"Climate Change Funding Talks Stall at G20"

"LONDON -- Differences between rich and developing countries prevented G20 finance ministers from agreeing measures on Saturday to curb global warming, casting more doubt on U.N. efforts to agree a new climate treaty.

Industrialized nations sought progress on climate change financing at a meeting of G20 finance ministers but met resistance from emerging nations including China and India, who fear the proposals could stifle their economic growth, two G20 sources said.

Ministers said in their concluding statement that they would work toward a successful outcome at a United Nations meeting in Copenhagen in December which aims to draft a new climate change treaty to succeed the Kyoto agreement."

Tom Bergin reports for Reuters September 7, 2009.

See Also:

"EU Proposes U.N. War Chest For Climate Funds" (Reuters)

Source: Reuters, 09/08/2009