Climate Treaty Would Create New Global Agencies to Transfer Money and Technology from U.S. and Other Developed Countries to Third World

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A draft proposal released by the United Nation’s climate negotiating group outlines a plan for creating two new international agencies designed to transfer technology and money from developed Western states such as the United States to undeveloped Third World Countries.

Among the proposals the draft agreement outlines are a new international agency responsible for redistributing financial resources from developed countries to developing ones and another new international agency that would coordinate the redistribution of advanced technologies to those same developing countries.

Under the proposed agreement, the details of which will be worked out over the coming week, developed countries--including the United States--would be responsible for not only enacting their own “legally-binding” environmental laws but also for funding and assisting the environmental agendas of Third World states...

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