Turn to the nation's most objective and informative daily environmental news resource to learn how the United States and key players around the world are responding to the environmental...
By Eric J. Lyman
Dec. 4 — Talks on finance took center stage Dec. 4 at the Lima climate change conference, with debate heating up over the language that should be used to refer to financial obligations in the text of next year's international agreement to address global warming.
The head of China’s delegation classified the amounts of money being discussed to help poor countries adapt to climate change as “inadequate,” again highlighting ongoing tension between developed and developing countries over financial obligations to mitigate and respond to environmental changes.
The UN Framework Convention on Climate Change, organizers of the conference, have said finance issues are one major area where they expect significant progress in the talks, which run through Dec. 12.
But in discussions Dec. 4, the U.S. led a group of developed countries opposed to classifying countries as either industrialized or unindustrialized for purposes of helping to determine financial obligations. And Switzerland said the agreement should include no financial obligations at all for wealthy countries that extended beyond 2020.
China delegation head Su Wei raised eyebrows by criticizing emissions-reduction efforts from rich countries before 2020. He also said that efforts to provide funds for poor countries to adapt to the impacts of climate change were too modest. Rich nations have pledged nearly $10 billion to the Green Climate Fund for use in 2015, but also have set a goal of being able to provide $100 billion in 2020.
“The gap between current efforts and the  target are too large,” Su said in a briefing.
In his remarks, Su reiterated an earlier promise that China’s emissions would peak “around 2030.” The promise was first made a month ago at the Group of 20 summit after a bilateral discussion on the topic between China and the U.S., the world’s two leading emitters of greenhouse gas.
Twelve days of talks in Lima are supposed to end with significant progress toward a climate deal, which would be finalized in Paris late in 2015.
Delegates representing poor countries Dec. 4 pushed strongly for negotiations to turn to discussing specific parts of draft text of that agreement, criticizing the co-chairs of the Durban Platform for Enhanced Action—the negotiating track for the draft text—for delaying the formal start of discussions on the actual language.
But those co-chairs, Artur Runge-Metzger and Kishan Kumarsingh, said they would release what they call “non-paper” or “elements text” Dec. 5, highlighting talks so far as a way to spark more debate and reach some points of convergence.
“It’s essential the non-paper include the key elements so that discussion can start in earnest in order to achieve a result that is based on science and is adequate and fair,” Mohamed Adow, a veteran climate activist with Christian Aid, said in an interview.
To contact the reporter on this story: Eric J. Lyman in Lima at email@example.com
To contact the editor responsible for this story: Greg Henderson at firstname.lastname@example.org
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)