With the recent convention for climate change in Poland there has been much talk about possible solutions. One step towards sustainability that is being worked on is a fund for developing countries to build clean carbon economies that will not pollute in an exponential fashion. However, the allocation and regulation of the funds has been disputed. The debate is whether to have the World Bank provide a substantial amount of the fund in form of loan or to have UNFCCC manage fund.
I have been investigating a negotiation like this for many weeks. The fund is a great way to have developing states accountable for emissions but allow for development in a clean way that is funded by the developed states that have historically polluted. Therefore, I would have to agree with article and say that best course for action is to give the money over to the UNFCCC this convention will be able to allocate the funds without being in loan form. Also, this is a noted convention that has dealt with the developed and developing states before and will be best equipped to allocate money appropriately.
What has been the US position on this? How does it fit with the view we have seen that US leadership on global environmental issues has flagged?