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.
Envoys inched toward a deal at United Nations global-warming talks in Doha after working through the night to settle differences on climate aid and fossil-fuel emissions, paving the way to a new treaty by 2015.
President Barack Obama’s envoy at United Nations global-warming negotiations said he’s willing to participate in discussions on the issue of fairness in how nations plan to curb climate change, paving the way for drafting a new treaty by 2015.
As leaders in Washington obsess about the fiscal cliff, President Barack Obama is putting in place the building blocks for a climate treaty requiring the first fossil- fuel emissions cuts from both the U.S. and China.
The U.S., Saudi Arabia and Venezuela joined to raise concerns about the United Nations Green Climate Fund, delaying work on the mechanism aimed at delivering as much as $100 billion a year in aid to developing nations.
The push to extend legal restrictions on carbon emissions is deadlocked, threatening the United Nations climate program based around the Kyoto Protocol, said the head of the U.S. delegation at talks in Germany.