SEARCH BLOG: GLOBAL WARMING
Dropping any pretense about Climate talks being about anything other than money, this African representative put it bluntly:
As if any money transfers will be used for anything beyond lining the pockets of despots.
At the heart of the disputes in Copenhagen are sharp disagreements over money, which came to the fore again Monday. Mamadou Honadia, who is part of the negotiating team for the African nation of Burkina Faso, said the G-77 had resumed talks with rich-nations, but was still unhappy that industrialized countries weren't giving longer-term financial commitments to poorer states.
"We need to see developed nations give us a plan of what (financial) transfers will come in five years, ten years and how much over the years ahead, and we aren't seeing that," he said.
The EU has pledged €7.2 billion ($10.5 billion) in financing between next year and 2012 to jump-start the fight against climate change in developing countries.
A Nigerian delegation official said earlier Monday that a key reason for the walkout was under funding from rich nations. He said the E.U. offer for just over €7 billion in short-term funding was "pathetic."