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Thursday, November 21, 2013

It's All About the Money -- Part 2

I noted the other day that the current climate talks were threatened over disagreements over wealth redistribution to third world countries. Well, that issue has terminated the talks:

Poor countries pulled out of the United Nations climate talks during a fight over transferring wealth from richer countries to fight global warming.


The G77 and China bloc led 132 poor countries in a walk out during talks about “loss and damage” compensation for the consequences of global warming that countries cannot adapt to, like Typhoon Haiyan. The countries that left claim to have the support of other coalitions of poor nations, including the Least Developed Countries, the Alliance of Small Island States and the Africa Group.


Poor countries have demanded that the developed world give them $100 billion annually by 2020 to prepare for the impacts of global warming, such as heat waves and droughts. Brazil even put forward a proposal last week that would have made rich countries pay for historical greenhouse gas emissions.
First, these countries should pay back all the aid and assistance they have received, and reparations for all the damages they and their citizens have caused to First World Countries and their citizens, including, but not limited to: loss or seizure of property, loss of life and/or freedom, environmental damage, increased costs of defense and insurance, funding to the victims of crimes, damage from terrorists, economic impact of their terrorist actions, reparations for industrial espionage, spread of diseases, etc.

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