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President Mohamed Nasheed of the Maldives, for example, has said he may need money to move his entire population if his low-lying Indian Ocean island nation is submerged as a result of seas rising from global warming. In October, to dramatize the problem, Nasheed held a cabinet meeting under water in a lagoon at which the participants wore scuba gear and communicated by hand signals. Nasheed hasn't put a price tag on an exodus and says it's only a worst-case scenario. His government, meanwhile, is hoping to go "carbon-neutral," proposing a $200 million wind project north of its capital to supply 40 percent of its electricity, and a $10 million solar-panel project. In Sri Lanka, which grows tea, rice and rubber, officials say money is needed for studies to determine which crops would respond well to higher temperatures, and to adopt proper farming techniques. That kind of "capacity building" -- surveying, planning, training
-- would be a key component of a $10-billion-a-year financing package that U.N. climate chief Yvo de Boer has suggested for Copenhagen, as a three-year "prompt start." European leaders have generally endorsed that plan. Beyond that, the European Commission last month proposed Europe contribute between 2 billion and 15 billion euros ($3 billion and $22.5 billion) a year starting in 2020 to help developing countries combat global warming. The U.S. says it too will help developing nations on climate. It hasn't set out a figure for the Copenhagen talks, but legislation appropriating some $1.2 billion in climate-related aid is making its way through the U.S. Congress. South African Kumi Naidoo, new head of the international group Greenpeace, said rich governments' bailouts of banks and finance companies in the past year, to stave off a global depression, show that money can be raised if there is political will. Greenpeace says a walkout by developing nations is possible at Copenhagen if rich ones don't meet demands to both cut their greenhouse emissions and aid poor nations. "The question of resources is fundamental," Naidoo told The Associated Press. "I know we will not have a deal at Copenhagen if rich countries do not put at least a $100 billion a year on the table."
[Associated
Press;
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