View Full Version : Climate Treaty Would Create New Global Agencies to Transfer $ & Technology from U.S.

12-14-2009, 04:41 AM
Climate Treaty Would Create New Global Agencies to Transfer Money and Technology from U.S. and Other Developed Countries to Third World
Monday, December 14, 2009
By Matt Cover, Staff Writer

(CNSNews.com) - A draft proposal released by the United Nation’s climate negotiating group outlines a plan for creating two new international agencies designed to transfer technology and money from developed Western states such as the United States to undeveloped Third World Countries.

Released Friday by the Ad Hoc Working Group on Long Term Cooperative Action (AWG-LCA)--the U.N. group responsible for negotiating a successor to the Kyoto Protocol treaty at Copenhagen--the draft proposal outlines the major commitments and obligations of both developed and undeveloped nations.

Among the proposals the draft agreement outlines are a new international agency responsible for redistributing financial resources from developed countries to developing ones and another new international agency that would coordinate the redistribution of advanced technologies to those same developing countries.

Under the proposed agreement, the details of which will be worked out over the coming week, developed countries--including the United States--would be responsible for not only enacting their own “legally-binding” environmental laws but also for funding and assisting the environmental agendas of Third World states.

“Developed country Parties shall undertake, individually or jointly, legally binding nationally appropriate mitigation commitments or actions, [including][expressed as] quantified economywide emission reduction objectives with a view to reducing the collective greenhouse gas emissions of developed country Parties by at least [25–40] [in the order of 30] [40] [45] per cent from 1990 levels by 2020;” the draft reads. The bracketed portions represent details which have not yet been finalized.