The issue of how those funds are made available to developing nations has emerged as a key sticking point at the Bangkok conference which has made little headway since it opened on Tuesday. The US position is starkly at odds with that of the developing nations, which insist that transparent and predictable finance is needed to effectively plan investment in new technologies and carbon reduction. A senior climate negotiator told AFP that the US delegation in Bangkok was "poisoning" discussions aimed at creating a clear roadmap to implementing what nations agreed in the Paris deal. He also accused other developed nations negotiating blocs, including the European Union, of "standing on the sidewalk" by failing to stand up for developing countries. Talks in Bangkok aim to narrow down options to present to ministers and heads of state at the COP 24 climate summit in Poland in December.

Source: The Nation Bangkok September 08, 2018 07:24 UTC