Climate finance debate heats up in Warsaw

Some emerging economies are reluctant to put forward emission reduction pledges until they are sure money will flow into the Green Climate Fund

Acrimony over finance threatens to undermine UN climate talks in Warsaw, with some emerging economies signalling their reluctance to put forward emission reduction pledges until they are sure money will flow into the empty Green Climate Fund (GCF).

At closed-door discussions that ended on Thursday morning, diplomats tried to make progress on thorny issues including the pathway to the $100bn pledge made by industrialised nations.

Developing countries would like to see interim targets, even indicative ones, showing how annual contributions will be scaled up between now and 2020, when a total of $100bn is supposed to be spent on climate mitigation and adaptation annually. But this approach is not at all popular among industrialised nations.

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