$100 Billion More for Climate Change?
Posted in Main Blog (All Posts) on November 6th, 2010 4:49 am by HL
$100 Billion More for Climate Change?
Like a chubby kid doing a chin-up, a group of finance ministers and heads of state has declared that it is “challenging but feasible” to generate $100 billion a year by 2020 to fund a program allowing developing countries to adapt to the effects of climate change and reduce domestic emissions. Such a flow of aid could substantially increase the probability for a new global climate agreement, experts believe. The $100 billion for the developing world is slated to come from carbon taxes, permit auctions and transport taxes. —JCL The Guardian: Guaranteeing major new aid flows for developing countries has become a prerequisite for a new climate agreement, but many developing countries argue that the $100bn on offer from rich countries falls far short of the funding necessary to help 130 poor countries which face devastating climate change. Others want the money to be drawn wholly from public finance sources which they say is more predictable. Developing countries declined to react until they had read the report in detail but non-governmental groups said that initial analysis suggested that all the money could be raised from public funds. Tracy Carty, Oxfam climate change policy adviser, said: “The $100bn committed to in the Copenhagen accord must come from public sources of funding rather than private to ensure it reaches communities desperately in need of money to help them adapt to climate change and develop in a low-carbon way. Private finance cannot meet the needs of developing countries for adaptation.” Read more
Like a chubby kid doing a chin-up, a group of finance ministers and heads of state has declared that it is “challenging but feasible” to generate $100 billion a year by 2020 to fund a program allowing developing countries to adapt to the effects of climate change and reduce domestic emissions.
Such a flow of aid could substantially increase the probability for a new global climate agreement, experts believe.
The $100 billion for the developing world is slated to come from carbon taxes, permit auctions and transport taxes. —JCL
The Guardian:
Guaranteeing major new aid flows for developing countries has become a prerequisite for a new climate agreement, but many developing countries argue that the $100bn on offer from rich countries falls far short of the funding necessary to help 130 poor countries which face devastating climate change. Others want the money to be drawn wholly from public finance sources which they say is more predictable.
Developing countries declined to react until they had read the report in detail but non-governmental groups said that initial analysis suggested that all the money could be raised from public funds. Tracy Carty, Oxfam climate change policy adviser, said: “The $100bn committed to in the Copenhagen accord must come from public sources of funding rather than private to ensure it reaches communities desperately in need of money to help them adapt to climate change and develop in a low-carbon way. Private finance cannot meet the needs of developing countries for adaptation.”
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- October 20, 2010 Big Thumbs Up for Scheer’s ‘Stickup’
Wee Bit of Good News on the Job Front
Two things are a given at the beginning of every month: The rent comes due and U.S. employment figures are released. Regarding the latter, the economy added 151,000 jobs in October, reversing a trend of four months of job losses but not enough to cut into the stubborn 9.6 percent national unemployment rate. Underemployment, a better gauge of the actual employment situation, did slip back from 17.1 percent to 17 percent. That means 17 percent of working Americans are unemployed, unable to find full-time work, or have simply given up looking. —JCL The New York Times: The United States economy added 151,000 jobs in October, a welcome change after four months of job losses but still not enough to make a dent in unemployment. Private companies have been expanding their payrolls throughout 2010, according to a Labor Department report released Friday. Private job growth had been overwhelmed by the elimination of temporary decennial Census jobs and layoffs by state and local government during the summer and early fall—until October. On many levels, the October report was much stronger than expected. Forecasters had been expecting a gain of only 60,000 jobs. The report also revised the numbers for August and September, showing 110,000 fewer jobs losses than previously estimated. Hourly wages were slightly higher, too. Read more
Two things are a given at the beginning of every month: The rent comes due and U.S. employment figures are released. Regarding the latter, the economy added 151,000 jobs in October, reversing a trend of four months of job losses but not enough to cut into the stubborn 9.6 percent national unemployment rate.
Underemployment, a better gauge of the actual employment situation, did slip back from 17.1 percent to 17 percent. That means 17 percent of working Americans are unemployed, unable to find full-time work, or have simply given up looking. —JCL
The New York Times:
The United States economy added 151,000 jobs in October, a welcome change after four months of job losses but still not enough to make a dent in unemployment.
Private companies have been expanding their payrolls throughout 2010, according to a Labor Department report released Friday. Private job growth had been overwhelmed by the elimination of temporary decennial Census jobs and layoffs by state and local government during the summer and early fall—until October.
On many levels, the October report was much stronger than expected. Forecasters had been expecting a gain of only 60,000 jobs. The report also revised the numbers for August and September, showing 110,000 fewer jobs losses than previously estimated. Hourly wages were slightly higher, too.
Related Entries
- November 3, 2010 Payback at the Polls
- October 20, 2010 Big Thumbs Up for Scheer’s ‘Stickup’
