Leaked Copenhagen Document: World Bank To Control Climate Change Slush Fund

via: minnesotansforglobalwarming.com

London Guardian

Developing countries react furiously to leaked draft agreement that would hand more power to rich nations, sideline the UN’s negotiating role and abandon the Kyoto protocol

COP15: A Haitian delegation during second-day session at the Bella center in Copenhagen

The UN Copenhagen climate talks are in disarray today after developing countries reacted furiously to leaked documents. Photograph: Attila Kisbenedek/AFP/Getty Images

The UN Copenhagen climate talks are in disarray today after developing countries reacted furiously to leaked documents that show world leaders will next week be asked to sign an agreement that hands more power to rich countries and sidelines the UN’s role in all future climate change negotiations.

The document is also being interpreted by developing countries as setting unequal limits on per capita carbon emissions for developed and developing countries in 2050; meaning that people in rich countries would be permitted to emit nearly twice as much under the proposals.

The so-called Danish text, a secret draft agreement worked on by a group of individuals known as “the circle of commitment” – but understood to include the UK, US and Denmark – has only been shown to a handful of countries since it was finalised this week.

The agreement, leaked to the Guardian, is a departure from the Kyoto protocol‘s principle that rich nations, which have emitted the bulk of the CO2, should take on firm and binding commitments to reduce greenhouse gases, while poorer nations were not compelled to act. The draft hands effective control of climate change finance to the World Bank; would abandon the Kyoto protocol – the only legally binding treaty that the world has on emissions reductions; and would make any money to help poor countries adapt to climate change dependent on them taking a range of actions.

Continue reading Leaked Copenhagen Document: World Bank To Control Climate Change Slush Fund .

Advertisements

Leave a comment

Filed under Global Warming, minnesotansforglobalwarming.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s