PLEA Network

22 October 2015, BBC News, Bonn climate talks: Questions over cash dominate. Negotiators meeting in Germany say that questions over cash are the biggest barrier to a new global climate deal. The Bonn talks are the last chance for delegates to clarify their positions before the Paris conference that aims to seal a new binding treaty. Developing country delegates said clear guarantees on finance must be a core part of that compact. Officials said that finance was likely to be the very last issue to be resolved before a deal is struck. Money has always been at the root of difficulties in solving the climate issue. Developing countries point out that while they had done least to create the problems associated with more carbon in the atmosphere, they were the ones already feeling the greater impacts of a warming world. Howls of protest They have long sought significant flows of finance to help them curb their emissions and to cope with the storms and droughts expected to be more common in a changing climate. In Copenhagen in 2009, as countries tried to put together a comprehensive agreement, the richer nations promised to provide $100bn a year in climate finance from 2020. That deal ultimately failed, but countries are hoping to conclude a more ambitious agreement in Paris in December. Read More here