France is pushing for a political agreement at the climate conference in Copenhagen to include a tax on financial transactions to assist the developing world, French Foreign Minister Bernard Kouchner said on Monday.
Kouchner said a very small tax — 0.005 percent on financial transactions — would help developing countries fight poverty, promote education and health and meet the costs of combatting climate change.
Such a tax on all financial movements would be “impossible to feel,” he said, explaining that it produces just US$0.05 “on a movement of a thousand dollars, a thousand euros.”
Kouchner told reporters after meeting UN Secretary-General Ban Ki-moon that France has been working on the tax idea for a year and hosted a conference in Paris in October with 59 countries as well as financial and economic experts to put together a proposal.
He conceded there is some opposition, even in liberal countries, but he predicted “all the people of the world will accept this kind of contribution.”
“It will be done, believe me, it will be done. I don’t know when. But I know that we [have] to rebalance the responsibility and the sufferings in this world,” Kouchner said.
“If it comes through this conference it will be a big, big, big, big benefit,” he said.
The secretary-general expressed hope that the French proposal “will be discussed in Copenhagen as a way to generate financial support in addition to public fundings to be provided by the governments.”
Kouchner said France is also pressing for the creation of a World Environment Organization with a mandate to monitor and verify the commitments made in Copenhagen on reducing carbon emissions.
CONFRONTATION: The water cannon attack was the second this month on the Philippine supply boat ‘Unaizah May 4,’ after an incident on March 5 The China Coast Guard yesterday morning blocked a Philippine supply vessel and damaged it with water cannons near a reef off the Southeast Asian country, the Philippines said. The Philippine military released video of what it said was a nearly hour-long attack off the Second Thomas Shoal (Renai Shoal, 仁愛暗沙) in the contested South China Sea, where Chinese ships have unleashed water cannons and collided with Philippine vessels in similar standoffs in the past few months. The China Coast Guard and other vessels “once again harassed, blocked, deployed water cannons, and executed dangerous maneuvers” against a routine rotation and resupply mission to
GLOBAL COMBAT AIR PROGRAM: The potential purchasers would be limited to the 15 nations with which Tokyo has signed defense partnership and equipment transfer deals Japan’s Cabinet yesterday approved a plan to sell future next-generation fighter jets that it is developing with the UK and Italy to other nations, in the latest move away from the country’s post-World War II pacifist principles. The contentious decision to allow international arms sales is expected to help secure Japan’s role in the joint fighter jet project, and is part of a move to build up the Japanese arms industry and bolster its role in global security. The Cabinet also endorsed a revision to Japan’s arms equipment and technology transfer guidelines to allow coproduced lethal weapons to be sold to nations
Thousands of devotees, some in a state of trance, gathered at a Buddhist temple on the outskirts of Bangkok renowned for sacred tattoos known as Sak Yant, paying their respects to a revered monk who mastered the practice and seeking purification. The gathering at Wat Bang Phra Buddhist temple is part of a Thai Wai Khru ritual in which devotees pay homage to Luang Phor Pern, the temple’s formal abbot, who died in 2002. He had a reputation for refining and popularizing the temple’s Sak Yant tattoo style. The idea that tattoos confer magical powers has existed in many parts of Asia
ON ALERT: A Russian cruise missile crossed into Polish airspace for about 40 seconds, the Polish military said, adding that it is constantly monitoring the war to protect its airspace Ukraine’s capital, Kyiv, and the western region of Lviv early yesterday came under a “massive” Russian air attack, officials said, while a Russian cruise missile breached Polish airspace, the Polish military said. Russia and Ukraine have been engaged in a series of deadly aerial attacks, with yesterday’s strikes coming a day after the Russian military said it had seized the Ukrainian village of Ivanivske, west of Bakhmut. A militant attack on a Moscow concert hall on Friday that killed at least 133 people also became a new flash point between the two archrivals. “Explosions in the capital. Air defense is working. Do not