The Chronicler's Web (TCW)

by DAN CALLOWAY
Published 17 December 2009 @ 20:14 UCT

COPENHAGEN, DENMARK – Secretary of State, Senator Hillary Rodham Clinton, spoke at the Copenhagen World Climate Conference on Thursday where she represented the United States’s position on global warming in reaching an agreement on greenhouse gas emissions by backing a proposal to create a global cache of money for developing countries that has been estimated to be worth roughly $100Bn a year within a decade.

The European Union has also agreed to create a similar fund amounting to well over one-hundred billion Euros in support of developing countries in the next decade to assist those countries with the effects of global warming caused by humankind.

Shortly after her announcement, the global climate chief of the UN, Yvo de Boer, remarked that diplomatic and political pressures to come to an agreement on climate control by the end of the week were having dramatic effects on the talks themselves as they entered their final hours.

EU negotiators were battling to get the U.S. and China to come to an agreement on how they would monitor pledges to limit their greenhouse gas emissions, and Chinese vice foreign minister, He Yafei, was insistent on no foreign government interference into his county’s affairs.  However, He Yafei did compromise by stating that China would consider international exchanges on a voluntary basis with other countries on the monitoring of emission levels within their countries.

The two-week Copenhagen Conference is expected to wrap up on Friday, but the sessions could carry over into Saturday if negotiations are still being hammered out.