Soros offers climate plan, but who are the ‘developing nations’?
Friday, December 11, 2009 at 10:36AM 
Tropical Storm Katrina is shown here as observed by NASA's QuikScat satellite on August 25, 2005, at 08:37 UTC (4:37 a.m. in Florida). At this time, the storm had 80 kilometers per hour (50 miles per hour; 43 knots) sustained winds. The storm did not appear to yet have reached hurricane strength. [Image courtesy of NASA/JPL/QuikScat Science Team.]Big money man George Soros has come up with a climate plan. Al Jazeera (English) reported on Soros’ idea after the billionaire—maybe ‘kazillionaire’ would be more appropriate—said the $10 billion a year pledged by rich nations “to help the poor adapt to climate change” is not sufficient. Soros wants to up that $10 billion tenfold.
Al Jazeera said, “Soros suggested shifting some International Monetary Fund resources from providing liquidity to stressed global financial systems to a new mission of financing projects in developing countries for clean energy and adapting to climate change…About $100bn in a one-time infusion could be generated…”
The term ‘developing nations’ is ubiquitous these days. But exactly who determines what a developing nation is and what nations are classified under that term?
