Thread: Climate Treaty Creates New Agencies For Funds, Tech. to 3rd

Climate Treaty Would Create New Global Agencies to Transfer Money and Technology from U.S. and Other Developed Countries to Third World

Monday, December 14, 2009
By Matt Cover, Staff Writer

(CNSNews.com) - A draft proposal released by the United Nation’s climate negotiating group outlines a plan for creating two new international agencies designed to transfer technology and money from developed Western states such as the United States to undeveloped Third World Countries.

Released Friday by the Ad Hoc Working Group on Long Term Cooperative Action (AWG-LCA)--the U.N. group responsible for negotiating a successor to the Kyoto Protocol treaty at Copenhagen--the draft proposal outlines the major commitments and obligations of both developed and undeveloped nations.

Among the proposals the draft agreement outlines are a new international agency responsible for redistributing financial resources from developed countries to developing ones and another new international agency that would coordinate the redistribution of advanced technologies to those same developing countries.

Under the proposed agreement, the details of which will be worked out over the coming week, developed countries--including the United States--would be responsible for not only enacting their own “legally-bindingâ€

Related:
http://www.alipac.us/ftopict-181462.html