Did Biden Just Put The American Taxpayer On The Hook For Climate Change "Reparations?"

In an effort to avoid headlines announcing yet another Biden administration failure, Kerry agreed to the creation of a fund that would be managed by U.N. bureaucrats and transfer wealth from industrialized nations like the United States to developing nations that claim they have been harmed by climate change.Show more

Kerry was right from the beginning. The Biden administration's surrender will not solve climate change, but it would unnecessarily burden American taxpayers with pointless legal obligations.

The fact that we already have a climate change fund that is intended to aid developing countries is the most obvious problem with starting a new one. Previously, the UN created the Green Climate Fund during the UN Climate Change Conference in 2010.

Rich nations are allegedly expected to provide this group $100 billion annually. Only $10 billion, though, has already been committed. The Obama administration only donated $1 billion to the fund before it left office, despite having pledged $3 billion. The Biden administration has only managed to collect an additional $1 billion so far. Former president Donald Trump didn't give anything to the organization.

Therefore, given that the first climate fund so flagrantly failed to accomplish its goals, why are global climate bureaucrats creating a second one?