Fiancial Clashes Impact UN Climate Change Talks
Poor countries want cash infusion from rich countries
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.