Fight over finance: where's the money? ask developing countries
By: Arnab Pratim Date: Dec 3, 2012
Developed countries shy away from promising more money to developing nations from next year till 2020 for mitigation and adaptation measures
Climate finance will be on the top of the minds of negotiators as the UN conference on climate change at Doha enters the second week on December 3. In the first seven days of the conference, the developed countries shied away from promising more money from next year until 2020 to developing countries to undertake mitigation and adaptation measures. The US $30 billion fast-start funding which started in 2010 ends this year and the next batch of funding, which is still under deliberation, begins only in 2020.
Wednesday, December 5, 2012
Xie Zhenhua, head of the Chinese delegation at CoP18, Doha said today that finance is at the core of the issue -- without finance, adaptation and mitigation activities in developing nations cannot happen. There is a good news — discussions with ministers of developed nations are leading to an assurance that new finance could be announced during Doha. Mr Zhenhua refused to take names, as he believes the owner of the good news should be the one to announce it.
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