The US is putting a 100 billion on climate change initiatives for poor nations. China doubts this will help, but thinks the attempt is adorable. From The Washington Post:
The United States on Thursday announced it would help build a $100 billion annual fund by 2020 to help poor countries cope with climate change, but said its commitment depended on whether the nations gathered here could reach a substantive pact that includes "transparency" on tracking emissions cuts.
Seeking to unblock an impasse in climate talks, Secretary of State Hillary Rodham Clinton said the United States would only commit to building the fund if nations gathered here for global climate talks produce an international accord that includes emission reduction commitments from both developed and major developing countries; financial and technological assistance for poor countries; and a way to independently verify the cuts all nations made.
"We're running out of time," Clinton said at a news conference. "Without the accord, the opportunity to mobilize significant resources to assist developing countries with mitigation and adaptation will be lost."
For more on Copenhagen, Check out Dayo Olopade's 'The Prez in Denmark'