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Climate Change Conference: U.S. and Saudi Arabia Reluctant to Commit to Global Climate Fund

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Raven Lunatic Donating Member (75 posts) Send PM | Profile | Ignore Fri Nov-25-11 11:25 AM
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Climate Change Conference: U.S. and Saudi Arabia Reluctant to Commit to Global Climate Fund
Source: International Business Times

By Sharon Green:
November 25, 2011 6:16 AM EST

The United States is reluctant to sign off on a collective global climate change fund, undermining already tense negotiations ahead of official U.N. climate change conference to begin on Monday in Durban, South Africa.

Plummeting carbon prices, a deteriorating economy and next year's U.S. presidential election are among the fears said to make it difficult for the climate change summit to make progress with a new comprehensive global agreement before the main requirements of the Kyoto protocol expire at the end of 2012.

Officials confirmed on Thursday that the U.S., backed by Saudi Arabia, has still not agreed to adopt a plan for the Green Climate Fund, according to a report in the Financial Times. The Green Climate Fund is one of few measures to transpire from seven years of talks on how countries should share the burden of cutting greenhouse gas emissions, with wealthy countries expected to carry the weight of the funding to support poor and vulnerable countries.

The global fund was originally proposed at the 2009 Copenhagen climate change conference, where wealthy countries are expected to rally by 2020 to carry the weight of the $100bn per year funding to support developing and vulnerable countries.

Read more: http://www.ibtimes.com/articles/255987/20111125/climate...



So what? We're not following the Kyoto protocol as is! What will come out of Durban is more lip service on climate change, followed by zero action.

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hulka38 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 11:57 AM
Response to Original message
1. Obama needs a super progressive majority in congress
in order to sign this and make that change he talked about happen. Blame the liberals who stayed home. It's not yes HE can, it's yes WE can.




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fascisthunter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 06:16 PM
Response to Reply #1
4. no... blame centrist idiots for chasing away independents
Edited on Fri Nov-25-11 06:16 PM by fascisthunter
and dems... and I also blame the centrist idiots for the shit we are in. Wake the fuck up!
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defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 12:21 PM
Response to Original message
2. Shameful -- !! We need a challenger in 2012 -- !!!
A challenger who will --

end the wars --

move MEDICARE 4 ALL --

Act on Global Warming which is accelerating and creating ever more chaotic

weathe rconditions NOW -- !!

Including earthquakes --

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castnet55 Donating Member (30 posts) Send PM | Profile | Ignore Fri Nov-25-11 12:25 PM
Response to Original message
3. It's all about profits
If they could get the money out of this carbon credits being bought and sold, hugh profits being made by greedy butt holes. A fair distributions of the credits from the government I might could support this cause. Follow the money folks and you'll see how the rich will profit again at the expense of us all.
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NRaleighLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-25-11 11:32 PM
Response to Original message
5. Locked
THe OP is no longer with DU
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