The draft of the international agreement to deal with climate change, which is being considered today in Paris by representatives from 195 countries, calls for the developed nations of the world to transfer wealth to developing nations, including through "public funds." "Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention," says Article 9 of the draft agreement. "As part of a global effort, developed country Parties should continue to take the lead in mobilizing climate finance from a wide variety of...