Secretary of State Hillary Clinton arrived in Copenhagen, Denmark today for the climate change conference and immediately offered developing nations $100 billion per year beginning in 2020 in global warming mitigation aid. There weren't many particulars with the announcement however because nobody has a clue as to how or who would pay. It is being reported that the U.S. money would come from a 'fee' on fossil fuels. Republicans will call that a tax. And it will never pass Congress anyway, whether in or out of a climate change treaty.We doubt the developing nations will bite on this trial balloon. They have been very aggressive in their demands for financial assistance from developed nations in order to achieve any emissions reductions targets. President Obama arrives tomorrow and maybe more particulars will be forthcoming. [photo courtesy WSJ]
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