Two weeks of climate talks organized by the United Nations finished with developing countries demanding more clarity from their richer counterparts on when a promised package of $100 billion in aid will materialize. Developing nations are being asked for more transparency on the emissions they produce — and to open up to some sort of process for verifying that information. Richer countries see the rules as essential to making credible the pollution cuts that the Paris deal promises. Developing nations say that a rebound in the cost of carbon emissions in Europe is creating pools of new cash that might come their way. Richer nations traditionally have used finance for leverage to get concessions they want on transparency from developing nations.

Source: National Post May 11, 2018 15:11 UTC