. Energy News .




.
POLITICAL ECONOMY
NGOs complain poor left with 'crumbs' at G20
by Staff Writers
Cannes, France (AFP) Nov 4, 2011


Non-governmental organisations expressed disappointment Friday that the poor had been left with "crumbs" as Greece and the eurozone crisis hijacked the attention of leaders at a G20 summit.

While they welcomed that some nations led by France vowed to pursue a tax on financial transactions to help raise funds for anti-poverty and development efforts, they complained that Europe's woes had dominated the agenda.

The measures approved in Cannes by the leaders of the world's top economies contain "a full hearty meal for Greece and the other countries in the G20," said Soren Ambrose of ActionAid Kenya.

"But in the developing world the impoverished people are again being fed crumbs," he added, complaining development slipped to the bottom of the agenda as leaders focused on the combatting the financial crisis.

"While we accept that resolving the problems of Greece and eurozone is important, however, we expected G20 leaders to define global and sustainable solutions to the global crisis," said Taneem Essop of WWF.

"From our perspective the most important challenge is to make the governments put people and nature first, not the banks," said Carlos Zarco of Oxfam Mexico.

Development groups said G20 leaders also missed an opportunity to send a strong signal ahead of key climate change talks later this month in South Africa as they failed to clearly state their willingness to financially help people and countries hit by the effects of global warming.

Anti-poverty groups welcomed a report made to the G20 by Microsoft chairman and billionaire philanthropist Bill Gates with suggestions how countries can raise funds take innovative steps to boost development.

But they were disappointed that the G20 leaders concentrated on market mechanisms and private investment, noting that the financial crisis showed that role of states is crucial.

State involvement "is a prerequisite for any kind of responsible development to happen and a prerequisite for democratic accountability," said Ambrose.

G20 leaders acknowledged the importance of official development aid, and said developed countries should meet their pledges of support while emerging nations step up their efforts.

But most of the G20 proposals are market oriented, like boosting private investment in agriculture and infrastructure in poor countries.

G20 leaders also backed stronger regulation and monitoring of commodity derivatives markets to discourage speculation that has been blamed for playing a role the rise of food prices.

Anti-poverty groups welcomed this step, but said Luc Lampriere of Oxfam France said the measures "don't respond the current crisis situation."

French President Nicolas Sarkozy said he shared the disappointment of aid groups that development issues were eclipsed by the need to deal with economic crises, but insisted "overall progress has been made."

He said it was unrealistic to have expected universal support for a financial transaction tax, and said it was considerable progress that a number of countries plan to move forward.

"Morally, we consider it absolutely indispensible that the people of the world know that the financial actors who led the world into the mess will contribute financially to repairing the damage they created," said Sarkozy.

He also pointed to the G20 leaders endorsing a plan for each country to introduce a minimum of social protection measures.

Related Links
The Economy




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



POLITICAL ECONOMY
China economy 'slowing visibly': Rio Tinto chief
Sydney (AFP) Nov 4, 2011
China's economy is "slowing visibly", the chairman of mining giant Rio Tinto said Friday, but he expressed confidence that it will prove resilient to any sharp correction in other major economies. The miner provides key materials for China's growth, with the Asian powerhouse accounting for 28 percent of its global sales of materials including iron ore, coal, aluminium, copper and diamonds, w ... read more


POLITICAL ECONOMY
NASA Launches JPL-Built Earth Science Experiment

Halloween Weekend Snow Paints a Ghostly Picture in the U.S. Northeast

Landsat's TIRS Instrument Comes Out of First Round of Thermal Vacuum Testing

Small but agile Proba-1 reaches 10 years in orbit

POLITICAL ECONOMY
Russia set to launch Proton-M carrier rocket with 3 Glonass-M satellites

Russia to launch four Glonass satellites in November

One Soyuz launcher, two Galileo satellites, three successes for Europe

Soyuz places Galileo satellites in orbit - mission control

POLITICAL ECONOMY
Forests not keeping pace with climate change

Niger capital's 'green lung' facing suffocation

Savannas, forests in a battle of the biomes

Gibson Guitar boss backs tough timber trade rules

POLITICAL ECONOMY
China Completes First Biofuel Jet Test Flight

Genome-scale Network of Rice Genes to Speed the Development of Biofuel Crops

Lincoln Increases Trucking Fleet to Expand Regional Biofuels Service

Animal Farm Powers Village by Alfagy

POLITICAL ECONOMY
SunPower Partners with Orchard Supply Hardware to Offer High Efficiency Solar Power Systems

Solar concentrator increases collection with less loss

Solar Power Could Get Boost from New Light Absorption Design

SunRun Selects Mercury Solar Systems

POLITICAL ECONOMY
Mortenson Construction Builds Its Fifth Wind Facility In Illinois

Chinese Wind Market To Overtake Germany by 2018, Second Only to the UK

Huhne slams green energy 'naysayers'

Wind farm development can be powerful, as long as proper design is implemented

POLITICAL ECONOMY
45 saved in major Chinese mine rescue: state media

China battles to save 50 trapped miners

China coal mine blast kills 29: state media

Thirteen dead in China coal mine blast: report

POLITICAL ECONOMY
China jails grandmother who organised protest

Weiwei gets more tax demands

Exiled Tibet PM urges US pressure over protests

Tibetans divided by self-immolations


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement