The scheme will put a price on emissions of the gas of life, carbon dioxide (CO2), and allow carbon credits to be traded. UN bosses called it a "base to build on."

The final deal, inked over the weekend, also saw Western governments pledge $1.3 trillion per year in "climate" wealth transfers by 2035. The money for Third World kleptocracies and climate profiteers will come from what remains of the middle class in the West. These reparations are to compensate for "loss and damage" supposedly caused by Western CO2, the UN claims.

Of that sum, about $300 billion annually will be in the form of grants and low-interest loans for "climate reparations," starting immediately. That represents a tripling of previous pledges. The rest of the funding will come from government-backed "investments" and potential new international taxes on fuels or aviation in the years ahead.

Trading Emissions of CO2

The most important part of the deal involves the UN's "carbon market" schemes. "This will be a game-changing tool to direct resources to the developing world and help us save up to $250 billion a year when implementing our climate plans," explained COP29 boss Yalchin Rafiyev, deputy foreign minister for the Islamo-Marxist regime of Azerbaijan.

"When operational, these carbon markets will help countries implement their climate plans faster and cheaper, driving down emissions," he continued. "We are a long way from halving emissions this decade. But wins on carbon markets here at COP29 will help us get back in that race."

Deal a "Base on Which to Build"

UN Secretary-General António Guterres, former leader of the Socialist International, also said the deal was a good start. "I had hoped for a more ambitious outcome — on both finance and mitigation — to meet the great challenge we face. But this agreement provides a base on which to build," he said in a statement after the deal was signed.