Squabble Over $100 Billion Aid Stalls Global Warming Deal – Bloomberg.
A dispute about how to link greenhouse-gas emissions cuts to a promise from the wealthiest nations for $100 billion a year in climate aid emerged as a major stumbling block at UN talks on global warming.
After a week of discussions that ended today in Bonn, envoys from some 190 nations were deadlocked about the formula countries will use to set out their commitments on reducing fossil-fuel pollution in time for the deal they plan to sign in Paris in 2015.
That means higher-level officials will have to deal with the issue when they meet in Peru in December. The exact way in which those pledges are put on the table is the cornerstone of the pact that the United Nations is promoting as a replacement for the Kyoto Protocol, whose limits on emissions in richer countries lapse in 2020. Delegates also failed to make progress on the actual draft text of a future climate treaty.
“The talks here can’t fairly be called negotiations,” Meena Raman, who tracks the UN negotiations for Malaysian nonprofit group Third World Network, said today in an e-mailed statement. “I can’t see how they’ll pull the elements together if they continue like this.”
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