Rich must pay bulk of climate change bill: Oxfam [The US must foot 44 percent of the $50 billion

Yahoo ^

[Sub-Driver]

Rich must pay bulk of climate change bill: Oxfam

By Jeremy Lovell 37 minutes ago

Coping with the ravages of global warming will cost $50 billion a year, and the rich nations who caused most of the pollution must pay most of the bill, aid agency Oxfam said on Tuesday.

The call, barely 10 days before a crucial Group of Eight (G8) summit in Germany which has climate change at its core, is likely to make already tense negotiations even tougher.

The United States, which Oxfam says must foot 44 percent of the annual $50 billion bill, is rejecting attempts by German G8 presidency Germany to set stiff targets and timetables for cutting carbon gas emissions and raising energy efficiency.

"G8 countries face two obligations as they prepare for this year's summit in Germany -- to stop harming by cutting their emissions to keep global warming below two degrees Celsius and to start helping poor countries to cope," said Oxfam researcher Kate Raworth.

"Developing countries cannot and should not be expected to foot the bill for the impact of rich countries' emissions," she said, echoing the position of the developing world.

Scientists say average temperatures will rise by between 1.8 and 4.0 degrees Celsius this century due to carbon emissions from burning fossil fuels for power and transport, causing floods and famine and putting millions of lives at risk.

The United States is the world's biggest producer of carbon emissions -- although experts predict that boom economy China will probably overtake it within a year as it builds a coal-fired power station every four days to feed demand.

GLOBAL WARMING INDEX

[Mike Darancette]

OK we’ll raise 50 Billion on fees for food transported to foreign countries and people visiting America.

[Vigilanteman]

The more pertinent question is just who elected Oxfam as the judge and arbiter?

[an amused spectator]

Coping with the ravages of global warming will cost $50 billion a year

So, how did the Romans and the Vikings contend with the ravages of Global Warming during their eras [the Roman Warm Period and the Medieval Warm Period]? Did THEY have to pay $50 billion a year to cope with the "ravages"?

I think that we'll adjust quite nicely as a species to Global Warming Back Up.

[SouthTexas]

If the rat Congress doesn’t turn around and hand them a check!

[bilhosty]

let us play lets make a deal. we weill aprove the deal that people in the us will ay 50 billion provided it will be charged to rich lib’s Soros, Kennedy’s etc. I will go fo that.

[chaos_5]

ROFl, my first reaction was *&^% you and the horse you rode in on you mother &*^%$#’$

[R.W.Ratikal]

I have never operated a large fleet of private executive jets. I have therefore accumulated millions of units of carbon off-sets.

I am willing to sell these units to people who fly in jets either in small or large lots. Write for your free information kit listing prices.

[listenhillary]

Coping with the ravages of global warming will cost $50 billion a year.

Source? (Not you Sub-driver)