The UN Green Climate Fund isn’t “green” nor is it about the climate. It is simply foreign aid under another name. David Wojick explains why and concludes, “It makes no sense for donor countries to run billions of dollars of their limited foreign aid money through the fraudulent and wasteful Green Climate Fund.”
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The UN Green Climate Fund is a Wasteful Fraud
By David Wojick, as published by CFACT
The UN Green Climate Fund (“GCF”) is neither Green nor about climate. They are mostly just doing normal foreign aid that the donor countries would be better off doing themselves. They have received and spent over $20 billion to date, with more billions coming.
For example, they fund a lot of water supply systems in dry countries. They call it “climate change adaptation,” but it is not adaptation to climate change. It is addressing a condition that has always existed. It is fraud to call this “climate funding.” The same is true for flood protection in flood-prone areas or improving existing farms, which they also do a lot of.
Moreover, much of this so-called adaptation funding actually increases CO2 emissions, so it is not even green.
A fine example is their biggest funding to date, which is part of the huge Jordan Desalination Project. The GCF says that Jordan is among the world’s driest countries, so it certainly needs water. But Jordan has been this dry throughout its history, so the project has nothing to do with climate change.
Then too, desalination uses lots of electricity and Jordan’s electric power production is around 70% fossil-fueled, mostly with natural gas. The project includes a token solar facility, but it only covers a small fraction of the 24/7 energy required for desalination and pumping the water up to the users, most of whom are around 1,000 meters higher than the plant.
Nor is this a GCF project. Exact numbers are hard to come by, but the GCF share of the $6 billion budget looks to be around just 5%. The rest is an international grouping of standard foreign aid sources, including development banks and individual countries.
In fact, GCF boasts that it normally just co-funds projects via a minority share. In many cases, probably most, these co-funders are standard foreign aid sources. This may help explain why many of the projects GCF funds are neither green nor climate-change-related. Countries getting foreign aid are getting real help.
The glaring question is why GCF donor countries are running some of their foreign aid through the GCF. If they want to do green climate stuff, they would be better off doing it themselves. If they think the GCF is doing green climate stuff with their money, they are being cheated.
What makes this trickery even worse is that the GCF is a truly inefficient, hence bloated, bureaucracy. A lot of the money is going to administrative costs and fees, which normal foreign aid does not incur.
To begin with, the GCF does not fund projects directly. It does it via what are called “accredited entities.” Here is how the GFS puts it:
“The GCF AE [Accredited Entities] network comprises 158 entities approved by the Board for accreditation. The network includes a wide range of entities such as government ministries, national development banks, multilateral and commercial banks, United Nations agencies, international financial institutions, and national and international non-governmental organisations.”
These entities bring proposed projects to the GCF. In many cases, perhaps all, the budget will include their fee, which could be substantial. Accreditation itself is an elaborate process that must get paid for.
Then too, the project proposals and the proposal process are so elaborate that the GCF has a programme to fund their preparation called the “Project Preparation Facility.” Here is the GCF’s description:
“The Project Preparation Facility (PPF) provides financial and technical support through grants, both reimbursable and non-reimbursable, as well as equity, to support the development of high-quality project and programme funding proposals for submission to the Green Climate Fund (GCF).”
There are also things called “institutional capacity building” and “readiness.” GCF is even developing regional offices in developing countries around the world.
All of this expensive administrative spending is just waste when compared to the existing system of standard foreign aid.
It makes no sense for donor countries to run billions of dollars of their limited foreign aid money through the fraudulent and wasteful Green Climate Fund.
About the Author
David Wojick, PhD, is an independent policy analyst and senior advisor. Often working as a consultant on understanding complex issues, Dr. Wojick’s numerous clients have included think tanks, trade associations, businesses and government agencies. Examples range from CFACT to the Chief of Naval Research and the Energy Department’s Office of Science. He has served on the faculty of Carnegie Mellon University and the staff of the Naval Research Laboratory.
Featured image: Screenshot of the ‘About’ page for the UN Green Climate Fund.
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It’s high times for all nations to abolish everything that is related to globalists’ agendas.
Countries all over the world was DUPED to accept the “UN’s CLIMATE NARRATIVES” using tweaked data & fraud statistics from all-time notorious serial-liars of both NOAA & NASA.
The problem with this ongoing lies, every country & everyone still let them run this massive fraud until today. Why?
Everyone was “KEPT-BUSY” with intended narratives of gaslighting religion-phobias, UN’s forced immigrants, fake pandemic, virus fairy-tale & ever increasing daily necessities costs. Why?
Everyone “IGNORING” the real threat of “Elephant in the room” of globalists’ organization of UN (WEF/UNHCR), WHO (FDA/NIH), Giant PHARMA & even our own government just right under our nose running all kind of fraud. Why?
Ask these questions to ourselves first and then look at the external problems. Are we let this happened? or our fate already decided to be this way from beginning.
Hope never lost until we give up, handed over our own rights to the hands of fraud people that always gaslighting everybody about petty problem of religion based & race card. STOP all these nonsense first & focused on those fraud organizations by exposing their narrative & agendas.
Keep on exposing them, not focusing on something that make us fight with each other while “they” clapping & laughing watching our meaningless struggles..!!!!!!!!!!!
Someone ought to ask everyone of our federal politicians why our taxes are being thrown at these parasites. And require proof of some positive outcome independently evaluated.
it makes me really angry that we have the most expensive Heating bills in the world in UK because of the Net Zero scam our government is enforcing . They have monopolised the market so that the people have to pay these extortionate prices they cannot afford for what is a basic necessity. The whole set up is designed to keep us poor and bleed us dry it is fraud and corruption and those in government do not want to do anything about it because they are getting rich on it.