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Friday, January 13,  2006

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  Polluting Countries Set up Fund

 

Six of the world's largest polluting countries will create a multi-million dollar fund to encourage mining and power industries to develop and use cleaner technologies to combat climate change. The Asia Pacific Partnership on Clean Development and Climate between United States, Australia, Japan, China, South Korea, and India, met for the first time to respond to climate change challenges. These countries are responsible for half of the world's greenhouse gases from burning fossil fuels. Green groups charge that the countries are trying to subvert the Kyoto protocol. The US and Australia have refused to sign that accord. In the meanwhile the US said that it would not oppose Australia's proposed sale of uranium to China as long as they had safety processes to safeguard the consignment. Australia has nearly half of the world's uranium.








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