Belmont Club

For their own good

India announced it would not be bound by any decisions reached at the “climate change” summit in Copenhagen said it might participate in any programs supported by “financing and technology transfers”. And in Copenhagen itself the Danish Climate Minister, appointed to become Europe’s fist climate commissioner, said that if “U.S. President Barack Obama offered some financing for a global climate deal it would boost chances of reaching agreement in Copenhagen in the next two weeks”.

“What the world is waiting for now is exactly what will be the American commitments to reduce their emissions,” Hedegaard said and added the world also wanted to know “what kind of financial contributions would come from the American side.”

“There, President Obama could be very helpful if he has something in his pocket … when he comes to Copenhagen. I think it would be very useful.”

Something in the pocket is always very useful in part because getting countries like India to sign on to Copenhagen is like pulling teeth. According to Reuters, India will do nothing contrary to its interest. Any cooperation will be strictly billed.

NEW DELHI, Dec 3 (Reuters) – India will not accept a legally binding emission cut nor a peak year of carbon emissions at the global climate talks in Copenhagen, Environment Minister Jairam Ramesh said on Thursday.

“There is no question of India accepting a legally binding emission reduction cut,” he told parliament, laying out India’s negotiating position ahead of the December talks.

India would however accept international verification of reductions if supported by financing and technology transfers.

Meanwhile, Saudi Arabia has announced that it will also be looking for money in case emissions caps are announced. The BBC reports:

As the world’s leading oil producer, Saudi Arabia has previously fought attempts to agree curbs on emissions, and has also argued that it should receive financial compensation for “lost” revenue, given that constraints on emissions might restrict oil sales.

Several European leaders believe that without a control of carbon emissions the world is literally doomed. Gordon Brown argued that the Third World is facing an apocalypse — the very Third World that they hope America will bribe to accept restrictions.

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