(10 Dec 2009) SHOTLIST
1. American billionaire George Soros entering room, being introduced by presenter, zoom in on Soros as he walks on to podium
2. Wide of Soros at podium
3. SOUNDBITE (English) George Soros, US billionaire:
"The proposal is that the developed countries, in addition to establishing a fast start fund of ten (b) billion (US dollars) a year, should band together and lend a hundred billion (b) dollars worth of these SDRs (Special Drawing Rights) for 25 years to a special green fund serving the developing world. The fund would jump-start forestry, land use and agricultural projects, because these are the areas that offer the greater scope for reducing carbon emissions and could produce substantial returns from carbon savings."
4. Wide of Soros on stage
5. Cutaway of officials
6. SOUNDBITE (English) George Soros, US billionaire:
"Ten (b) billion dollars a year is more than nothing, but not much more because of the magnitude of the problem, so I think it's not sufficient and I think it is already becoming apparent in the negotiations that this is, there's a gap between the developed and the developing world on this issue, which could actually wreck the conference. So, I think this proposal, while it's not a panacea, would help to bridge that gap."
7. Wide of Soros at podium
8. SOUNDBITE (English) George Soros, US billionaire:
" And I did have some informal discussions, and while there's sympathy for the plan, the difficulty of getting congressional approval has been emphasised."
9. Wide of Soros at podium
STORYLINE
The 10 (b) billion US dollars a year proposed by rich nations to help the poor adapt to climate change was "not much" and was "not sufficient," American billionaire George Soros said on Thursday.
And he warned that the gap between what was offered and what was needed could "actually wreck" the Copenhagen Climate Conference.
"Ten (b) billion dollars a year is more then nothing, but not much more because of the magnitude of the problem, so I think it's not sufficient and I think it is already becoming apparent in the negotiations that this is, there's a gap between the developed and the developing world on this issue, which could actually wreck the conference," Soros said.
The investor-philanthropist, one in a line of international notables visiting the 192-nation meeting, told reporters he had developed a partial
solution.
He suggested shifting some International Monetary Fund resources from providing liquidity to stressed global financial system to a new mission of financing projects in developing countries for clean energy and adapting to climate change.
But he said US officials told him that opposition in Congress would block such a plan.
"The proposal is that the developed countries, in addition to establishing a fast start fund of ten (b) billion (US dollars) a year, should band together and lend a hundred (b) billion dollars worth of these SDRs (Special Drawing Rights) for 25 years to a special green fund serving the developing world," Soros said.
"The fund would jump-start forestry, land use and agricultural projects, because these are the areas that offer the greater scope for reducing carbon emissions and could produce substantial returns from carbon savings," he added.
The international financier dropped in on the two-week conference on its fourth day, as rich and poor nations pressed on behind closed doors and in open forums to bridge wide differences and reach agreements on how to combat global warming.
Find out more about AP Archive: [ Ссылка ]
Twitter: [ Ссылка ]
Facebook: [ Ссылка ]
Instagram: [ Ссылка ]
You can license this story through AP Archive: [ Ссылка ]
