The UNFCCC Green Climate Fund was established at COP 16, as described here on the UNFCCC web site:
“At COP 16, Parties, in decision 1/, established a Green Climate Fund (GCF) as an operating entity of the Financial Mechanism of the Convention under Article 11. The GCF will support projects, programmes, policies and other activities in developing country Parties. The Fund is governed by the GCF Board.”
President Obama pledged the United States to contribute $3 billion to the Green Climate Fund, but Congress, in what has now become a useless gesture, did not authorize payments to the Green Climate Fund.
The events leading up to the current situation are important, because they show how entangled the United States has become in the UNFCCC.
The UNFCCC was established at the Rio “Earth Summit” and the UNFCCC treaty was ratified by the United States Senate.
The objective of the UNFCCC is to cut CO2 emissions, and the recent COP 21 meeting in Paris established an agreement where each country, including the United States, is to cut CO2 emissions.
At least 55 countries, representing at least 55% of global climate emissions, must ratify this agreement before it takes effect.
While many in other countries believe the COP 21 Paris agreement is a treaty, the COP 21 agreement was written in such a way as to avoid requiring ratification by the United States Senate. Some say the United States is not legally bound by the agreement … but that is likely to be contested in the courts since theUnited States has ratified the UNFCCC treaty.
Here is how the World Resources Institute describes the process for ratifying the agreement.
“Most countries will sign the Agreement ‘subject to ratification, acceptance and approval,’ making their signature conditional on obtaining the required domestic approval for joining the Agreement. … In the United States, many international agreements are joined as executive agreements based on presidential authority.” (Emphasis added)
The Obama administration claims the COP 21 Paris agreement can be ratified by executive action.
It should be noted that Christiana Figueres, current executive secretary of the UNFCCC, said:
“This is probably the most difficult task we have ever given ourselves, which is to intentionallytransform the economic development model, for the first time in human history. This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for the, at least, 150 years, since the industrial revolution.” (Emphasis added.)
The economic development model to which she refers and wants changed, is capitalism.
We now have a situation where the United States is party to a treaty that is intentionally attempting to upend the economic system of the United States.
This month, the United States, contributed $500 million to the Green Climate Fund even though Congress has not authorized any such payment.
The Obama administration claims its lawyers have developed a legal rationale for using funds authorized for another purpose to be used to make this $500 million contribution to the Green Climate Fund. See video: http://bit.ly/1pxlLbD
Ironically, the United States will have to borrow this money from China, where US taxpayers will be obligated to repay the money with interest.
Tax Payers have now contributed $500 million to the Green Climate Fund, and are on the hook to contribute $2,500 million more.
Nothing to Fear explains how the united States ratified the UNFCCC treaty.
Nothing to Fear is available from Amazon and some independent book sellers.
Link to Amazon: http://amzn.to/1miBhXy