U.N. 'Climate Change' Plan Would Likely Shift Trillions to Form New World Economy

A United Nations document on "climate change" that will be distributed to a major environmental conclave next week envisions a huge reordering of the world economy, likely involving trillions of dollars in wealth transfer, millions of job losses and gains, new taxes, industrial relocations, new tariffs and subsidies, and complicated payments for greenhouse gas abatement schemes and carbon taxes — all under the supervision of the world body.

Those and other results are blandly discussed in a discretely worded United Nations "information note" on potential consequences of the measures that industrialized countries will likely have to take to implement the Copenhagen Accord, the successor to the Kyoto Treaty, after it is negotiated and signed by December 2009. The Obama administration has said it supports the treaty process if, in the words of a U.S. State Department spokesman, it can come up with an "effective framework" for dealing with global warming.Read More

G20 must act on economy - Brown .

UK Prime Minister Gordon Brown has urged world leaders at next week's G20 summit to "take action" to reform the global banking system.

The London summit must ensure "strong growth and recovery, and particularly jobs in the world economy", he said.

He added that there must be help for the poorest countries, saying that the global downturn had pushed 100 million people into poverty.

Mr Brown was in the US, as part of a three-continent tour ahead of the G20.

Following talks with UN secretary general Ban Ki-moon in New York, Mr Brown said that at the G20 summit in London "doing nothing is no longer an option".

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