G20 finance ministers fail to reach green on climate financing
St Andrews, Scotland – Finance ministers of the world’s dominant economies failed to reach agreement on the financing required for a global agreement to stave off catastrophic climate change, WWF said today as the G20 finance ministers meeting here broke up with no resolution to issues dividing developed and emerging economies.
The lack of progress made by the G20 in St. Andrews, follows another week of inconclusive negotiations in UN climate talks in Barcelona as the world heads towards the crucial UN climate conference in Copenhagen in a month’s time.
With the G20 now having considered the climate financing issue three times without reaching common ground, WWF remains sceptical about today’s promise to make further progress before Copenhagen.
http://www.panda.org/wwf_news/news/?uNewsID=179961
