Providing adequate amount of money to help developing countries to slow down climate change continues to be a stumbling block at the negotiating process in Bonn. There are two parts to the finance knot: The short-term or fast-track financing of $30 billion by 2012 and the long-term or mobilising of funds to the tune of $100 billion annually by 2020. At Bonn, developing countries have expressed scepticism about fast-track finance. Hope are also faint on the ability of the UN secretary general’s high-level advisory group on finance to deliver a solution to long-term finance for developing nations.

See the Economic Times story

No comments.