Soros: Finance gap could 'wreck' climate talks

Discussion in 'News / Current Events' started by Revmitchell, Dec 10, 2009.

  1. Revmitchell

    Revmitchell
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    COPENHAGEN (AP) - The $10 billion a year proposed by rich nations to help the poor adapt to climate change is "not sufficient" and the gap between what's offered and what's needed could wreck the Copenhagen climate conference, American billionaire George Soros said Thursday.

    The investor-philanthropist, one in a line of international notables visiting the 192-nation meeting, told reporters he had developed a partial solution. Soros suggested shifting some International Monetary Fund resources from providing liquidity to stressed global financial system to a new mission of financing projects in developing countries for clean energy and adapting to climate change.

    About $100 billion in a one-time infusion could be generated, said Soros, a major supporter of causes in the developing world.

    But he acknowledging a major roadblock in Washington.

    "It is possible to substantially increase the amount available to fight global warming in the developing world," he said. "All that is lacking is the political will. Unfortunately the political will will be difficult to gather because of the mere fact that it requires congressional approval in the United States."

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  2. Revmitchell

    Revmitchell
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    Again this is only about redistributing America's wealth
     
  3. KenH

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    Not with the EPA having assumed dictatorial powers.
     
  4. Revmitchell

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    I am not sure what their authority is with this but it will not stand.
     
  5. targus

    targus
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    If he really believes it why doesn't Soros put his money where his mouth is and cough up the money himself?

    Why does he want us to do what he won't - for something he believes in that we don't?
     
  6. KenH

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    A U.S. Supreme Court ruling.
     

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