Can the Libs see the scheme of things yet? :lol: :lol: :lol: :lol:
It's as clear as the nose on your face...........
It's as clear as the nose on your face...........
How Much Should Poor Countries Be Paid To Fight Climate Change?
New York Times ^ | June 8, 2009 | James Kanter
What will it take to get developing nations to sign up to a global climate agreement?
A critical part of the answer, it seems, is cold, hard cash.
Wealthy nations are considering just how much poor countries should be paid to help combat global warming. Countries in poorer parts of the world like China and India are demanding that wealthier regions like the European Union and North America fund their efforts at developing clean energy technologies and help them adapt to the effects of climate change caused largely by accumulated emissions from the industrialized West.
Money to fund these efforts is seen as a precondition for reaching an agreement at United Nations climate talks in Copenhagen in December, when nations gather to hammer out a successor treaty to the Kyoto Protocol.
E.U. finance ministers meeting over lunch in Luxembourg on Tuesday are expected to discuss the thorny question of what would represent a fair amount, according to E.U. diplomats.
Even though the Copenhagen summit is just six months away, there are few signs that E.U. ministers are in a position to reach an agreement this week. Poland, for example, opposes using the principle of past responsibility for emissions to calculate the amount richer countries should pay poorer countries.
Indeed, some of the numbers on the table are substantial. In one of the scenarios that is expected to be discussed by E.U. ministers on Tuesday, rich-world countries would pay developing countries more than $140 billion each year.