Climate Change Talks-Is it really all about money?

Too bad the climate change talks aren't about making a serious improvement on the environment. Instead it is all about money. Problem with wealthy nations contributing money to poor nations is that money is too easily embezzled or redirected into other "programs" i.e. defense.

clipped from www.nytimes.com The Major Players in the Copenhagen Talks and Their Positions Targets -- how much countries are willing to scale back the gases that trap heat in the atmosphere -- may appear to be the main issue at hand. But there are others that delegates will be absorbed with. Poor countries want billions of dollars to stave off global warming disasters and help reduce costs of lowering their own rising emissions. Wealthy nations are tiptoeing cautiously around the money question, and are demanding their own new set of checks and balances on whatever new agreement emerges that replaces or builds upon the 1997 Kyoto Protocol. What it wants: for developed countries to collectively slash up to 40 percent of CO2 below 1990 levels by 2020. It also has called for wealthy nations to contribute 0.5 to 1 percent of their gross domestic product to help poor ones address the threats of climate change.