'EU leaders have so far failed to agree how much aid the bloc will give to developing nations to tackle the effects of global warming'.
During the past few days since climate change summit starts, situations falls into "chaos", according to Australian activist Wendy Miller's report, protester is staying peaceful up to now, (40,000 people is involved at the moment), but said things will turn sour next Wednesday as thousands of protesters vowing to take over the UN meeting. On the other hand, Billionaire George Soros make a flying visit to UN climate change summit and unveiled a proposal that IMF (International Monetary Fund) use it's gold reserve as the collateral for green fund. (US$100 Billion).
EU leaders is attending a 2 days summit in Brussels pledging for a 6 Billion Euros funds over 3 years jointly contributed amongst EU members, however, they still struggling to convince poorer Eastern European countries to contribute.
Germany, France is still hanging around without any commitment so far whereas significant contributions comes from UK, Sweden, Denamrk and Holland totalling 2.1 Billions Euros.
During the Summit in Copenhagen, USA and China are at odds! China criticised USA failing to provide financial support to developing countries during past 17 years, they should pay 1% of their GDP each year to solve the crisis. China also blamed that USA and other rich countries for causing global warming.
USA has rebuffed China that China would not be compensated by the aid funding as the world's no.1 polluter and have capacity to pay their own way!
All I could say is; every nation is pointing fingers to each other without taking up any obligations/responsibilities to retrospect they already undermined the environment with all their deeds in past decades. I am now really sketic about the outcome of the climate change summit with so many problems to tackle, anyhow, let us hoped for the best and prepared for the worst.
God bless the World!
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