|Free Cash, $100 billion each year by 2020 "to help mitigation and adaptation" activities of the "world´s poorest countries"|
The Green Climate Fund (= free, almost unlimited cash for some of the world´s most corrupted dictators and regimes) was agreed already in Copenhagen in 2009, but now it is said to have been "launched" at the COP 17 climate change jamboree in Durban.
Fortunately this "launch" is just as fake as everything else "agreed" in Durban:
In practice, however, Durban´s only concrete progress relating to the fund was the agreement that it would be overseen by the UN, as desired by developing countries, rather than the Global Environment Facility (GEF), which the European Union and United States wanted.
The final document does not clarify where the money will come from or how much cash, if any, is already there, which country will host the fund, or who the trustees will be.
The only thing that seems certain is that there will be hundreds of new highly paid taxfree jobs for UN bureaucrats. The UN Green Climate Fond will of course also need a flashy new headquarters somewhere, paid for by taxpayers in the same "somewhere".