#showmethemoney

COP24 – checking cash, corruption and cars

It should come as no surprise that the COP24 summit is a time to put the money where the mouth is. Look at the numbers of the delegates from Africa to stake their claim of the wealth redistribution. Guinea has sent the biggest delegation of 406 people. In 2016 the country received over $10.7mn in climate grants. DR Congo’s 237 delegates garnered $45 mn in aid for climate mitigation projects according to the OECD. The Ivory Coast received $114 million in 2016 for environmental aid. Indonesia got $250 million in climate related aid in the same year.  Poland can be forgiven being the host nation to be 3rd place. It receives zip, much like the US and Australia. The COP summits are nothing more than networking events to collect cash from virtue signaling Western governments.

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Putting that in context of the representation amongst all delegates to their representative population, Guinea is at 15.5x. America at 0.1x. Guinea is 86 people lighter than in 2017. The Ivory Coast had halved its delegates on the previous summit.

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One has to question how efficiently these millions given away get to be spent on the intent. Take a look at Transparency International’s global 2017 corruption index. 180 is the worst. 1 is the best. Note the correlation of delegates attending COP24 to those countries with a higher prevalence of corruption?

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There is a touch of irony that the transport recommendations to/from Katowice airport made by the UNFCCC are all diesel vehicles. Not an EV in sight. Surely there was an opportunity to team up with an EV maker to co–sponsor the event? Did the 7,331 observers going to the summit pick up on this? Why didn’t they take advantage of the virtual attendance technology that was available? Better to be there and enjoy the banquets and political graft.

Polandchauffeur

Live free and negotiate

Where money talks

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If there was one thing that could be transplanted into Japanese business culture it would be the Chinese practice of “there is a price for everything”. So often do we see sensible deals slip thru the cracks involving  Japanese corporates based on petty rigidities which serve no other purpose but to scuttle their own long term fortunes. Just 6 hours in HK and already it smells of business opportunity. Clear skies too.