How Many Countries Does It Take To Change A Light Bulb? Apparently Many

Will we ever learn?

Poor nations to get funds

 to fight climate change

POZNAN, Poland – Negotiators at a U.N. climate conference broke through red tape and freed up millions of dollars Friday to help poor countries adapt to increasingly severe droughts, floods and other effects of global warming.“This could be the one thing to come out of Poznan,” said Kit Vaughan of WWF-Britain.The decision in the final hours of the two-week conference could begin to release some $60 million (euro45 million) within months, according to delegates and environmentalists following the closed-door talks.“This is an important step,” said delegate Mozaharul Alam of Bangladesh.Alam said ministers and senior delegates from dozens of countries decided to give a blocked fund’s governing board the authority to directly disburse money to developing countries for projects to reduce greenhouse gases.

Until now, the U.N.-backed Adaptation Fund board could not operate because its board had no right to approve and sign those contracts.

The fund is derived from a 2 percent levy on offset investments that industrial nations make on green projects in the developing world. The negotiators have been discussing other ways to ramp up the fund into the billions.

The agreement was one of the few concrete goals the delegates set for Poznan when the talks began Dec. 1. Delegations from nearly 190 countries are negotiating a new climate change pact, to be completed next December in the Danish capital of Copenhagen, that would succeed the Kyoto Protocol when it expires in 2012.



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