Funding, further emissions cuts by rich nations key to future climate talks

08:29, June 12, 2010      

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When negotiators from 185 countries end their two-week climate talks in Bonn Friday, analysts say a likely breakthrough on rich nations' financial support to the poor will be a good start in restoring mutual trust between the wealthy and the impoverished.

As a major outcome of the Copenhagen Accord, rich nations pledged 30 billion U.S. dollars in aid from 2010-2012, with a vaguer promise of mustering 100 billion U.S. dollars a year by the end of the decade. The funds will be used to help the poor fight against climate change. Many poor nations, however, doubted the promised money would materialize.

"If the rich nations meet their promise and put the money in position by time, it will serve as a cornerstone to rebuild trust. Otherwise, the gap will be further widened," said Li Yan, senior climate and energy campaigner with the NGO Greenpeace.

"Some small and poor countries would not have signed the Copenhagen Accord without such a promise from the rich," she said.

Li, who has been following global climate talks for years, warned that "the trust gap between the developed countries and developing countries is keeping the climate negotiations from moving forward."

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