The greens’ fight against simply rebranding foreign aid as
‘climate aid’, in lieu of adding the new stream of billions as
originally planned, has a new twist. Per Politico, Kyoto
seems to offer despots a nice backdoor to skirt sanctions:
CARBON CREDITS FOR NORTH KOREA? Kim Jong-il’s
government is looking to sell UN-backed carbon offsets from
hydropower projects as a way to raise hard currency in the face of
sanctions over its nuclear weapons program, the Guardian
reports.
Meanwhile, Open Europe, citing about a dozen sources in today’s
update, notes the greens’ red counterparts are calling for
the new revenues to be generated. “[T]the Party of European
Socialists, meeting in Athens on Friday, called for a financial
transactions tax and a carbon tax.”