“They are going to take from the western countries the very large financial resources required to do that.” Monckton said, adding “They will disguise it by saying they are setting up a $100 billion fund for adaptation to climate change in third world countries, but actually, this money will almost all be gobbled up by the international bureaucracy.”
The final text of the accord states that funds obtained from climate financing will be controlled by a “governance structure,” and that a “High Level Panel” will be appointed to decide where the money will come from. In effect, this means that a UN-controlled structure of global governance will override the sovereignty of nation states in collecting and doling out funds obtained under the justification of climate change.'
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