Monday, November 25, 2013

It's Not Climate Change--It's Climate Billions

There was some hope on my part that the climate treaty talks in Warsaw would fall apart, but that didn't happen, and a last minute compromise was reached, as related in this Speigel Online article. One of the many (expensive) propositions to come out of the accord was this:
Starting in 2020, the industrialized countries will provide $100 billion (€74 billion) per year to developing nations to help mitigate the effects of climate change. A working group has been established at the Warsaw conference that is now expected to develop a finance plan.
I presume that once it is admitted that the world is beginning to cool, the West will be responsible for that as well.

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