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As far as the Climate fund goes, the member nations have agreed to fund that Green Climate Fund even tho no actual agreement has been hammered out, but the fund is not funded by taxes, each participating nation contributes an agreed upon amount.
Just an all-around BULL-HOCKEY statement. No quotations, no citations, if CFACT did say this then PROVE IT, show me a link to this statement at CFACT. Secondly if CFACT did say this, then THEY need to prove where the Obama admin ever proposed this. Let's see the bill. Let's see the UN negotiations or confirmations of a global tax on currency transactions,
I chalk these rumors up to a narrow band of rumor-mongers that never back up their claims, in the hopes that the rumor gains traction and is simply believed at face value.
Driven by populist anger at bankers as well as government needs for more revenue, the idea of a tax on trades of stocks, bonds and other financial instruments has attracted an array of influential champions, including the leaders of France and Germany, the billionaire philanthropists Bill Gates and George Soros, the consumer activist Ralph Nader, Pope Benedict XVI and the archbishop of Canterbury.
“We all agree that a financial transaction tax would be the right signal to show that we have understood that financial markets have to contribute their share to the recovery of economies,” the chancellor of Germany, Angela Merkel, told her parliament recently.
On Sunday, Mario Monti, the new prime minister of Italy, announced plans to impose a tax on certain financial transactions as part of a far-reaching plan to fix his country’s budgetary problems, and he endorsed the idea of a Europe-wide transactions tax.
So far, the broader debt crisis engulfing the euro zone nations has pushed discussion of the tax into the background. But if European leaders can agree on a plan that calms the financial markets, they would be in a stronger position to enact a levy, analysts said.
What do you think "closed door" means? Do you really expect somone to publish an agenda, videotape, and provide transcripts of a closed-door meeting?
Rest assured that the UN is absolutely serious about imposing a global tax. In fact, it has been discussing a global currency tax for years. The "Tobin tax," named after the Yale professor who proposed it, would be imposed on all worldwide currency transactions. Such a tax could prove quite lucrative for the UN, given the vast amount of currency that trades hands at certain times. It also might be a politically acceptable starting point, because most average people do not engage in cross-border currency transactions. A dangerous precedent would be set, however: the idea that the UN possesses legitimate taxing authority to fund its operations.
The Tobin tax is not the only idea being considered. Some have suggested taxing all airline travel or carbon emissions. The ultimate goal is an income tax, which will be imposed after we've all swallowed the concept of UN taxing authority. The Bush administration thus far has been firmly opposed to any global UN taxes, and the State department has officially voiced our opposition. We should all be very thankful for that, because another administration might not have had the same response. It would be a mistake, however, to think the UN tax idea will go away. Some usually sensible nations like Britain and Germany support the concept, and the drumbeat for global government in general has been growing louder since September 11th. Hopefully, this latest bogus UN conference will make more Americans aware of exactly what the organization really intends, which is the imposition of worldwide income taxes.
We need to focus the nation on how truly anti-American the UN is, to generate public support for a complete U.S. withdrawal from the organization. The history of the past 50 years clearly shows that our national sovereignty is incompatible with participation in the UN.
DURBAN: Pakistan won the ‘Robin Hood’ award at the UN climate talks for proposing financial transaction tax (FTT) as an innovative source of financing the Green Climate Fund (GCF), on Saturday.
“The Green Climate Fund is very important for developing countries. Finding sources and channels to mobilise money into the fund is crucial,” said Director UN-II Mirza Salman Babar Beg, who is part of the negotiating team in Durban.
“Out of all the options relating to innovative sources on long-term finance that are on the table, the FTT is easy to implement and monitor and can raise money in hundreds and billions,” added Beg. “There are various studies that support this argument, and so we feel this option should be considered in the negotiations.”
The Financial Transaction Tax, also known as the Robin Hood tax, is a small levy of 0.01%-0.05% imposed on the trade of stocks, derivates, currency, and other financial instruments.
Yes $100 (£60) billion by 2020 to help poor countries adapt to climate change and cut emissions. The main discussion at Durban is how this money for the Green Climate Fund will be raised. One of the most popular suggestion is through a tax on aviation and shipping or the ‘Robin Hood’ or Tobin Tax on financial transactions. There is also a question over who will dole out funds. Will it be the World Bank or a whole new institution? This money will be used to help persuade developing nations to cut emissions and it is essential progress is made on setting up the institutions for the talks to move forward. In the short term there is $10 (£6) billion per annum up to 2013 to help poor countries start adapting to climate change now. The UK has pledged £1.5 billion towards this ‘Fast Start Fund’, of which half has already been spent. The UK has pledged £2.9 billion in total to fighting climate change up to 2015.
Originally posted by Blackmarketeer
Your claim is still untrue and bogus, and your thread title is a lie.
You wrote the thread title in the past tense. Obama, UN to tax US. So this is a done deal? There's a UN resolution signed and agreed upon to tax the US? Care to link us to that resolution? No?
Even CFACT didn't go so far as to claim Obama was responsible for this, you tacked that on yourself.
A new fund to mobilize resources to help developing countries mitigate the impact of global warming made "solid progress" at the three-day meeting in Geneva, Switzerland, reported the transitional committee tasked with designing the fund.
