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The world’s richest and poorest countries are divided over whether to create a new fund to help vulnerable nations such as Bangladesh, Kenya and the Philippines cope with loss and damage caused by climate changes.
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Islands that are most vulnerable to rising oceans are seeking an insurance program to protect against damage related to climate change, adding to pressure on industrial nations to increase aid committed to fight global warming to more than $100 billion a year.
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International efforts to curb global warming are moving so slowly that that delegates from both rich nations and poorer ones are expressing frustration with the process.
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Envoys at United Nations global warming talks are working on streamlining their negotiation process for the first time in at least six years, a step toward drafting a treaty by 2015 mandating more greenhouse-gas limits.
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The European Commission’s lead climate negotiator at United Nations treaty talks in Doha said it’s likely to take at least a year for the Green Climate Fund to become operational.
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A bloc of 42 island nations said the European Union is backtracking on agreements made at the last round of United Nations climate talks in Durban, South Africa, threatening the environmental integrity of an eventual treaty.
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Global warming concerns are being pushed down the political agenda by the European debt crisis and U.S. economic slump, reducing the chance for an accord limiting climate change this week.
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The Maldives, Kiribati and Tuvalu risk extinction from rising seas because nations aren’t stepping up commitments to cut greenhouse gases, a bloc of 43 island countries said as United Nations climate talks began in Mexico.
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United Nations envoys are closing in on setting up a climate aid fund that will channel aid to developing nations while lacking any pledges for where the money will come from.
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The U.S. is concerned that envoys at United Nations climate talks are “backtracking” on an agreement made in 2009 in Copenhagen, the country’s lead negotiator at the talks said.
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