http://ap.google.com/article/ALeqM5i24L5ar43z2rAHCAxJ4pik3NGcugD9123GS81

More than 2,000 delegates from 162 nations are meeting to discuss a climate change pact to succeed the Kyoto Protocol. The U.S., India, and China are among the states that will take part in what is called the Bonn talks. Delegates will meet to discuss finance strategies, and states responsibilities to minimize the impact of climate change.

The critical issue will be financial engineering," said Yvo de Boer, the United Nations' top climate official.

De Boer told The Associated Press on Sunday that by 2030 the world will need to spend $200 billion to $300 billion a year to contain global warming and help developing nations adapt to their changing conditions — such as less rainfall, harsher storms, and the extinction or migration of species.

Tax on shipping, aviation, and an auction on pollution rights are the finance ideas leading the talks.

Associated Press: Arthur Max; June 2, 2008

Submitted by M. Lamarre