UN climate-change deal gives second life to Kyoto Protocol

Business Day Live 10 December 2012.

WHETHER it was tears of frustration from a negotiator for an alliance of 43 small island states that spilled on the last night of this year’s United Nations climate-change talks, or Poland and Russia’s arm-folding when delegates had already gathered in the final plenary session, a day later than scheduled, there it was: the money.

The deal — gavelled through well past the eleventh hour by talks president Abdullah bin Hamid Al-Attiyah despite objections — has for the first time agreed that developed nations should foot the bill for losses and damage developing nations experience due to the negative effects of climate change. The logistics of this, however, will be determined in future talks…

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