Special Report: UN climate change conference in Copenhagen |
Staying with Copenhagen, where industrialized nations are ready to raise 100 billion US dollars per year to assist developing countries.
The climate change financing would come over the next 10 years to help recipients fight climate change but as with most things there are strings attached.
The United States has announced that it will join other industrialized powers in providing money-assistance for the developing world. But the US did not mention how much money it is willing to raise.
Hillary Clinton, US Secretary of State, said, "In the context of a strong accord, in which all major economies stand behind meaningful mitigation actions and provide full transparency as to their implementation, the United States is prepared to work with other countries toward a goal of jointly mobilizing one hundred billion dollars a year by 2020 to address the climate change needs of developing countries."
Clinton suggests that the funding is contingent upon developing nations committing to more dramatic emissions cut targets, and willingly acceding to international supervision.
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U.S. Secretary of State Hillary Clinton gestures during a press briefing at the climate summit in Copenhagen, Denmark, Thursday, Dec. 17, 2009.(AP Photo/Anja Niedringhaus) |