Create a free Manufacturing.net account to continue

Poor nations dismayed by looming climate aid gap

OSLO/LONDON (Reuters) - Rich nations are dismaying developing countries with pledges merely to continue aid to help them combat climate change in 2013 despite past promises of a tenfold surge to $100 billion a year by 2020.

OSLO/LONDON (Reuters) - Rich nations are dismaying developing countries with pledges merely to continue aid to help them combat climate change in 2013 despite past promises of a tenfold surge to $100 billion a year by 2020.

"There should be a transparent process to scale up finance" towards 2020, said Seyni Nafo of Mali, spokesman for the 54-nation African group at U.N. negotiations. The poor needed more than "an indication that funding will not fall off a cliff".

SOURCE