By Willis Eschenbach – Re-Blogged From WUWT
When President Trump pulled the US out of the Paris Climate Agreement, he also pulled us out of paying any additional money to the so-called “Green Climate Fund” (GCF). Sorry, no more green for the greenies’ fund. This is the fund which has been given $7.2 billion dollars of taxpayer money from a variety of countries. It is the fund that countries around the world have been pushing hard to get their hands on. It is also the fund that was supposed to be given $100 billion, so they could parcel it out for corrupt third world politicians and greedy UN rent-seekers to swim around in for decades … dream on.
So let me start with the basics of the GCF. In 2017, all of the countries around the globe emitted a total of about 33 gigatonnes (“Gt”, 10^9 tonnes) of CO2. However, those countries that emitted just under two-thirds of the total CO2 contributed a total of zero dollars to the GCF. Not one penny.
Yep, that’s right. The countries currently emitting almost two-thirds of the total CO2 aren’t putting up a penny for the Green Climate Fund (GCF). Not China. Not India. Not Brazil. Not Russia. Not a host of countries. Only the lucky few have to pay, because … well, “because history” seems to be the favored explanation …
Next, as has often been the case until recently, the US was among the biggest suckers on the planet. Three countries, the US, Germany, and Japan, have put up nearly half of the $7.2 billion dollars that the GCF is currently wasting … but no more. We’re out of that money-losing game.
To see just how bad the GCF waste is, I took a look at the Green Climate Fund “mitigation” projects. These are the projects that are supposed to reduce the amount of CO2 emitted. To date, there have been 22 of them, with a total funding (GCF + other public and private) of $6.9 billion dollars.
And according to their undoubtedly rosy predictions of CO2 saved by windmills, solar panels, building insulation, and the like, all of the projects together will save just under two gigatonnes (Gt) of CO2. Two billion tonnes! That’s a huge weight of CO2 … but what does that all mean?
To understand it, let’s convert that to parts per million by volume (ppmv) of CO2. At present, we’re at 410 ppmv. Back in 1750, we were at about 278 ppmv of CO2.
And according to the UN IPCC, that increase in CO2 is claimed to have caused a temperature increase of 2.0787°C. The reason for the number of decimals will become apparent in a moment.
Now, to increase the atmospheric CO2 concentration by 1 ppmv, you need to emit about 16.8 Gt of CO2. The Green Climate Fund has avoided the emission of 2 Gt of CO2 … so IF their estimates are correct, and IF we got all of the savings today, instead of 410 ppmv it would make the CO2 concentration 409.88 ppmv.
And in turn, this would make the claimed temperature increase caused by CO2 to be smaller … at 2.0771°C.
So IF their estimates are correct, and IF we got all the savings today, and IF CO2 actually were the secret temperature control knob for the planet … if all that were true, the total of all the projects funded by the GCF would cause a temperature reduction of … wait for it … 0.0015°C.
How small a temperature change is this? Well, if you walk up a flight of stairs, which is about ten feet (three metres) vertically, there is a temperature difference due to the change in altitude. How big a difference? Well, temperatures drop about one degree C for every hundred metres you go up in altitude. So in climbing a flight of stairs, you’d experience a temperature drop of about 0.03°C. Three-hundredths of one degree. Far too small to detect without special instruments.
But that’s still twenty times the possible temperature reduction from the $6.9 billion dollars wasted on these GCF mitigation projects, a reduction which was only 0.0015°C. So we’ve spent $6.9 billion dollars for a POSSIBLE decrease of about the temperature difference from the floor to half-way up to your knee … be still, my beating heart …
Or we could look at it another way … how much would we have to spend to drop possible temperatures by one measly degree? Since we are spending $6.9 billion for a possible theoretical drop of 0.0015°C, that would mean that a drop of 1°C would cost us a mere $4.6 TRILLION DOLLARS … with absolutely no guarantee of success.
And people are still whining about the US pulling out of this cockamamie Green Climate Fund??? Does the phrase “Don’t throw good money after bad!” still mean anything these days?