Even the One World-ers don’t trust each other.
At last year’s IPCC meeting in Cancun, nations agreed to set up a Green Climate Fund so that money — as much as $100 billion by 2020 — could be redistributed from wealthy to poor nations.
But negotiations over how the Green Climate Fund would operate have snagged right before the next IPCC confab in Durban, South Africa.
According to Climatewire:
Diplomatic talks to develop a multibillion-dollar global climate change fund hit a brick wall this week, and international leaders are blaming the United States and Saudi Arabia.
The implosion came late Tuesday when the United States and Saudi Arabia, for different reasons, refused to accept a draft blueprint for how the Green Climate Fund might operate. The tense meeting in Cape Town, South Africa, ended with frustrated diplomats beseeching the United States to sign off on the draft and prevent seven months of work from unraveling…
U.S. Treasury Deputy Assistant Secretary for Environment and Energy Gilbert Metcalf said in Cape Town that the United States had concerns about several provisions, including the close relationship between the fund and the U.N. climate regime. [Emphasis added]
No doubt some pro forma language will eventually paper over the Obama administration’s apparent concerns. As pointed out by a spokesman from the World Resources Institute:
The U.S. cares about the Green Climate Fund. I don’t think they can afford to be named as the country that has blocked the adoption of the instrument at the end of the day in Durban.