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Biggest Obstacle to Global Climate Deal May Be How to Pay for It ($100+ billion annually)
New York Times ^ | October 14, 2009 | Elisabeth Rosenthal

Posted on 10/15/2009 5:09:46 AM PDT by reaganaut1

As world leaders struggle to hash out a new global climate deal by December, they face a hurdle perhaps more formidable than getting big polluters like the United States and China to reduce greenhouse gas emissions: how to pay for the new accord.

The price tag for a new climate agreement will be a staggering $100 billion a year by 2020, many economists estimate; some put the cost at closer to $1 trillion. That money is needed to help fast-developing countries like India and Brazil convert to costly but cleaner technologies as they industrialize, as well as to assist the poorest countries in coping with the consequences of climate change, like droughts and rising seas.

This financing is an essential part of any international climate agreement, negotiators and scientists say, because developing nations must curb the growth of their emissions if the world is to limit rising temperatures. Based on calculations by the International Energy Agency for 2005 to 2030, 75 percent of the growth in energy demand will come from the developing world.

Many developing countries have made it clear that they will not sign a treaty unless they get money to help them adapt to a warmer planet. Acknowledging that a new treaty needs unanimity for success, industrialized nations like the United States and those in Europe have agreed in principle to make such payments; they have already been written into the agreed-upon structure of the treaty, to be signed in Copenhagen in December.

But to date there is no concrete strategy to raise such huge sums. There is not even agreement about which nations should pay or in what proportion.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Foreign Affairs
KEYWORDS: foreignaid; globalwarming
Looking at our deficits and debt, the U.S. needs money from China, not the reverse.
1 posted on 10/15/2009 5:09:46 AM PDT by reaganaut1
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To: steelyourfaith; xcamel

global warming ping


2 posted on 10/15/2009 5:10:16 AM PDT by reaganaut1
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To: reaganaut1; OKSooner; honolulugal; Killing Time; Beowulf; Mr. Peabody; RW_Whacko; SideoutFred; ...
Image and video hosting by TinyPic

FReepmail me to get on or off

Ping me if you find one I've missed.


What a joke.
3 posted on 10/15/2009 5:11:30 AM PDT by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: reaganaut1; enough_idiocy; Desdemona; rdl6989; Little Bill; IrishCatholic; Normandy; ...
Thanx !

 


Beam me to Planet Gore !

4 posted on 10/15/2009 5:12:34 AM PDT by steelyourfaith (Limit all U.S. politicians to two terms: One in office and one in prison!)
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To: reaganaut1
Biggest Obstacle to Global Climate Deal May Be How to Pay for It ($100+ billion annually)

The usual solution...the US taxpayer offered up by our elected officials

5 posted on 10/15/2009 5:18:39 AM PDT by paul51 (11 September 2001 - Never forget)
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To: reaganaut1

All these tin pot “leaders” and the like will have new cars, security forces and luxurious new palaces. Not to mention a great way to finance revolutions, assassinations, and war.


6 posted on 10/15/2009 5:20:04 AM PDT by Dallas59 (No To O)
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To: reaganaut1

Acknowledging that a new treaty needs unanimity for success, industrialized nations like the United States and those in Europe have agreed in principle to make such payments; they have already been written into the agreed-upon structure of the treaty, to be signed in Copenhagen in December.


Somehow, someway, we’ve got to find a way to throw out the morons that are making these insane commitments.


7 posted on 10/15/2009 5:20:23 AM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: reaganaut1

I call NYT BS.
Despite the White House and compnay lies about “deficit neutral,” the shortage of money is not stopping them from attempting to shove ObamaCare down our throats, among other pet projects, etc.


8 posted on 10/15/2009 5:22:57 AM PDT by cranked
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To: reaganaut1
So US companies have to pay to have their own clean air efficiencies put into place but foreign companies will get it for free from... US companies????

So US companies have to pay twice to implement ‘green’ technologies?

How to they expect US manufacturers to be able to compete? Don't these morons know ANYTING about economics??? Cost-of-goods-sold will be 10 times as much for US companies.

Our trade deficit will skyrocket.

NO ONE will buy anything from America because it will cost 10 times ad much- even if it is ‘green’!

9 posted on 10/15/2009 5:32:24 AM PDT by Mr. K (THIS ADMINISTRATION IS WEARING OUT MY CAPSLOCK KEY DAMMIT DAMMIT DAMMIT!!!!!)
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To: paul51

I think the biggest obstacle to Global Cooling is it getting cold. Don’t fall for this climate change BS. Keep the name going.

This is a SCAM


10 posted on 10/15/2009 5:33:39 AM PDT by reefdiver (So how's that HOPE & CHANGE working out for ya ?)
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To: reaganaut1
Hitlery Clinton/Obama administration says we should help fund carbon cleanup in the world. You know, redistribution of America’s wealth. Just like Czars Cass Sunstein and Carol Browner demand America do.

Cass Sunstein wants to spread America’s wealth
Echoes Van Jones on using ‘environmental justice’ to redistribute money

http://www.wnd.com/index.php?pageId=110031#

The Rule of the Green Czar
By: Kathy Shaidle
FrontPageMagazine.com | Friday, January 16, 2009

http://97.74.65.51/readArticle.aspx?ARTID=33743

11 posted on 10/15/2009 5:35:28 AM PDT by jacknhoo (Luke 12:51. Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: reaganaut1
No problem. The American taxpayer is good for it. We want to make sure that we get every last cent from them. Then they can starve like they deserve.
12 posted on 10/15/2009 5:53:18 AM PDT by E. Pluribus Unum (Ask not what the Kennedys can do for you, but what you can do for the Kennedys.)
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To: reaganaut1
PAY FOR IT. . . . . .
ARE YOU KIDDING?
The bunch in there now (RINOS & LIBS) has no conception of "Paying" when they have a key to the printing press. . . . . . .
13 posted on 10/15/2009 5:59:25 AM PDT by Voter#537 (Barack Insane Obama-Wrong Place Wrong Time. Replacing Jimmah as worst CIC Ever)
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To: reaganaut1

Global warming is a big fat lie like Obamas birth certificate.


14 posted on 10/15/2009 6:33:42 AM PDT by WhoreableeClinton
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