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Brown devised the idea that industrialised countries set up a $100bn climate fund for developing countries, a plan now enshrined in the Copenhagen deal.
The revamped program would also include a $400 million trust fund for developing low- and moderately priced housing, especially in the city's 15 poorest neighborhoods, including Soundview in the Bronx and parts of Bushwick in Brooklyn.
The move, which was expected, follows Germany increasing its funding for developing countries by $50m and other rich countries last week providing $250m for a climate fund for developing countries.
Our small nonprofit, the Opportunity Fund for Developing Countries, offers scholarships to African boys and girls who agree to keep up their grades, stay out of trouble and refrain from pregnancy.
It would also create a $300 billion clean-energy fund for developing countries through a tax on international currency transactions, while calling on industry to get in line with a progressive fossil-fuel efficiency standard, forcing greenhouse-gas emitters to immediately work on conservation.
In the last 18 months, Obama has used his executive authority to introduce the first rules cutting carbon pollution from power plants, a joint US-Chinese emissions cutting deal, a pledge of $3bn to an international climate fund for developing countries and – just last week – new curbs on methane emissions from the oil and gas industry.
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With remittances being now recognized as one of the main sources of external funding for developing countries, most of the analyses investigating the relationship between migration and development have focused on the financial returns of migration for origin countries.
Then that may provide a model and funding for developing further sectors.
Significant funding for developing countries also needs to be on the table.
Those subsidies are simply government funding for developing technology that voters want.
What is left of government funding for developing affordable homes is dependent on housing associations charging higher rents to tenants.
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