Lack of promised cash ‘eroding trust’ at climate talks

Business Day Live 27 November 2012.

DOHA — The lack of cash to come out of pledges developed countries made to the developing world, to help it pay for development that would take climate change into account, was eroding trust at the start of this year’s climate change talks, the Climate Action Network said on Monday night.

Almost 200 countries have gathered in Doha, Qatar, for talks that could make or break the 1997 Kyoto Protocol, the only global agreement ever reached on reducing greenhouse gas emissions. Its first commitment period expires at midnight on December 31 and agreement on a second commitment period has not yet been reached…

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