"Lima Climate Talks Split on Role of Adaptation, Finance in New Deal"

"LIMA -- Negotiators at U.N. climate talks in Lima are divided over whether governments should include finance and adaptation commitments in the national offers of action they are due to put forward early next year as the building blocks of a new global climate change deal.

Some developing countries, including the poorest ones, want adaptation efforts to be part of their contributions, arguing it will help determine their needs for funding and technical aid.

The cost of adapting to climate change in developing nations is likely to be at least two to three times higher than previous estimates of $70-100 billion a year by 2050, even with ambitious cuts in planet-warming emissions, according to a new report from the United Nations Environment Program."

Megan Rowling reports for Thomson Reuters Foundation December 8, 2014.

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Source: Thomson Reuters, 12/08/2014