In light of that and the large number of other international conferences that have been held this year, taxpayers around the world – who will be supporting the conference and the delegations being sent there – might question whether the conference will constitute good value for money. This research note provides the first estimate of the total cost of the conference.
- A conservative estimate of the total cost of Copenhagen is £130 million ($215 million, €143 million).
- This estimate is based on the Danish government budget and the costs to participating governments of sending 15,000 delegates – including flights, accommodation, food, conferencing facilities and salaries paid to delegates while they are at the conference. It is a conservative estimate as it leaves out costs such as the need for supporting work by staff in the home countries.
Matthew Sinclair, Research Director at the TaxPayers Alliance, says:
The politicians and bureaucrats going to Copenhagen seem to think that its unlikely that theyll reach a deal and they know that even if they can get something signed, an increasingly sceptical public arent going to accept ever more expensive climate change policies. This means that a huge amount of money is going to be spent on the summit, and thousands of tonnes of carbon dioxide emitted to get there, just to give the delegates a good photo opportunity. Politicians need to stop this expensive jamboree and instead focus domestically on bringing down the ruinous cost to ordinary families of green taxes and regulations.
The information in this article was current at 02 Dec 2011