The Copenhagen Agreement and a Scary U.N. Power Grab. - WSJ.com

The Copenhagen Agreement and a Scary U.N. Power Grab. - WSJ.com

The "scheme for the new institutional arrangement under the Convention" that starts on page 18 contains the provision for a "government." The aim is to give a new as yet unnamed U.N. body the power to directly intervene in the financial, economic, tax and environmental affairs of all the nations that sign the Copenhagen treaty.

The reason for the power grab is clear enough: Clause after complicated clause of the draft treaty requires developed countries to pay an "adaptation debt" to developing countries to supposedly support climate change mitigation. Clause 33 on page 39 says that "by 2020 the scale of financial flows to support adaptation in developing countries must be [at least $67 billion] or [in the range of $70 billion to $140 billion per year]."

And how will developed countries be slugged to provide for this financial flow to the developing world? The draft text sets out various alternatives, including option seven on page 135, which provides for "a [global] levy of 2 per cent on international financial market [monetary] transactions to Annex I Parties." Annex 1 countries are industrialized countries, which include among others the U.S., Australia, Britain and Canada.

To be sure, countries that sign international treaties always cede powers to a U.N. body responsible for implementing treaty obligations. But the difference is that this treaty appears to have been subject to unusual attempts to conceal its convoluted contents. And apart from the difficulty of trying to decipher the U.N. verbiage, there are plenty of draft clauses described as "alternatives" and "options" that should raise the ire of free and democratic countries concerned about preserving their sovereignty.

Think this can't happen? Remember "Spread the wealth."