CHINA WARNS OBAMA: NO CLIMATE [SCAM] DEAL WITHOUT WEALTH TRANSFER

BONN, March 31 (Xinhua) -- Top Chinese negotiator Tuesday urged developed countries to give more commitments and support to developing countries in fighting climate change.

REMINDER: CHINA’S $300 BILLION DEMAND

China raised the price of its co-operation in the world's climate change talks yesterday by calling for developed countries to spend 1 per cent of their domestic product helping poorer nations cut greenhouse gas emissions.

The funding - amounting to more than $300bn (£190bn, €240bn) based on Group of Seven countries - would be spent largely on the transfer of "green" technologies, such as renewable energy, to poorer countries.

Via email:

I'm afraid Obama’s climate policy is likely to turn into an extremely damaging lose-lose situation for the U.S. – both in terms of economic and political liabilities. Why? Because unless the U.S. is prepared to transfer $100 billion or more in cap-and-trade revenues to the developing world (p.a.), neither China nor India will agree to join any climate treaty. No matter what unilateral climate targets the U.S. Senate is ready to approve, the developing world will never give up on its demand for recompense, hard cash and free technology. Why? Because Western governments, by hyping up a global warming frenzy, have fully accepted their historical culpability and the “carbon debt” they owe the rest of the world. If, on the other hand, the Obama administration rebuffs developing countries and refuses to pay up, the U.S. is almost certain to further erode its international standing and influence.
--Benny Peiser, CCNet, 1 April 2009

Hopes of G20 green deal on the wane - 31 Mar 2009 - BusinessGreen.com

Fears are mounting that environmental issues could be almost entirely sidelined at tomorrow's G20 summit in London as leaders of the world's largest economies resist calls to make clear green commitments as part of the meeting's closing communiqué.