The Green Climate Fund is one of several significant decisions that countries reached at the UN climate conference in Cancun, Mexico, last year.
"The Transitional Committee of the Fund is now fully on track to conclude the design of the Fund for the approval by the UN climate change conference in Durban," said Christiana Figueres, the UN climate chief.
"Clearly, there is ambition on the part of governments to create a fund that will reach a scale that is sufficient to put the economic development of their countries onto a low-carbon and climate-resilient path," said Ms. Figueres, speaking from Bonn, Germany. She said that governments also wanted the fund to be country-driven and integrated into national development planning processes.
The leaders of the G-20 group of major economies wrapped up their two-day annual meeting on Friday with promises to finance the fight against climate change through the Green Climate Fund, protect the marine environment from oil spills, and promote low-carbon development strategies, writes Xinhua.
President Barack Obama said Friday, "We agreed to keep phasing out fossil fuel subsidies - perhaps the single most important step we can take in the near term to fight climate change and create clean energy economies."
The G-20 has established a mechanism to share best practices and information on legal frameworks, experiences in preventing and managing accidents and disasters relating to offshore oil and gas drilling, production and maritime transportation.
At COP 16 held in Cancun, Mexico, from 29 November to 10 December 2010, the COP adopted decision 1/CP.16 in which it decided to establish a Green Climate Fund, to be designated as an operating entity of the financial mechanism of the Convention under Article 11, with arrangements to be concluded between the COP and the Green Climate Fund to ensure that it is accountable to and functions under the guidance of the COP.
The Fund will be governed by the Green Climate Board comprising 24 members, as well as alternate members, with equal number of members from developing and developed country Parties. The assets of the Green Climate Fund shall be administered by a trustee only for the purpose of, and in accordance with, the relevant decisions of the Green Climate Fund Board.
The COP also decided that the Green Climate Fund shall be designed by a Transitional Committee in accordance with the terms of reference in Annex III to decision 1/CP.16 . The Transitional Committee comprises 40 members, with 15 members from developed country Parties and 25 members from developing country Parties, with members having the necessary experience and skills, notably in the area of finance and climate change.
The Transitional Committee shall develop and recommend for approval to the COP at its 17th session to be held in Durban, South Africa, from 28 November to 9 December 2011, a number of operational documents for the Green Climate Fund.
If the GCF is to have adequate and predictable resources to carry out its mandate, then countries will need to commit to long-term and scaled-up finance to the Fund. Parties noted the report of the High Level Advisory Group on Climate Change Financing, established by the UN to explore options for innovative sources for long-term finance.
Originally posted by dawnstar
the economies are a mess and people all around the world have been searching high and low for a safe place to put their money.. dollars to euros, euros to dollars, to yen, whatever looks like it might provide a little stability at the moment...
so, if this report is truthfull, what are the chances that it has a motive that has nothing to do with the ecology, but rather just trying to trap people into their failing currencies??
Originally posted by Blackmarketeer
reply to post by jdub297
No one is disputing the existence of the Green Climate Fund.
Now, can you back up your claim that OBAMA and the UN are going to TAX the United States???
COP and Green Climate Fund is not the question here. Your absurd claim that Obama is trying to tax worldwide currency transaction is.
Recalling that developed country Parties commit, in the context of meaningful mitigation actions and transparency on implementation, to a goal of mobilizing jointly USD 100 billion per year by 2020 to address the needs of developing countries;
Recognizing that recent estimates of international financial flows and investments required to fully address the adaptation, mitigation, technology and capacity-building needs of developing countries are in the range of several hundreds of billions of USD per year,
Also recognizing the importance of public finance in meeting the urgent and immediate needs of developing countries that are particularly vulnerable to the adverse impacts of climate change,
Noting that institutional investors such as pension funds, sovereign wealth funds and insurers control trillions of USD and are seeking long-term investment opportunities,
Also noting that alternative sources have the potential to generate significant funds,
Emphasizing that any funding pledged outside of the Convention shall not be regarded as a fulfillment of the legally binding commitments of developed country Parties and other developed Parties included in Annex II to the Convention (Annex II Parties) under Article 4, paragraph 3, of the Convention and under the Cancun Agreements (decision 1/CP.16), paragraph 98,
Recognizing the evolution over time in developing countriesneeds and their ability to contribute to climate finance,
Also recognizing the priority of developing country Parties that are particularly vulnerable to the adverse impacts of climate change and the adverse impacts of response measures including economic diversification,
1. (Option 1) Decides that in accordance with Article 4, paragraph 3, of the Convention, and to ensure adequacy and predictability of the flow of support to developing countries, a burden sharing mechanism be established to identify the flows of financial support from developed countries, including through the application of an assessed scale of
contributions by developed countries;
(Option 2) Recognizes that each Party determines the mode and source of its contributions in support of the goal of mobilizing USD 100 billion referenced in decision 1/CP.16, paragraph 98;
2. (Option 1) Decides that adequate and predictable financial support shall be provided to developing countries and that equitable allocation of financial resources will be followed, including through criteria based on geographical distribution and/or needs, including urgent and immediate needs related to climate change, while ensuring balance between adaptation and mitigation;
First, you might recall that you first claimed that you couldn't find any "Green Climate Fund" in your alleged search results.