UN Climate Funds Given To Japanese Companies To Build Coal Power Stations!
By Paul Homewood
Woops! Newsweek report:
About $1 billion in Japanese funding that Japan claimed was part of a UN initiative to help developing countries take action against climate change went, unnoticed, towards Japanese companies for the construction of three coal-fired power plants, the Associated Press reported Monday.
The slip-up highlights major gaps in oversight when it comes to funding climate projects in developing countries. The three power plant projects, built in Indonesia by Japanese companies, were listed as “climate finance.” But the U.N. has no formal definition of what constitutes legitimate climate finance, nor does it have a watchdog agency to ensure climate dollars end up in appropriate places.
Japan allocated the funding to Japanese companies under U.N. loans described as “thermal power plants,” with no indication that they were coal-fired projects.
The funding came from a pot of money established by the U.N. in 2009, when wealthy nations pledged to accumulate $30 billion in climate finance over the following three years. At the time, Japan agreed to provide about half that sum. Meanwhile, the recently-established Green Climate Fund, which has similar goals to help poorer nations adapt to the warming climate, also has no watchdog agency or formal definition of climate finance, according to the AP. President Obama recently pledged $3 billion to the fund.
Read the rest here.
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NOT A LOT OF PEOPLE KNOW THAT 
That is really good news for Indonesia and a really good use for the “Climate Fund”.
Agreed. However, the utter incompetence here is astounding.
I agree, its probably actually doing the Indonesians more real good than many other internationalist projects. Question is do we really want to be subsidizing Japanese industry to achieve that? But what do you expect when you have a pot of $3 billion that says “Free Money!”
This is adaptation money obviously. With a warming climate they’ll need more power plants to keep those newly purchased air conditioners running.
Reblogged this on Tallbloke's Talkshop and commented:
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Can’t. Breathe.
B.S. Modern coal plants don’t emit pollution, just CO2. Which stimulates deeper breathing. YCLIU.
Love those back-lit plumes of water vapour.
Someone must have attended a BBC workshop on scary-photo selecting.
I just saw the photo on tallbloke and had to remark in a similar vein. You beat me to it! I hate crap like that!
(Not that you eat me to it, but that willful playing on ignorance like that makes water vapor seem like “dirty” coal to the ignorant.)
The exhaust plumes are actually front lit – they’ve just dialed up the Contrast in Photoshop.
This shows not all are stupid, some can still build good power plants, even by Robin Hood methods. This companies saved the money from being wasted in wind mills and solar panels.
it is OK, as long as they remove the poisons from the exhaust….CO, SO2, SO3, heavy metals.
CO2 is fine. It is like dung in the air. I can prove that it is.
The world demands its CO2 ration. Interfere at your peril.
In a similar vein, I’ve just spotted this story:
“Critics allege misuse of funds by US ecology project”
http://www.nature.com/news/critics-allege-misuse-of-funds-by-us-ecology-project-1.16498
“NEON is planned to consist of 106 sites across the United States. Arrays of sensors at each site will monitor climate change and human impacts for 30 years, building an unprecedented continental-scale data set.”
Hilarious, of course!
Hi from Oz. I think that this demonstrates that the Japanese government is smarter than the UN, which was silly enough to fail to define either “climate finance”‘ or “thermal power plant”. But they are handing out other people’s money, so who cares? Governments all over the world (both givers and receivers of this largess), take note! BTW, our PM, Tony Abbott, already has!