Beam me to Planet Gore !
Posted on 01/22/2009 10:43:37 PM PST by Tailgunner Joe
BRUSSELS/LONDON, Jan 22 (Reuters) - Rich nations could raise $200 billion in climate funds through a levy on their greenhouse gases from 2013-2020 to help poor countries prepare for global warming, the European Union will say next week.
The plan is set out in an EU paper outlining the bloc's position ahead of U.N.-led climate talks in Copenhagen in December, meant to agree a new, global climate treaty.
The fund-raising idea is the most specific yet from any rich country or bloc on how to persuade developing nations to agree binding, concrete steps to slow their greenhouse gas emissions -- one of the key obstacles in climate talks so far.
The draft paper to be published next week, and seen by Reuters, calls on rich countries to pay for developing countries to cut their greenhouse gases, called mitigation, and prepare for unavoidable warming, called adaptation. "All developed countries will need to contribute to financial resources for adaptation and mitigation in developing countries via public funding and the use of carbon crediting mechanisms," it said.
Rich countries should commit to binding limits on their greenhouse gas emissions through 2020. They could then pay a set price for every tonne of emissions, the paper said, under one of "two principal options to generate funding".
The other option would be to pay at rates per tonne on a global carbon market, and so not guarantee a price.
(Excerpt) Read more at reuters.com ...
This is just the beginning..
Gee, I wonder if China will pay those taxes?
Freakin’ insane.
Novel idea. Force productive countries to send their money to poor, non productive countries so the non productive countries can prepare for climate change........
commies!
Europe, fiddling while Rome burns...
The check is in the mail.
-Obama
EU will now have the full cooperation of America in destroying America.
And I thought car insurance was a racket!
200 billion to “protect” the third world from “global warming”. INSANE!
Proceeds to be pissed away by given them to said nations' former colonies? Why not? African and Arab nations are certainly as good as any other nations, right?
...er, pardon me, please...I seem to have barfed up a lung...
Of course there are many more poor than rich nations comprising the U.N.; any wonder what their opinion will be? They’ll see the prospect of receiving trillions in no-strings attached money; they would have to be positively insane to resist.
Why, that's been a winner forever, hasn't it? (do I need the < /sarc> tag?)
China
India
Hey Euroweenies....only ONE minor sunspot appears in the next cycle.....better prepare for an ice age.
A “tonne” of crap.
What "rich nations?" All the financial news I've been reading lately indicates that the US, along with most of the rest of the industrialized nations of the world are in the midst of severe financial crisis and most, if not all, are sinking under huge debt. You can't get blood from a turnip.....
Shove it where the sun doesn’t shine!
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