The UN scheme to suck $7 trillion out of the world economies
Of course the reason why the US does not buy into such a bondogle is that it would be disasterous to the US economy and make matters worse in the name of Henny Penny juck science. Until these "scientist" can explain global warming on Mars they are going to be hard pressed to prove that the warming of earth is man made and can be reversed. The Brits seem to be just nuts over this issue. It is their socialist control freak tendancies that seize on junk science as an excuse to control the world economy to achieve their socialist objectives. And, good luck getting the French and the other socialist to give up their failed socialist schemes and agriculture subsidies.
The most potent threats to life on earth - global warming, health pandemics, poverty and armed conflict - could be ended by moves that would unlock $7 trillion - $7,000,000,000,000 (£3.9trn) - of previously untapped wealth, the United Nations claims today.
The price? An admission that the nation-state is an old-fashioned concept that has no role to play in a modern globalised world where financial markets have to be harnessed rather than simply condemned.
In a groundbreaking move, the UN Development Programme (UNDP) has drawn up a visionary proposal that has been endorsed by a range of figures including Gordon Brown, the Chancellor of the Exchequer, and Joseph Stiglitz, the Nobel Laureate.
It says an unprecedented outbreak of co-operation between countries, applied through six specific financial tools, would slice through the Gordian knot of problems that have bedevilled the world for most of the last century.
If its recommendations are accepted - and the authors acknowledge this could take years or even decades - it could finally force countries to face up to the fact that their public finance and growth figures conceal the vast damage their economies do to the environment.
At the heart of the proposal, unveiled at a gathering of world business leaders at the Swiss ski resort of Davos, is a push to get countries to account for the cost of failed policies, and use the money saved "up front" to avert crises before they hit. Top of the list is a challenge to the United States to join an international pollution permit trading system which, the UN claims, could deliver $3.64trn of global wealth.