Gordon Brown and Nicolas Sarkozy: banks should pay for climate change

[Ichingcarpenter]

Source: The Times

A tax on banking could be used to pay for combating climate change under plans pushed by Gordon Brown and Nicolas Sarkozy today as Britain almost doubled the cash it put up for short-term funding to help developing countries to go green.

The Treasury found £1.5 billion in so-called fast-track funding from 2010 to 2012 for clean fuel projects and to stop deforestation in developing countries, the Prime Minister said after an EU summit in Brussels.

This was a big increase on Britain's initial offer of £800 million for a voluntary international fund to help encourage progress in climate talks at Copenhagen but Mr Brown suggested that there would be no extra call on taxpayers because the money was already budgeted for.

It means Britain is offering the largest EU contribution to the fund, followed by France and Germany on €1.26 billion each over the three years.

Read more: http://www.timesonline.co.uk/tol/news/environment/article6953222.ece

[kerrywins]

1. Well, the weather in Houston has changed....the cold season is here....pay up!

I want some money....

the season changed from summer to winter...where's my money?

lets get this thing passed.

[HuckleB]

2. Another good article on their attempt to bring banks into a state of relative decency.

http://www.independent.co.uk/news/world/europe/brown-and-sarkozy-call-truce-to-declare-war-on-bankers-1838180.html