U.S. to Help Finance Climate Change Fund

COPENHAGEN, Denmark, Dec. 17 (UPI) — The United States will contribute to a $100 billion fund to help developing countries address climate change, Secretary of State Hillary Clinton said Thursday.

Speaking at the U.N.-sponsored climate change summit in Copenhagen, Denmark, Clinton said the yearly contribution would be contingent on reaching a substantial accord that includes “transparency” in tracking emission cuts by major developing countries, The Washington Post reported.

Earlier in the week, China said it would not permit independent verification of its pledged emission cuts, saying Chinese laws would ensure the cuts were made.

As the conference barrels toward its conclusion Friday, Chinese and U.S. officials indicated a final political agreement on climate change likely won’t happen when the environmental summit concludes, The New York Times reported.

The stalemate is over emission controls for developing countries, including China, and how wealthy nations would help finance poorer countries to address climate change issues. Delegations said they had hoped to reach an interim agreement on the issues that would have “immediate operational effect,” but China didn’t indicate it would sign on, the Times said.

“I still believe it’s possible to reach a real success,” the United Nations climate secretary, Yvo de Boer, said Wednesday. “But I must say that in that context, the next 24 hours are absolutely crucial and need to be used productively.”

Accompanying Clinton to the Danish capital were U.S. House Speaker Nancy Pelosi of California and other legislators. President Barack Obama will arrive Friday.

Copyright 2009 by United Press International

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