“Rich countries are still not pledging enough money to
begin financing a shift to a cleaner global economy,” reports the Financial Times
(FT) in its coverage of the United Nations climate talks in Warsaw that ended
with little more than a “vague road map on how to prepare
for a global climate pact they’re supposed to adopt in two years.”
Leading into what has now been called an “unsatisfactory
summit,” predictions suggested the “talks could
collapse because of a lack of financial support from
rich nations.” Delegates from developing countries, such as Ecuador’s lead
negotiator Daniel Ortega, believe “an effective 2015 emissions reduction
agreement has to be based on a clear financial package.”
Ortega stated: “I’m not personally expecting any
commitment by Warsaw. What we need to have is a clear roadmap of how the
discussions of financing will allow us to have a clear idea of commitments by
2015.”…….But, perhaps, the most dramatic line in the government document is: Australia “will not support any measures which are socialism masquerading as environmentalism.”.....To Read More…..
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