A stumbling block at COP 23 – Finance

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The cost of mitigating climate change is estimated at 200-350 billion Euros (236-413 Billion USD) per year by 2030. It is a manageable sum in terms of a global burden, only 1% of global GDP. In terms of who pays and how much to pay, however, it becomes a disputed figure. For example, developed countries agreed…
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Behind the scenes of the US-China negotiations

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Rolling Stone recently published this intriguing backstory of the US-China climate change announcement made just two weeks before COP20 kicked off in Lima, Peru.  The bilateral conversation started last February with a phone call from U.S. Special Envoy on Climate Change Todd Stern to his Chinese counterpart, followed up by a private letter to President Xi…
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Nations Commit $9.3 Billion Towards Climate Action: Is it enough?

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Yesterday international leaders pledged $9.3 billion towards the United Nations (UN) Green Climate Fund (Fund) at the first Pledging Conference in Berlin, Germany. Formally established in Cancun in 2010, the Fund aims to help developing countries mitigate and adapt to climate change. In this way, the capital would help those countries least to blame for, but…
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