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 ...
global warming ping
The usual solution...the US taxpayer offered up by our elected officials
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.
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.
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.
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’!
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
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
Global warming is a big fat lie like Obamas birth certificate.
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