Developing Countries Say ‘No Money, No Deal’ in Climate Talks

[Craftsman]

Dec. 14 (Bloomberg) -- Four days before 110 world leaders fly to Copenhagen to complete a deal to curb global warming, negotiators are far apart on aid to poorer countries and how to verify nations fulfill their pledges to reduce greenhouse gases.

Envoys from 192 countries discussing a climate-protection accord in the Danish capital released a draft on Dec. 11 that shows they can’t agree on how to police an agreement. The document contains no subsidies to help developing nations cut carbon-dioxide emissions and adapt to climate change.

“No money, no deal,” Selwin Hart, a Barbadian envoy who speaks on finance issues for 43 island and low-lying states, said in an interview. “Financing will be critical.”

United Nations climate chief Yvo de Boer said developing nations need at least $100 billion a year. As obstacles built up during the first week of the talks, senior U.S. negotiator Todd Stern flew to the Danish capital earlier than planned as did his Chinese counterpart, Xie Zhenhua. Their bosses, President Barack Obama and Chinese Premier Wen Jiabao, will arrive with other world leaders before the talks end Dec. 18.

http://www.bloomberg.com/apps/news?pid=20601170&sid=aqC.iVBrBGT8

[Craftsman]

1. All this is is bread and circuses for the mases

What gets me is that anyone with the brains God gave my boots thought something would come out of the dog and pony show. Even those countries that wanted cut in emissions where not willing to make themselves to any substantial amount. The instead wanted others to do so or be paid for it. This was just a photo op.

[MadHound]

2. I find it abhorent that the US would be paying out money to China

In order to have them cut their emissions.

Frankly I say keep that money and put it to use here at home, cutting our own emissions and eliminating our need for fossil fuels.

The Copenhagen talks were doomed from the beginning for much the same reasons Kyoto was, the huge gulf between developing countries and developed countries, and the insistence that India and China be included in the former instead of where they truly belong, the latter category.

[bridgit]

3. Yes, and as important as warming is deniers will use such points as means...

to pull apart any longterm solution