"Fight Over $100 Billion Aid Stalls Global Warming Deal"

"A dispute about how to link greenhouse-gas emissions cuts to a promise from the wealthiest nations for $100 billion a year in climate aid emerged as a major stumbling block at UN talks on global warming.

After a week of discussions in Bonn, envoys from some 190 nations deadlocked about the formula countries will use in setting out their commitments on reducing fossil-fuel pollution in time for the deal they plan to sign in Paris in 2015.

That means higher-level officials will have to deal with the issue when they meet in Peru in December. The exact way in which those pledges are put on the table is the cornerstone of the pact that the United Nations is promoting as a replacement for the Kyoto Protocol, whose limits on emissions in richer countries lapse in 2020."

Stefan Nicola reports for Bloomberg Businessweek October 24, 2014.

SEE ALSO:

"Gear Shift Needed To Meet Climate Pact Deadline: Observers" (AFP)

"Rifts Remain at UN Talks on Climate Pact" (Sydney Morning Herald)

"Inconclusive Bonn Climate Talks Leave a Heavy Lima Workload" (RTCC)