I was reading Donna Laframboise the other day on the expected arrival of 40,000 delegates to the COP 21 conference to be held at the incongruously chosen venue of the private jet airport of le Bourget. I remembered seeing a breakdown of the horrendous costs of the Copenhagen conference and I idly wondered what the estimated costs are to be this time. Private finance has been sought apparently but there doesn't seem to much on offer anyway. What investors might expect to get out of it, I have no idea. Surely COP doesn't make a profit to be distributed to investors? Or does it?
But French taxpayers will be delighted to know the following:
€187 million budget
With a provisional budget of €187 million, the Paris climate conference will host some 40,000 delegates between 30 November and 11 December 2015.
The French government had initially hoped to fund the event with public money, and had estimated its cost at €179 million over three years in its 2015 budget bill.
The cost is divided between preparation for COP 21, follow-up activities (estimated at €20.5 million), hosting foreign delegations (€7.5 million) and practical organisation. This last category, at an estimated €151 million, is the most expensive, and includes the cost of renting and furnishing the Bourget conference centre, implementing security measures, and providing local transport...
...The French government finally agreed to call on the private sector to bankroll the climate conference to the tune of 20%, or around €40 million.
Local transport?- Bicycles or a brisk walk surely? TM
Bishop Hill
[Yes, I know it's Wiki, but....]
https://en.wikipedia.org/wiki/Paris%E2%80%93Le_Bourget_Airport#History
"In 1977, Le Bourget was closed to international airline traffic and in 1980 to regional airline traffic, but remains serving both domestic and international business aviation."