Government leaders, bankers and corporate CEOs took advantage of the gathering of 50,000 people at Rio+20 — the largest meeting in U.N. history — to announce new partnerships, programs and investments.
U.N. Secretary-General Ban Ki-moon called the $513 billion in commitments “a significant legacy of this conference — billions of dollars’ worth of actions and investments that will have the power to transform lives across the globe.”
To some of those present, the conference presented a new model, a global gathering to inspire government and corporate leaders and others to move ahead and build momentum — rather than waiting for world leaders to reach consensus on a treaty to address climate change or other environmental matters.
“We cannot be boxed in by the orthodoxies of the past,” Secretary of State Hillary Rodham Clinton said in a speech to delegates of more than 190 nations. “We need fresh, agile, action-oriented partnerships that can produce results year after year after year.”
More on this story – U.N. sustainability summit ends with $513 billion in pledges
North Korea’s offer to suspend uranium enrichment and allow international inspectors into the country breaks an impasse over its nuclear program…
The announcement marks the first agreement between the United States and North Korea since February 2007, when Pyongyang agreed to begin disabling its nuclear complex in return for $400 million worth of fuel oil and aid. The deal fell apart the following year, and North Korea, complaining the United States had not followed through on promises, resumed processing plutonium.
U.S. Secretary of State Hillary Rodham Clinton described the agreement as “important but limited.” She said Washington “still has profound concerns” about Pyongyang’s pursuit of nuclear weapons and will watch to see if the regime adheres to its promises.
Former U.S. officials describe the agreement as worthwhile because it promises to interrupt North Korea’s nuclear program, if only temporarily. It also provides a test of the new regime’s intentions and trustworthiness.
The U.S. Agency for International Development tentatively plans to deliver about 20,000 metric tons of food a month over the next year, officials said. The food is appropriate for infants, small children and pregnant women. (The deal) also includes an increase in cultural, educational and sports exchanges.
via LA Times
For more history on North Korea, including two nuclear bomb detonations in 2006 and 2009, read about Korean Unification.