Thursday, December 17, 2009

Clinton Pledges $100 Billion Annually To Poor Nations With Emissions

The big bone of contention during the Copenhagen climate talks has been the financial inability of the poor nations to do anything about emissions. And the reticence of many of the larger nations to fund the poorer nations' efforts.

But now U.S. Secretary of State Hillary Clinton, speaking at the climate summit, is pledging that the United States will fork over $100 billion annually to help the poorer nations. The U.S. contribution to the multinational fund will begin by 2020, Clinton said.

China would have to reveal the extent of its emissions before the U.S. released the money, something that nation's government has strongly opposed.

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