POOR NATIONS PIN HOPE ON UN CLIMATE TALKS

POOR NATIONS PIN HOPE ON UN CLIMATE தலக்:

About 170 nations will meet in Germany next week to work on a new United Nations climate treaty,with hopes for progressssss pinned on ways to raise billions of dollars which would help poor nations cope with global warming.

The june 1-12 talks between the senior officals in Bonn,will be the first to review formal draft texts about a sweeping UN deal due to be agreed in Copenhagen in December to invove all countries in fightining global warming.

Over 120 pages of draft texts indicate deadlock between rich and poor nations on a core dispute – over how to share out curbs on greenhouse gases,released mainly by use of fossil fuels.

To avoid that standoff finance could be an area to build confidence.

“One thing that can usefully done is finance – working out how funds can be mobilised for developing nations woulkd be a huge positive influence on the negotations.” Yvo de Boer, head of UN climate change secretariat,said.

“If there’s no movement on emmissions then maybe an agreement can be made on finance,”he added.

The Bonn metting is the second of six UN climate talks due this year,including Copenhagen. Developing nations such as China and India say the rich have stocked warming since the Industrial Reolution and should do far more to cut emmissions by 2020.

Hit by recession,developed nations are wary of promising deeper cuts.

Seventeen major emitters said they made progress in Paris this week on how to find cash to help the poor reinin emmissions and adapt to climate change,based on a Mexican proposal for a Green Fund that would raise atleast $10 billion this year.

The Mexican plan foresees raising cash from all nations based on factors such as historic and present emissions and gross domestic product. That would make United States and Europe the top contributors.

Cash would got to projects including wind or solar power or to protecting forests as part of global deal,meant to prevent ever more heatwaves,floods,disease,species extinctions and rising sea levels.