United Nations climate delegates are likely to leave Lima, Peru this weekend without having made any real progress toward a treaty to reduce global warming.By the end of the 10-day conference, diplomats were once again divided over questions of how much money rich countries should give poor countries in aid to reduce carbon dioxide emissions and adapt to global temperature rises.So far, rich nations have only pledged $10 billion to the UN’s Green Climate Fund. This is below the $15 billion goal set by the UN and well below the $100 billion per year promise made by rich countries, including the U.S., in 2009.“We are disappointed,” Prakash Javadekar a UN delegate from India, told The Guardian. “It is ridiculous. It is ridiculously low.”“We are upset that 2011, 2012, 2013 – three consecutive years – the developed world provided $10bn each year for climate action support to the developing world, but now they have reduced it. Now they are saying $10bn is for four years, so it is $2.5bn,” Javadekar said.Poor, developing countries led by China want rich, developed nations to pay for costly climate programs that poor nations will have to implement in an effort to meet the internationally agreed upon goal of limiting warming to 2 degrees Celsius by 2100.
Our wallets are safe - at least from this particular scheme - for a while longer.
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