Redistributing Wealth from the West to the Rest

Redistributing Wealth from the West to the Rest

COP 18 started this week in Doha, Qatar, where climate campaigners will, again, try to get governments to commit to a $100-billion-per-year “Climate Fund” to redistribute wealth from the West to the rest—though $100 billion is already being considered “inadequate.” The Climate Fund “is designed to transfer wealth from the developed world to the developing world to fund mitigation and adaptation to climate change.” 

COP 18 is the latest in high-level, international meetings designed to continue progress on a comprehensive agreement to address global climate change. (COP stands for Conference of the Parties to the UN Framework Convention...