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In a move to save the Copenhagen talks from collapse, U.S. Secretary of State Hillary Clinton announced earlier today that the United States is prepared to support a $100 billion financing plan to help developing countries protect themselves from the damaging effects of climate change.
There is some hope that the announcement will give a last minute boost to the climate negotiations, which have stumbled over disagreements between industrialized and developing countries over financing and emissions cuts.
However, Clinton specified that the financing is contingent on a broader global warming deal being reached at the summit, one that includes “meaningful actions to cut greenhouse gas emissions and a system to ensure all parties’ actions are transparent.”
(via Huffington Post and Inhabitat)
Photo by Chris Ratcliffe, Bloomberg
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