Climate cash

Early in President Clinton's term a lot of emphasis was place on climate change with Vice President Al Gore leading the charge. This resulted in the Kyoto Protocol which Clinton signed in 1998. This however was a treaty and needed senate approval. The senate refused to ratify. It did not even come to a vote because and earlier vote concerning the treaty was defeated 95 to 0. In 2015 the Paris Accords were signed by the US since it did not require senate approval. Over the past 20 years Western European countries along with the United States and Canada have made progress toward the goal of reducing global warming but China and India have wiped out any gains. Both countries are still building coal plants and China is building them at home and around the world. China has 121 gigawatts of coal plants under construction, which is more than the rest of the world combined. The last coal plant in the US was built in 2011 and 300 plants have closed since 2010 leaving only 241plants operating. China has that many plants currently under construction. China says they will reduce CO2 in the future but they also said they would leave Hong Kong free until 2047 but they reneged on that. The US CO2 output is less than it was in 1996 when the population was 70 million less than today. This Paris agreement is all about climate cash. The UN’s Intergovernmental Panel on Climate Change (IPCC) says that an annual investment of $2.4 trillion is needed in the energy system alone until 2035 to limit temperature rise to below 1.5 °C from pre-industrial levels. Where is that money coming from and where is it going?