"U.N. Climate Talks Seek Limited Deal As Costs Soar"

"Almost 200 nations meet in Mexico this month to try to agree a "green fund" for poor countries and other steps toward an elusive climate treaty amid warnings that inaction is driving up the costs of tackling global warming.

But U.S. President Barack Obama will be unable to legislate planned cuts in emissions announced in late 2009, after the Republicans won control of the House of Representatives in mid-term elections earlier this month.

After failure to agree a treaty at last year's summit in Copenhagen, ambitions for 2010 have been lowered to a modest package that includes a fund to manage aid to poor nations, new ways to share clean technology and to protect tropical forests."

Alister Doyle reports for Reuters November 17, 2010.

SEE ALSO:

"Large Investors Urge Progress At Climate Talks" (Reuters)

"Cancun Climate Talks only a 'Staging Post': British PM" (AFP)

Source: Reuters, 11/17/2010