Energy

UN Frustrated No One Wants To Pay For Another Lavish Global Warming Summit

The United Nations is set to hold its next global warming summit in Morocco later this year — that is, if they can get countries to cough up millions of dollars.

The EU is withholding $13 million from the U.N.’s next climate meeting, which is expected to cost more than $23 million for the venue alone. The European Union has said it’s withholding funds for the Morocco summit because of the country’s claims on Western Sahara.

Climate Home reported Morocco “hoped external donors would be able to offer a large chunk of funding. Canada and the US are also understood to have made offers of support.” They were already worried Morocco “was unprepared to host a meeting deemed critical to boosting climate action,” according to Climate Home.

The financial snafu comes after nearly 200 countries met in Paris last December to hash out a successor agreement to the Kyoto Protocol. Countries agreed to make voluntary cuts to carbon dioxide emissions and give more money to poor countries to use green energy and adapt to global warming.

So, why doesn’t Morocco put up the cash itself? U.N. climate summits are a costly affair, and can take millions of dollars to put on.

Environmental economist Richard Tol estimates U.N. global warming summits cost $100 million every year — all borne by taxpayers from different countries. None of these talks have produced any real results in terms of tackling global warming, according to Tol.

“As a taxpayer I think you should be dismayed,” Tol told those gathered at the libertarian Cato Institute last year.

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