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Carbon penalties said route to $100 bln aid

Posted on 11 October 2010

From Reuters: More penalties on greenhouse gas emissions could help raise $100 billion a year from 2020 to enable poor nations to slow global warming, despite austerity in many rich countries, Norway’s prime minister said.

Jens Stoltenberg, who will co-chair a U.N. advisory group about climate financing in Addis Ababa on Tuesday, said raising $100 billion a year was “feasible” but one of the hardest issues in talks on a new U.N. climate deal…………………………………….Full Article: Source

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