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Billions to Africa?
Ethiopian President Meles Zenawi is being praised for his compromise “low figure” demanding only $10 billion a year (immediately) from the west for Africa to implement carbon policy until 2015, when he will settle for $50 billion per year. Even at these apparently “low prices” other African nations are calling it a sell out.
Thrilled at the thought of giving such money to Somalia, Zimbabwe,S. Africa, Zambia and some of those west African thug nations, and setting aside any political division as whether such expenditure is necessary anyway, one has to ask where Australia, US, UK will find this sort of money.
Borrowing is the answer. In short we’d have to go into further debt to give huge sums of money to countries whose financial rectitude is to say the least, questionable. Not a good look.
Colin Lamont
Varsity Lakes, Queensland
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