Developing nations ask industrialized world to compensate them for economic, climate crises

October 6th, 2009 BANGKOK - The World Bank has estimated that industrialised countries will have to pay developing nations $100 billion a year from now till 2050 to battle climate change. But there is no money nor any commitment on the table though over 4,000 delegates from 177 countries are squabbling here over who will govern the fund if it comes into being.

October 4th, 2009 ISTANBUL - Climate change could depress the economic output of Africa and South Asia by as much as five percent per year, the World Bank warned Sunday. The effects of a warming of the Earth's temperature by even two degrees Celsius could put up to 400 million people at risk of hunger and leave up to two billion lacking enough water resources.

September 26th, 2009 UN urged to move on hungerUNITED NATIONS — U.N. chief Ban Ki-moon and U.S.

September 25th, 2009 PITTSBURGH - Prime Minister Manmohan Singh says developed nations would need to provide funding and affordable technology to developing nations in return for any commitments to fight climate change. "There is a broad, vague agreement that any agreement in which developing countries are also required to take any national action will have to be accompanied by credible action on the part of developed countries," he said at a post G-20 summit news conference Friday.

September 23rd, 2009 Obama pleads for harder work on climate changeUNITED NATIONS — President Barack Obama has implored world leaders to confront climate change, saying there can be no peace without cooperative work to preserve the planet. Appearing before global leaders gathered at the United Nations, Obama said Wednesday that "the danger posed by climate change cannot be denied — and our responsibility to meet it must not be deferred." The president said "this is why the days when America dragged its feet on this issue are over." He said he understood the tempation of nations to put economic recovery from recession ahead of climate change work, but said that must not be allowed to happen.

September 22nd, 2009 UNITED NATIONS - Asserting that India has not caused the climate change problem in any way, External Affairs Minister S.M. Krishna said New Delhi will be part of the solution, but the outcome must be rooted in equity.

September 22nd, 2009 UNITED NATIONS - Warning that the global economic recession could hinder the ability of countries to take necessary steps to combat climate change, President Barack Obama Tuesday told world leaders "we are determined to act". "The journey is hard.

September 11th, 2009 UN climate chief: Big greenhouse gas cuts neededDALIAN, China — Rich countries must commit to deeper cuts in greenhouse gas emissions if they want China and India to sign onto an accord to curb global warming, the top U.N. climate official said Friday.

September 10th, 2009 EU steps up efforts for new global climate pactCOPENHAGEN — Fearing that a possible global deal on climate change is in danger, European foreign ministers announced Thursday they were stepping up efforts to make sure that nations around the world face up to global warming. Five EU foreign ministers have been traveling to European capitals for the last week to press the issue — and now they are taking the case for tackling climate change to other world capitals.

September 8th, 2009 UK: Global deal on climate change may not happenLONDON — Britain's Foreign Secretary says there is danger a United Nations conference in December won't strike a global deal on climate change. David Miliband said Tuesday the complexity of negotiations and disputes between industrialized and developing nations leave prospects for a deal "in the balance." He said they threaten to sink a new global pact which would replace the 1997 Kyoto Protocol on reducing greenhouse gas emissions at the conference in Copenhagen.

July 24th, 2009 BEIJING - UN Secretary General Ban Ki-moon Friday urged China to become a role model for developing nations in responding to climate change by promoting clean energy and investing in "green" economic growth. "China has long been the world's fastest-growing major economy," Ban said in a speech in Beijing.

July 8th, 2009 L'AQUILA - In a strong message ahead of the G8 meet here, the emerging economies of the G5 including India Wednesday asked the grouping of the industrialised nations to find global solutions to international problems without compromising the interest of developing and poor countries. At the end of their meeting here, the leaders of the G5 countries - China, India, Mexico, Brazil and South Africa - specifically mentioned the financial crisis, protectionist issues in trade, climate change and food security as the issues that the G8 needs to address.

July 7th, 2009 NEW DELHI - Heading for the G8-G5 summit in the Italian earthquake-hit town of L'Aquila Wednesday, Prime Minister Manmohan Singh blamed the developed economies for the present global financial and economic slowdown and adverse consequences of climate change being faced by the world. "The global financial and economic slowdown that we are witnessing is particularly detrimental for the development objectives of developing countries such as India.

June 29th, 2009 China's Hu to attend G8 meeting in ItalyBEIJING — Chinese President Hu Jintao will attend next month's meeting in Italy between leaders of the Group of Eight nations and those of emerging economies, the Foreign Ministry said Monday. Hu will attend the July 8-10 meeting in Trieste, Italy, at the invitation of Prime Minister Silvio Berlusconi, it said in a statement.

May 6th, 2009 US submits first plan for new UN climate treatyUNITED NATIONS — In a major shift, the United States committed itself to reaching agreement on a new global climate treaty this year and told the U.N. it wants strong targets for cutting greenhouse gases as long as other heavily polluting nations do their part.