The ‘Green Climate Fund’: An end run
The $1 trillion-plus federal spending bill gives President Obama the flexibility he needs to make his first contribution to the United Nations’ wealth-redistributing Green Climate Fund. But that move could backfire badly, observers say.
Mr. Obama has asked Congress to provide up to $500 million for the fund in 2016. The money is supposed to help developing countries pay for “green energy” initiatives under the Paris climate accord. Never mind how U.S. dollars passing through this sieve will be monitored.
All told, Obama has pledged $3 billion.
Although the GOP congressional majority has adamantly opposed the Green Climate Fund and the corresponding Paris agreement, nothing stops Team Obama from shifting funding from discretionary spending accounts. But future funding is no slam-dunk.
“Whatever funds are offered up for reprogramming purposes will be cut in the next round of appropriations since they are clearly superfluous,” says Sen. James Inhofe, R-Okla., chairman of the Environment and Public Works Committee.
Additionally, the administration’s Clean Power Plan, which dovetails with the Paris accord, could be torn asunder by lawsuits from states, energy companies and interest groups. Then there’s next year’s presidential election.
Better for America’s incoming commander in chief to put U.S. interests ahead of the parasitic Paris climate accord.