U.S. Special Envoy for Climate Change Todd Stern said that there was “no question” that China would receive both financial and technological assistance from the United States as part of upcoming climate change talks to be conducted in Copenhagen, Denmark.
“This is a developing country issue, which includes China,” Stern told reporters on Friday. “I think there is no question that a Copenhagen agreement is going to have to include mechanisms to provide the financial flows and technological assistance to developing countries.”
The Copenhagen talks are part of the United Nations Framework Convention on Climate Change (UNFCC), the U.N. body responsible for negotiating the Kyoto Protocol and its successor treaty, negotiation of which will be finalized in Copenhagen this December.
China, called a developing country by the U.N., is being given a special definition by U.S. negotiators who want any final agreement to reflect that despite its vast swaths of undeveloped rural countryside, China is rapidly urbanizing, boasting fully modern cities. Stern outlined this split personality, saying China was “both” a developed and a “developing” country.
China has so much cash they can afford to buy hundreds of billions of dollars of our debt. We don't need to give them money to stop a crisis that's not occurring.
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