Monday, May 14, 2018

UN climate talks stalled as developing countries demand long-promised $100 billion aid from richer nations

Two weeks of climate talks organized by the United Nations finished with developing countries demanding more clarity from their richer counterparts on when a promised package of $100 billion in aid will materialize. Envoys from almost 200 nations are leaving Bonn, Germany, on Thursday without producing a draft negotiating text for ministers to discuss at the end of the year. Instead, they planned another round of negotiations in Bangkok before their annual conference in Poland in December. The holdup threatens to unravel three years of work to complete the Paris Agreement, a landmark deal reached in 2015 that set out an ambition to limit fossil-fuel pollution in all nations for the first time. Negotiators are working toward writing a rule book that will help bring the pact into force even as U.S. President Donald Trump vowed to withdraw from the Paris framework...MORE

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