Developing nations will push next year for a radical U.N. mechanism to compensate them for the impact of climate change, such as droughts or rising sea levels, despite reluctance among wealthy states which would have to foot the bill.
A meeting of almost 200 countries in Qatar in the past week agreed steps towards addressing losses and damage from global warming in what some analysts called a big shift for the United Nations-led talks.
Developed nations fear such a system could be hugely costly for Western governments, most of which are struggling now to cut huge budget deficits. The United States insists any money would have to come from $100 billion in aid already promised from 2020 to help poor countries cope with global warming, delegates said.
Helen Clark, head of the U.N. Development Programme, warned developing nations against expecting too much of “pretty stressed Western economies”.
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