Bigger forces at play reshaping world’s wealth

Bigger forces at play reshaping world’s wealth, by Graham Lloyd.

The UN’s 2030 Agenda for Sustainable Development is a radical plan for a global “Green New Deal” to redistribute trillions of dollars by capping wealth and introducing a global minimum rate of tax.

Having built a stage for Thunberg, the political class is going to have to deal with the consequences.

French President Emmanuel Macron was shocked that after crying for the cameras in New York, one of Thunberg’s first actions was to sue France — home of the Paris Agreement.

Thunberg and 15 other young people claim in the lawsuit that five countries — France, Germany, Turkey, Brazil and Argentina — are violating the Convention on the Rights of the Child for not taking adequate action to cut greenhouse gas levels.

Macron has described Thunberg’s actions as “radical” and says she should focus her efforts on others, not France, which he thinks is “not blocking the way”. But Macron misunderstands Thunberg’s motivations and those who are behind her.

Thunberg exaggerates the science to call for drastic measures. She accuses most climate scientists and green politicians of “flying around the world” and “eating meat and dairy”. She calls on rich countries to eliminate all emissions within about six years

Under the existing Paris Agreement, China is allowed to keep increasing its greenhouse gas emissions until 2030.

A sign of the tensions within the broader talks is China’s insistence it be classified as a developing country and eligible to receive some of the $US100bn a year in finance that developed nations are expected to pay from next year. …

After years of stalling, Russia finally agreed to sign the Paris Agreement but gave no indication of what actions it would take. The main players, the US, China, India and EU were not prepared to act.