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"IMF suggests how to raise climate change funds


I can't seem to reconcile how collecting global funds will diminish climate change which has been and always will be cyclical.



"IMF suggests how to raise climate change funds

By TOM MALITI, Associated Press Writer Tom Maliti, Associated Press Writer – Mon Mar 8, 3:43 pm ET

"....... Strauss-Kahn proposed that countries adopt a quota system similar to the one the Fund uses to raise its own money, which could bring in money faster than proposals to increase carbon taxes or other fundraising methods. He only provided a broad outline of the plan, as the organization will release a paper within 10 days with full details. It is unclear how the proposal will be received.

The IMF raises funds from its 185 members mainly through a quota system that is based broadly on each country's economic size. The United States is currently the largest shareholder.  ......."


Entry #1,681


time*treatComment by time*treat - March 10, 2010, 7:39 pm
You don't have to reconcile it, you just have to remit it. They're professionals ma'am. They'll handle the rest. :-/
konaneComment by konane - March 10, 2010, 7:57 pm
Thanks Time*treat! Kinda like hurling money toward a black hole in space.

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