Everyone wants to Save the World, as long as Everyone else pays for it
The BBC reported yesterday that the Copenhagen climate summit negotiations have been suspended. The China-led G77 coalition of developing nations (and some wealthy nations like South Korea) have withdrawn their co-operation due to the “Danish text” that leaked last week. Turns out, the developing countries do not want to be penalized more than developed nations to prevent mythical climate change. Who would have thought central planning of the world economy would be so difficult?