UK's proposed global "green fund" [an awful hackneyed outdated name] which has some nice objectives but insufficient substance has failed to interest G7 partners to part with cash. Another case of the UK's thinking on climate issues lagging too far beyond its clever financial brains? An echo of Gates' call for "creative capitalism" to unleash the benefits of a mature financial knowledge economy to help with tricky environmental and social issues? Darling isnt a salesman, in the way Brown & Blair were ... he doesnt have the charisma ... he needs to focus on one prospective lover at a time, not blanketing all prospects with cheap Valentine's cards ... At least he should have tried roses from Kenya !Setback for Darling's 'green fund' initiative from The Independent
Alistair Darling's efforts to establish an environmental consensus have echoed those of Gordon Brown in Davos.
The Chancellor, Alistair Darling, has failed, so far, in his attempt to persuade all of the G7 group of leading economies to create, in collaboration with the World Bank, a "green fund" for emerging and developing nations to draw upon as their economies advance.
The idea, also backed by the US government and Japan, would, for example, help pay for sustainable energy supplies rather than the use of fossil fuels for power generation. The com-munique of the G7 summit of finance ministers in Tokyo stated merely that they group had "discussed" the idea, and there was no immediate move on the part of France, Germany, Italy or Canada to sign up.
Nonetheless, Mr Darling said he was expecting a "substantial amount" of funding for the scheme, though he was not prepared to be more precise at this stage.
Alistair Darling's efforts to establish an environmental consensus have echoed those of Gordon Brown in Davos.
The Chancellor, Alistair Darling, has failed, so far, in his attempt to persuade all of the G7 group of leading economies to create, in collaboration with the World Bank, a "green fund" for emerging and developing nations to draw upon as their economies advance.
The idea, also backed by the US government and Japan, would, for example, help pay for sustainable energy supplies rather than the use of fossil fuels for power generation. The com-munique of the G7 summit of finance ministers in Tokyo stated merely that they group had "discussed" the idea, and there was no immediate move on the part of France, Germany, Italy or Canada to sign up.
Nonetheless, Mr Darling said he was expecting a "substantial amount" of funding for the scheme, though he was not prepared to be more precise at this stage.
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