After the U.K.'s Labour Party took a beating in E.U. elections, Gordon Brown came under intense pressure to step down. A few weeks hence, Brown is not only still around, but he is also proposing a massive solution for climate change.

Brown's proposal would create an annual fund totaling about £60 billion (approximately $100 billion) to help the world's poorest countries transition to less carbon-intensive economies. The money would come from carbon permits, the prime minister said. Though it would be feasible to take some monies from developmental aid projects, Brown has said he doesn't want to do that as it would just be moving around money already set aside for the developing world.

From Greenpeace and other environmental groups, the plan was met with all the "this is a good first step, but not nearly enough" responses one would expect.

In response, Brown promised that Britain would play its part though convincing the rest of the developed world to jump on board will take some political maneuvering.

Brown will get his chance in December, when the world meets in Copenhagen for the U.N. climate summit and hopefully draws up a new plan to replace the Kyoto Protocol, set to expire in 2012.

The key question, as it always is when governments meet to talk climate, is how far measures will go. Not only would Brown's $100 billion figure be a daunting one for stingy governments to meet, but Oxfam International told the BBC it would take at least $150 billion per year to protect the developing world from global warming.

Like Obama, Brown talks the talk on global warming. He has called the Copenhagen meeting a historic moment that future generations will look back on. Unfortunately, this historic moment is likely to come amid a crippling recession when governments are already doling out billions to save banks and companies deemed that are too big to fail.

If there's anything to big to fail, it's the Earth, but we'll see how much money is around come Christmastime.