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100B climate fund urged COPENHAGEN Billionaire financier George Soros is asking rich nations to back $100 billion in loans to poorer nations to help slow global warming.
Speaking yesterday at the climate pandora silver bracelet charms summit in Copenhagen, the Hungarian born Soros said the money could come from foreign exchange can you buy pandora jewelry online reserves, to be put towards creating green projects in developing countries. "This $100 billion fund I think could just turn this conference from failure to success," he said, admitting there were legal and practical hurdles to unlocking the cash. Poor nations want rich countries to spend 1% where to buy pandora bracelets cheap or more of their national wealth on emissions cuts in the developing world, or at least $300 billion annually, and about double the highest estimates by industrialized countries. The European Commission cautioned against easy sounding solutions. "Money must come from somewhere, not just from a printing machine," Artur Runge Metzger, head of the Commission delegation, said when asked about Soros' proposal. World climate experts and leaders have pandora bracelet cost gathered in Copenhagen this week to discuss a new plan for combating climate change. Next week, Prime Minister Stephen Harper and other world leaders are to arrive, in the hopes a new pact can be created to replace the Kyoto Protocol beyond 2012. So far this week, Canada has taken a beating at the talks, earning a dubious reputation as a country bent on oil development and as one avoiding action that would stem global warming.
Environment Minister Jim Prentice will be heading to Copenhagen this weekend to join the discussions and defend Canada's positions. The main focus of the talks so far has been an ever growing divide between the hopes of developing nations, and the less ambitious plans of the richer ones. Yesterday, part of the UN talks were suspended for a second day after Tuvalu, which fears being washed off the map by rising seas, insisted the conference must consider its proposal for a legally binding treaty for deep cuts in greenhouse gas emissions.
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