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Developing countries need € 100 billion/year by 2020 to fight the climate change
100 billion euros per year by 2020 must be given away from the developing countries for the climate problems solving.
This announced the draft statement at the Brussels summit according to which the leaders of the 27 EU countries were preparing to back an estimate that developing nations need the considerable sum.
The problem is how?
European Union leaders stated, that this is the cost, which will be needed from the developing nations to fight with the global warming. The members of the rich bloc will set out on day two of their summit today to bridge differences over how far to finance developing countries.
Not all of the country representatives were though happy with the suggestion. They declared they will not sign up without enough funds from rich nations, which bear most of the responsibility for damaging the atmosphere by fuelling their industries with oil and coal over decades. 9 less well-off eastern EU countries have reservations. They observed that some wealthier regions in developing countries like China are better off than parts of poorer European states such as Romania.
“I want to make clear that we have come to the conclusion among us, the 9 countries, that the current proposal by the (Swedish EU) Presidency on the table is not acceptable in its current form, in respect of the wide sense of burden-sharing for Europe’s undertaking in the climate change conference,” said the Hungarian Prime Minister Gordon Bajnai.
“The 9 countries show a big
determination on that issue,” explained Poland’s minister for Europe, Mikolaj Dowgielewicz. “It will be very difficult to reach a compromise if rich countries do not display elementary decency.”
The cost of fighting continues to undermine EU consensus. The EU is not just split over how much it should pay, but over how much of its commitment it should reveal before the Copenhagen negotiations. There all must sign the deal.
Friday’s task in Brussels is to find an acceptable way to cushion recession-weakened EU economies. Other major world players will be urged to make proportional efforts, too.
José Manuel Barroso, European Commission President, said: “It is extremely important that the European Union keeps its leadership role.” “The EU has to make clear its ideas, but it is crucial that the United States and China also make clear what they are willing to contribute,” German Chancellor Angela Merkel commented.
The two-day summit was also split over how to deal with so-called “hot air” — eastern Europe’s 17 billion euros of excess carbon permits that threaten to undermine any future global pact on climate change.
UN talks in Copenhagen are just weeks away, so they must take the appropriate decisions by then.
Comments
The title should be ‘Developed countries will give 100bn euros for climate change’ because if you ask the developing nations, then 100bn is inadequate.
They must be thankful after all, don`t you think. European taxpayers should be prepared to pay up to this nice amount of 15 billion euros per year to help poorer nations.
Not a single cent of this unprecedented redistribution of wealth will go towards “helping” the people of poorer countries.
You seriously think this is about paying back some sort of dubious “climate debt”? Most of the money will go to international corporations that own most of the arable land who will be payed not to develop it (aka paid to do nothing). The rest of the money will be used by third-world dictators to maintain their grip on power, fund their war machines and oppress the people by gunpoint so that they don’t develop their land or infrastructure, as per the terms of agreement of the contract! The whole point is that they get money to stop some farmer tending to their crops or some peasant cutting down a tree for firewood to keep warm in winter, all to compensate for the emissions burned in developed countries.
Meanwhile you’re sitting at home wondering why your electricity bill has gone up 300%, but that’s ok, you can take comfort that your sacrafice has helped those poor, poor people.
How do you know that? You`re such a positive optimist. I love it. People like you are the reason for things not to happen, because they stay at home and mutter instead of going out and do something.
It has been proven that EU policies are working so good so far. So, please don`t bother to argue about that where this money is going. IT it is normal that some of it doesn`t find it appropriate destination, but this it the life and we all know about it. Does this mean that we must stop giving tries?!
I believe third-world dictators don`t need our climate money to fuel their actives. Most of them OWN enough PETROL to do that and that is why most of the big countries stay in checkmate and can`t do nothing about their power! And about the people oppressing, this will happen with or without the money for the fighting of climate change. Do you really think that it`s all about a peasant`s tree? Please, tell me then, how can we handle our problems? Maybe as such a polemist you can give us enlighted answers to all of the world problems?! Tell me, rich pal?
Hahaha wow. You think that bigger government is the solution to all the worlds problems. You put your faith in the hands of a few hundred beaurocrats, while I put my faith in the hands of 6.8 billion individuals.
Sure you might see a few wind turbines and solar panels, at about 100-1000 times the commercial costs for such things (the money has a funny tendancy to disappear into black holes of unaccountability), but to seriously think that you can throw money at the problem to make it go away is ludicrous. I find your comment that dictators would turn down the oppurtunity to claim hundreds of billions of dollars for nothing and hold the US (and other developed countries) to ransom simply hilarious.
I don’t know about you, but I’m pursuing a career in engineering, who knows maybe I’ll invent the perpetual motion machine and solve all the world’s problems hahaha. I can certainly build a better wind turbine!
Will see at the end of the day. You can google me, colleague Eng., but one is sure. I do not purse empty words, so I don`t intend to waste them. I`ll be happy to see your wind turbine to blow off the EC! Luck ;-D
Yes, we will see. We are in for turbulent times one way or another!