United Nations

Fiancial Clashes Impact UN Climate Change Talks

Poor countries want cash infusion from rich countries

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The world's poorest nations on Wednesday called for significant financing to cope with the impacts of global warming, setting up a potential clash with rich countries that could slow progress on reaching a global climate pact by 2015.

Rich countries, including the United States, said at U.N. climate talks in Doha that they have fulfilled promises to provide more than $30 billion the past three years and remain committed to providing $100 billion a year by 2020. But developing nations want that financing increased gradually starting next year — a commitment the European Union, United States and Japan are not willing to make.