Developing = poor?

Comments: Developing = Poor?
At the COP15 the press is constantly referring to a fight between the developed countries and the developing countries. Developed countries have caused the problem by occupying most of the available "CO2 space" and should therefore pay for most of the efforts to reduce CO2 emissions in developed and developing countries.

People seems to think of developing countries as poor countries - but is this always true? Today there seems to be only one nation with huge amounts of cash, China (categorized as a developing country). A leading developed country USA borrows money from China to finance its budget deficit. When USA is going to pay big bucks to developing countries for CO2 reduction programs - it will be with borrowed money from China.

If you play with this thought, it might get scary... If you get into trouble financially (or otherwise) and live in Sicily or in New York -the Mafia is more than happy to help you. There is a catch, however, they will some day "ask" for a favour in return. The more you owe them, the harder it will be for you to pay them back.

The blue-suits know more about this dilemma, but through history we have seen many South American countries with huge debts - and at that time they borrowed from USA. Hyperinflation and frequent devaluations reduced the debt - how will USA be able to pay China back? My guess is that we'll either see inflation or big budget cuts (or both).


Event 1: More than 200 activists detained Sunday.
Danish police stopped an unauthorized demonstration on a second day of street protests over climate change as environment ministers met for informal talks to advance negotiations on a new pact.

These arrests follow the 968 people detained during and after a mass rally Saturday in Copenhagen. (Police said only 13 of them remained in custody Sunday. Of those, three were set to be arraigned in court on preliminary charges of fighting with police).

Event 2: Gahr and Gore
Former American Vice President Al Gore and Norwegian Foreign Minister Jonas Gahr Støre will present their global report on melting ice during a side event of the UN Climate Change Conference in Copenhagen (COP15) today - "Melting of the polar regions occurs much faster than experts previously thought. Sea may rise two feet over this century."

Progress:

Nobody showed up to finish the work today either.