Posted on 12/17/2009 4:44:43 AM PST by Schnucki
Hillary Clinton has given US backing to proposals for a $100 billion-a-year international fund to tackle global warming in developing countries in a boost for deadlocked talks at the climate change summit in Copenhagen.
The US Secretary of State said the science for climate change is now undeniable and the world must agree a deal in the next 48 hours.
In a move that will widely be seen as a grand gesture to force developing countries to sign up to a deal, she said the US would be willing to pay into a global fund of $100 billion (£60bn) per year by 2020 to help the most vulnerable adapt to floods and droughts.
But she said the money would only be offered on the condition that major developing nations such as China and India agree to transparent actions on cutting emission.
In the context of a strong accord in which all major economies stand by meaningful mitigation actions and provide full transparency as to their implementation, the US is prepared to work with other countries to mobilise $100 billion by 2020 to address climate change needs in developing countries, she said.
The $100 billion fund was first suggested by Gordon Brown in June this year and Americas offer will boost the UK Prime Minister's credentials abroad.
(Excerpt) Read more at telegraph.co.uk ...
$100 billion global FRAUD
Yearly.
UFB!! Their science is a fraud.
T
AS our fraud of a President once said to Joe the Plumber:
“We want to, you know, spread the wealth.”
YO, YOUR THIGHNESS...
You like it ... YOU PAY FOR IT..
and LEAVE us FREEPERS ALONE!!!
where does the freekin’ SECRETARY get off handing out my money to anyone!!!
It just funny money anyhow.
We have truly passed through the looking glass - WTF does this bee - otch know about science?
Good grief - 100 Billion A YEAR????
She should be arrested for making this proposal.
I wonder who will verify those emissions cuts? Al Gore? How laughable is this?
Borrow from China to pay China to "transparently" cut emissions.
Anyone else petrified this woman is Secretary of State?
Not one dime for these so-called developing countries that are nothing but petty dictatorships, & where the money will only line the pockets of corrupt pols & bureaucrats. If their people will not rebel against corruption & build a decent life for themselves, then let them live with what they accept!
That makes me feel so much better.
Good luck getting Congress to vote for that now with the current deficit.
Just hope Barry doesn’t circumvent the Constitution (again) and give the money by executive order.
I guess the dims feel comfortable enough to make bribes out in the open. mary landreiu’s bribe was the first to test the waters. What’s next?
Where does the money come from? Most governments are broke and in debt.
Please, please. Certainly Hillary is a lousy Secretary of State.She isn’t even qualified to be a wife and mother, but let us not give her all the blame for this 100 Billion Dollar plan.
There is no way in hell she would stand there and make a promise of 100 Billion dollars without the specific approval of Bracko Bama.
Ethiopian Prime Minister and head of African delegation Meles Zenawi, in partnership with France, has moved to a last-minute rescue plan to reach global climate deal as the ongoing negotiation faces uncertainties.
Climate deal in doubt as rich nations waver According to African Union sources, Meles has so far secured US and EU backing. However, he is facing sharp criticism from international environment activist groups.
Meles proposal came out on Tuesday after the ongoing Copenhagen climate change negotiation was unable to reach a legally binding agreement.
Meles told reporters his proposal is a political agreement rather than a legally binding deal based on United Nation Bali roadmap which was drawn in 2007 in Bali, Indonesia.
The proposal demands the halving of global CO2 emissions by 2050 compared to 1990 levels and ambitious agreement in Copenhagen limiting the increase of temperatures to 2°C above preindustrial levels.
Meles proposed for the creation of a tax on international financial transactions and consider other sources such as taxes on sea freight or air transport.
The UK is backing Ethiopian Prime Minister Meles Zenawi's proposals to assist African nations through predictable funding that will not detract from existing aid priorities, and a global tax to raise funds.
On Tuesday Meles had been in Paris, France and had a working lunch with France president Nicholas Sarkozy to seek European support for Africas pertaining demands.
Despite the ongoing effort to rescue the Copenhagen deal, environmental activists sharply criticised Meles diverting his responsibility out of African common position.
We call on Prime minister Meles Zenawi to rescind the appeal or to step down as Coordinator of African Heads of State and Governments on Climate Change said Mithika Mwenda of Pan-African Climate Justice Alliance, a group of activists across Africa.
http://www.nation.co.ke/News/africa/
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