AMERICAN billionaire George Soros says wide disagreements over climate-change financing for poor countries "could actually wreck" the Copenhagen climate conference.
The investor-philanthropist says the R76billion a year, three-year proposal put forward by richer nations is "not much, it's not sufficient". Developing countries want much more.
Soros yesteron Thursday proposed a partial solution, shifting some of the International Monetary Fund's mission from providing liquidity to stressed financial markets to financing clean-energy projects in developing countries. But he said US officials told him that opposition in congress would block such a plan.
Earlier, the US and China exchanged barbs at the talks, underscoring the suspicion between the world's two largest carbon polluters about the sincerity of their pledges to control emissions. - Sapa-AP