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Video – COP 15. U.S. Secretary of State Hillary Clinton Proposes 2020 International $20B Climate Fund

Copenhagen, Dec 17, 2009

Today U.S. Secretary of State Hilary Clinton announced that the United States would be willing to participate in an international climate fund reaching $100 billion/year by 2020, conditional upon China accepting “transparency” in carbon emissions monitoring. This offer may remove one major hurdle to a climate deal, the remaining issue being the very weak U.S. emissions cut offer of 17% from 2005 levels (equivalent to a 3 or 4% cut from 1990 levels).

Report by James George