Foxfyre wrote:
Analysts said last night that the talks were most likely to stall over money. Developing countries, backed by the UN, argue that they will need hundreds of billions of dollars a year to adapt themselves to climate-related disasters, loss of crops and water supplies, which they are already experiencing as temperatures around the world rise. Yet so far, as a Guardian investigation revealed back in February, rich countries have pledged only a few billion dollars and have provided only a few hundred million.
"Developing countries will no longer let themselves be sidelined. In the past, they have been brought on board [climate negotiations] by promises of financial support. But all they got was the creation of a couple of funds that stayed empty. Developing countries will not settle for more 'placebo funds'," said Benito Müller, director of Oxford University's institute for energy studies.
Saleemul Huq, of the International Institute for Environment and Development, said that until rich countries made serious pledges, the rest of the negotiations would suffer because it would be impossible to agree actions without knowing how they would be funded.
Last week, a US negotiator, Jonathan Pershing, said that the US had budgeted $400m to help poor countries adapt to climate change as an interim measure. But that amount was dismissed as inadequate by Bernarditas Muller of the Philippines, who is the co-ordinator of the G77 and China group of countries.
http://www.guardian.co.uk/environment/2009/jun/07/international-flight-levy-un-climate-change.
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Exactly-- This is what I have predicting for months based on my reading.
Anyone who is familiar with the MASSIVE FAILURE of the Kyoto Protocol could have foreseen this.
To persuade the countries of the world, especially the developing countries ,to sign on to a very very expensive shutting down of fuel sources based on a very questionable view of what MAY happen ninety years from now to the world climate, is an endeavor which is doomed from the start.
When the global recession is thrown into the mix and millions more will be put out of work, the process becomes truly laughable.
Even an old loyal Democrat from Michigan--representative Dingell, who, one would assume, would be highly loyal to Obuma, said--(cap and trade) would be very very expensive.