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Follow on Google News | Financial Soultions: Strong international call for U.S. to commit to firm climate change policy.Barcelona talks see increased pressure on the U.S. as Copenhagen deadline draws closer.
As the last round of U.N. climate talks prior to Copenhagen got under way, countries increased calls on Washington for definite commitments on cutting carbon emissions and contributing to a global climate fund to help poorer nations cope with the damaging costs of climate change. The present talks in Barcelona are intended to lay the ground work for a new deal meant to replace the 1997 Kyoto Protocol, but both industrial countries and developing will be required to commit to cutting emissions of carbon and other globe warming greenhouse gases. Kyoto was only binding on industrialized nations, and was rejected by the United States, which saw the efficacy of the pact weakened, Financial Soultions understands. In what could only be seen as subtle stab at Washington, Yvo de Boer, head of the U.N. climate secretariat, said countries like China, India, Mexico, Brazil and South Korea were more progressive on climate change than the richer developed nations."China is probably the world leader in limiting greenhouse gas emissions," he continued. "It's very hard to imagine how the American president can receive the Nobel Prize ... and at the same time has sent an empty-handed delegation to Copenhagen," # # # Financial Soultions is a Boutique Investment Advisory Firm with very selective Corporate, Private and Institutional Clientèle who enjoy above average returns and service. End
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