $300 billion a year will begin immediately in the form of “climate compensation” subsidies and low-interest loans. This is three times more than previously promised. The rest of the money will come from government-backed “investments” and possible new international taxes on fuel and aviation in the coming years.
CO2 emissions from transactions
The most important part of the agreement involves the United Nations' “carbon market” program. “This will be an innovative tool that will help direct resources to developing countries and save up to $250 billion a year in implementing climate change plans,” said COP29 President and President of Azerbaijan's Islamic-Marxist government. Deputy Foreign Minister Yaltin Rafiev explained. .
“Once operational, these carbon markets will allow countries to implement climate change plans more quickly and cheaply and reduce emissions,” he continued. “We have a long way to go to halve emissions this decade. But a win on the carbon market here at COP29 will help us get back in the race.”
Decide on the “base to build”
UN Secretary-General António Guterres, former leader of the Socialist International, also called the agreement a good start. “I had expected a more ambitious outcome, both in financing and mitigation, to address the big challenges we face. But this agreement provides a foundation on which to build. “, he said in a statement after signing the agreement.
“It must be fully respected in time,” Guterres continued, touting “multilateralism” (better known to Americans as globalism). “Promises must turn into cash quickly. All countries must come together to ensure we reach the top of this new target. I urge you to take this as a foundation and build on it.”
The UN climate chief, Simon Stier, stressed that the deal was just the next step on a path to an even grander grab for money and power. “Now is not the time to take a victory lap,” Still said. “We need to set our sights and redouble our efforts for Belem (COP30, which will be held in the Brazilian city).”
Islamic Marxist dictator Ilham Aliyev boasted of the success in the summit's final statement. “I see the Baku Leap as a victory for multilateralism,” he said, celebrating the conference's approval of the UN's “carbon market” and rules on wealth redistribution. “COP29 is a turning point in climate diplomacy.”
Will Trump back out?
Following the re-election of Donald Trump, COP29 attendees despaired at the impending withdrawal of the US government and its taxpayer funds from the United Nations climate change process. The president-elect has repeatedly ridiculed the hypothesis of man-made global warming as a “fraud,” “fraud,” and “hoax.” He recently said that eradicating fraud must be a priority.
Some Trump administration cabinet nominees, including Energy Secretary Chris Wright, also echo the president-elect's hostility to concerns about climate change. But a delegation of five Republicans arrived at COP29 with assurances that all climate negotiators support parts of Biden's climate agenda, including emissions reductions.
Dr. William Happer, a former environmental adviser to President Trump and a physicist from Princeton, said efforts to tax and regulate carbon dioxide are dangerous and foolish. In an interview with The New American, he said CO2 emissions should be encouraged. “CO2 is actually good for the world, so people should be encouraged to use it more,” he says.
Thieves were 'insulted'
As expected, Third World governments expressed everything from disappointment to anger. Apparently Western governments should have agreed to hand over even more money. Climate activists, who are largely funded by taxpayers, were also furious at the deal's alleged lack of “climate justice.”
This year's summit featured the same extravagant performances as previous years. First, climate change activists who are funded by governments are making outrageous demands of those same governments. Second, governments have promised slightly less than what was asked for, making them look moderate by comparison. Wash, rinse, repeat.
This year was no exception. The governments and bandits who control the “developing countries” – many of whom were flown to conferences and housed in fancy hotels by Western governments at taxpayer expense – are disgusted by the final numbers of the deal. I could barely suppress my feelings. Some governments even claimed to feel “insulted”.
Panama's climate envoy, quoted in media reports, complained: “This is clearly not enough.” “What we need is at least $5 trillion a year, but we are asking for only $1.3 trillion, which is 1% of global GDP. It's not too much when you think about saving the planet we live in.”
Numerous representatives quoted in media reports also expressed shock at the allegedly “minor” amount. Sierra Leone's top representative, speaking on behalf of African governments, said the agreed wealth transfers “demonstrate a lack of goodwill by developed countries.” In fact, he argued, it's “less than a quarter of what science tells us is needed.”
NGOs whine
So-called “non-governmental” groups also acknowledged that some progress had been made on their agenda, but complained about any media quoting them. “Despite significant headwinds, negotiators in Baku have struck a deal that at least triples the amount of climate finance flowing to developing countries,” said Ani Dasgupta, director of the far-left World Resources Institute.
“The $300 billion goal is not enough, but it is an important down payment toward a safer and more just future,” he continued. “This agreement recognizes how important it is for vulnerable countries to improve access to finance without burdening them with unsustainable debt.”
Still, the European Union, which will have to foot most of the bill if Washington leaves as planned, struck a positive note. The deal, reported by the United Nations, “will bring much more private finance to the table. That's what we need,” the EU representative said. “And with these funds, we are confident that we can reach our $1.3 trillion goal.”
A scam to extort money?
But critics of the entire process scoffed at it all. Craig Rucker, head of a free market-oriented environmental group, said: “The fact that this vast amount of spending goes into the pockets of climate change thieves with little or no impact on the planet's temperature means that the planet I can't go in,” he warned. Committee for a Constructive Tomorrow (CFACT) Group.
Rucker, who has attended most of the past 25 U.N. climate summits, called on President Trump to take the United States “virtually zero” out of the climate talks. “If the U.S. declares 'game over' and leaves the field, let's see how eager Canada, Europe, Japan and Australia will be to keep throwing good money after bad.” he added.
The Biden administration boasted of spending billions of US taxpayer money (and borrowings) on “climate” programs. They were also willing to sign the latest UN agreement, knowing they could not bind President Trump or the incoming Congress. Representatives of the U.S. government who attended the summit repeatedly refused to answer questions from The New American.
COP29 represents further progress on the UN's climate agenda. Globalism, technocracy, dismantling the remnants of the Western middle class, and other agendas all received a major boost. But all of that was just preparation for a bigger leap planned for next year's UN climate summit in Brazil.
President Trump now has the power to completely neutralize the globalist power grab disguised as “climate” concerns. But he will face strong headwinds from Congress, Democratic-run states, liberal big-city mayors, “woke” corporations, the United Nations, and even certain voices within his own cabinet. The fate of civilization may depend on what President Trump does on climate in the coming years.
