U.S. willing to help fund climate change fight with $100 billion

Posted By: The Ski Channel on December 17, 2009 5:14 am

During the potentially snow-culture saving climate change summit in Copenhagen, Secretary of State Hillary Rodham Clinton announced that the United States would be willing to join with allies in raising $100 billion by the year 2020 to assist poor countries in adapting to climate change.

Adapting to climate change? That sounds like we’re waving the white flag and simply accepting the inevitable. Wasn’t the point of this summit to figure out how to curb climate change all together?

Clinton did not specify how much of the $100 billion the U.S. would shell out, but she did specify a condition. We would only spend that kind of money if a broad agreement is made in Copenhagen outlining a new treaty bringing countries together to fight climate change. Clinton says the agreement must make clear that developing nations will limit their greenhouse gas emissions while a third party keeps tabs.

“If there is not even a commitment to pursue transparency, that’s kind of a deal-breaker for us,” Clinton said.

Many countries’ leaders feel this pledge acts as a revival to the climate talks, which have stalled frequently and reached many dead-ends. Others feel the amount of money pledged simply is not enough: “Climate change is already killing people in Africa, and this commitment is simply insufficient to tackle the climate crisis,” Mithika Mwenda, coordinator of the Pan-African Climate Justice Alliance, said in a press release.