Quote:
India would however accept international verification of reductions if supported by financing and technology transfers.
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Everybody's hand is out. Here's
China's:
Quote:
China has been the chief beneficiary of the U.N.’s Clean Development Mechanism, or CDM, which under the Kyoto Protocol set up a system of credits which can be sold and traded, and which are used by companies to offset their own emissions. Some 60% of all globally traded carbon credits originate from China projects.
China’s climate-change regulators have approved 2,232 CDM projects this year through October – but only 663 of those, or just under 30%, have received final approval by the U.N. to issue credits.
The basic idea is that companies in rich countries, to reach their own greenhouse gas quotas back home, pay for carbon abatement projects that wouldn’t have gotten built otherwise in poor countries.
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We clean them there so we don't have to clean us here? How about we just clean us here, cut out the middle man.
After all, the
US will be blamed unless we both pay to clean them AND clean us:
Quote:
"What the world is waiting for now is exactly what will be the American commitments to reduce their emissions," Hedegaard said and added the world also wanted to know "what kind of financial contributions would come from the American side."
"There, President Obama could be very helpful if he has something in his pocket ... when he comes to Copenhagen. I think it would be very useful."
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And it's not just poor countries with their hand out, here are the Saudis:
Quote:
As the world's leading oil producer, Saudi Arabia has previously fought attempts to agree curbs on emissions, and has also argued that it should receive financial compensation for "lost" revenue, given that constraints on emissions might restrict oil sales.
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The entire thing is now a shameless shakedown. Speaking as an unemployed American, my opening bid is we will clean us up, and the rest of you can go fuck yourselves raw.