Europe is back to braying about its “leadership role” in Kyopenhagen. And they’re eyeing to take ownership of the title for the low, low price of $3.6 billion annually over the next three years. That’s not exactly the 5 percent of GDP 50 African nations want.
Good for you, Europe! Put your pennies where your principles are. Lead on! (But don’t be upset if we don’t follow.)
Oh, wait, their leadership role is conditional.
Donations by some EU countries are thought to be only a token to reach a unanimous agreement.
The climate money is meant to go toward a global 10 billion US dollars annual fund for short-term help to poor countries, particularly in Africa, adapt to the effects of global warming before a new climate treaty being negotiated in Copenhagen comes into force in 2012.
Critics noted, however, the 10 billion-dollars-a-year aid pales in comparison to the huge stimulus packages and bank bailouts paid by many governments in the wake of the global financial meltdown. . . .
EU Commission President Jose Manuel Barroso called the pledge “conditional.”
“We will see if there is a move on the part of the other developed countries during the Copenhagen summit,” Reinfeldt said, noting in particular the United States and Canada.