With the United Nations Rio+20 summit on sustainable development set to open next Wednesday, negotiators from developing nationswalked out of a key working group over disagreements with wealthier nations about funding environmentally responsible development and the transfer of green technology. As negotiators attempted to forge an agreement, the G77 bloc of developing nations, led by China, proposed that wealthy countries finance a global fund for sustainable development with an initial annual budget of $30 billion. But European Union nations said they were unable to afford that because most EU states faced an economic crisis. Luiz Alberto Figueiredo, of the Brazilian Foreign Ministry, rejected that argument, saying, “We cannot be held hostage to the retraction resulting from financial crises in rich countries.” As 130 world leaders (with the notable absence of the leaders of the U.S., Britain, and Germany) prepared to arrive, a top Brazilian diplomatlamented the summit’s disparate blocs, saying the traditional north-south divide was only one of many divisions.
Quoted from Hosted News
By Yana Marull (AFP)
BRASILIA, Brazil —
The upcoming Rio conference on sustainable development must yield a commitment to manage the world economy in a way that respects the environment and fights poverty, a Brazilian official says.
"I believe that Rio+20 will deliver the instruments to make sustainable development a paradigm for the economy, not just for the environment," Andre Correa do Lago, the host country's pointman for the June 20-22 summit, said in an interview with AFP.