How Much Will COP-19 Cost You?

An important global conference began today in Warsaw, Poland. It’s called COP-19.

You’ll probably won’t read or hear much about it, but you should pay close attention. What happens there, if implemented today, would cost taxpaying citizens of the world $540 trillion and 80% of world GDP over the next 10 years or so to prevent a rise of just +0.17°C worth of global warming.

COP-19 is the 19th Conference of the Parties (COP) of the United Nations Framework Convention on Climate Change (UNFCCC).

Christiana Figueres, Executive Secretary of the UNFCCC, addressed the massive conference that will last from today until November 22nd. The “parties” are every UN member nation and they are all well represented at the meeting.

COP-19’s task is to define the next legally binding upper emission levels set by nation and to identify how much and who will pay to mitigate 3rd world climate change effects.

Her short 590 word speech to open the huge conference is noteworthy because little she said was factually correct.

We gather today under the weight of many sobering realities
– Christiana Figueres

Figueres identified two “realities”.

The first, she said, is we are the first-ever humans to breath 400 ppm air. On that she is mostly right. We haven’t quite hit 400 ppm yet, that will come next year during the growing season, but atmospheric carbon dioxide is likely the highest in human history. Earth’s historical long-term CO2 levels were 280ppm for thousands of years. That’s it for factuality.

The second, she said, is “the devastating impact of Typhoon Haiyan, one of the most powerful typhoons to ever make landfall”.

She didn’t say this, but implied that human-caused climate change is responsible for that typhoon; just like Superstorm Sandy last year and Hurricane Katrina before that were blamed .

She didn’t mention these important facts:

  • The 2013 Atlantic hurricane season is the mildest in 45 years
  • Her own IPCC AR5 report said human-caused climate change hasn’t caused hurricanes yet
  • The latest AR5 forecasts climate change won’t affect hurricanes until late this century
  • U.S. hurricanes, in both numbers and intensity, have been decreasing since 1850

Against the backdrop of sound science and climate effects…
– Christiana Figueres

Three problems:

  1. AGW theory is at it’s shakiest level of support ever
  2. Most “climate effects” (like hurricanes) are exaggerated
  3. 25% of all CO2 emissions have been in the last 17 tears without any temperature rise

The IPCC used to talk about human-caused global warming as “settled science”. They don’t so much anymore. That is because it is less settled than ever.

Evidence supporting AGW caused “extreme climate” events is at its all-time low. In addition to hurricanes, the newest AR5 report backs off on droughts and heat waves as causally related to AGW. As time goes by links to “extreme weather” are decreasing, not increasing.

The NIPCC “Summary for Policymakers” and “Climate Change Reconsidered II: Physical Science” reports provide scientific evidence documenting that AGW theory isn’t “sound science”.

We must urgently level the playing field, and can do so

We must clarify finance that enables the entire world to move towards low-carbon development
– Christiana Figueres

This is where citizen taxpayer cost starts to raise its ugly head.

To “level the playing field” COP-19 will attempt to firm up a start-up $100 billion/yr fund to fight the effects of climate change in less fortunate countries. It is to be in place by 2020. The industrialized “Annex I” nations will be required by law to fund it and the UN then administers the fund for the less fortunate “Annex Level II”.

It’s a sweet deal for the UN.

There is a groundswell of climate action

A new universal climate agreement is within our reach
– Christiana Figueres

The groundswell of climate action has been on the decline since the IPCC received the Nobel Prize in 2007.

Already both Canada and Japan have dropped out of the Kyoto agreement and Australia is about to join them if comments made today by its new anti-climate change Prime Minister, Tony Abbott, are any indication.

With each new COP meeting agreement among the parties seems to be slipping. Binding emission standards that were supposed to be met in 2012 weren’t met and they have been pushed back.

As sticker shock for the price tag to limit temperature rise to +2°C sets in and the inconvenient truth that temperature leveled off over 15 years ago countries are ignoring Kyoto.


This is the conference to move faster, higher, stronger towards the socially equitable and economically sustainable future we want and need
– Christiana Figueres

Fuentres opening remarks at COP-19 reveal the UN’s climate change movement is on shaky ground. Support among member nations is slipping. But it is the price tag that will sink the ship.

Just how much does fixing climate change using the IPCC’s recommended cap-and-trade taxation system cost in dollars and cents?

Australian Topher Field is the first person to calculate the overall cost of the IPCC plan.

According to Field the cost is $540 trillion, or 80% of world GDP over the next decade if UN recommendations were in place today. He explains why in a highly entertaining and educational video called the 50-to-1 Project.


About azleader

Learning to see life more clearly... one image at a time!

Posted on Nov 11, 2013, in Business, Climate, climate change, economics, Economy, Energy, environment, Global Warming, green energy, IPCC, news, Opinion, Politics, science, Taxes. Bookmark the permalink. 2 Comments.

  1. Maybe if the UN quit blowing so much hot air, temperatures might decrease. Just a thought…

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