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CHINA, INDIA DEMAND TRANSFER OF CAP AND TRADE [SCAM] BILLIONS

Developing countries called on industrialised countries to commit around 0.5-2% of their GDP to funding mitigation and adaptation measures in poor countries. Moreover, the idea of using revenue from emission allowance auctioning to do so was floated by China, India and Indonesia, among others.

From ICECAP

TAR-TASS, 28 April 2009

“Predictions of global warming in the foreseeable future may not be justified.” This opinion was expressed today in an interview with Professor Lev Karlin – the director of the St. Petersburg Hydro-Meteorological University, a regional hub of the World Meteorological Organization (WMO).

The most widely held view among scientists is that the climate during the past 150 years had a tendency to gradually warm. Mathematical modelling suggests, some advocates claim, that inevitably there will be further warming of the planet. Even apocalyptic scenarios of planetary temperature rises by two to three degrees Celsius over the next few decades, with all the ensuing consequences for the environment, are not excluded.

However, an analysis of geophysical evidence leads some scientists to believe that all these factors have subsided during the last three or four years and that the global warming trend is on its way to reverse into gradual cooling. “There is every reason to assume that the projections of future warming may not be justified: in the next decade we are likely to return to the climatic norm of the 1970s”, the director of the University of Hydrometeorology claims. (Google translation - h/t Dr. Benny Peiser)

India says it cannot accept a cap on development

India today said it will not accept any cap on its development in the name of climate change, asserting that any negotiation on climate change should take into account the overriding developmental objectives of the developing countries.