Wednesday, April 2, 2008

The Most Bang for the Buck?

Developing nations will need $86 billion annually to adapt to climate change, according to the UN. If they don't get it, they aren't going along with any new treaty to cut CO2 emissions.

A few years ago, a study found that six million children could be saved every year for around $5 billion. We still see almost ten million children die every year from preventable and treatable causes. Why not spend a small amount of money now to save millions, instead of a much larger amount to deal with what might happen years from now?

If China and India don't change their ways soon, it really won't matter if these other developing nations participate or not. And maybe freer trade would advance the developing world more in the long run, rather than protectionism and hand outs.

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