NBC News reports:
Rich and poor were deadlocked Wednesday over how to raise aid to help developing countries cope with the damaging effects of global warming, in a setback at United Nations climate talks in Warsaw seeking progress toward a 2015 accord.
Bolivia and other developing countries accused the rich of failing to show willingness to discuss aid or compensation for losses and harm due to global warming, such as rising sea levels or creeping desertification.
The two-week Warsaw talks, due to end Friday, are trying to lay the foundations for a new global climate accord meant to be agreed on in 2015 and take effect in 2020.
“I think we will find a resolution, but we are still some distance apart,” U.S. climate envoy Todd Stern said of calls by emerging nations for a mechanism to cover loss and damage.
The rich fear it would be costly and make them legally liable for droughts, heatwaves and storms.
For many poorer countries, the devastation caused by Typhoon Haiyan in the Philippines earlier this month has raised the urgency of compensation.
Global economic losses caused by extreme weather have risen to nearly $200 billion a year over the last decade and look set to increase further as climate change worsens, the World Bank said this week.
“The compensation that those countries require is something that is absolutely fundamental and crucial,” said India’s environment minister, Jayanthi Natarajan.
But many richer countries are reluctant to foot the bill and are focused on spurring growth in their stagnant economies.
“We cannot have a system where there will be automatic compensation whenever severe weather events are happening at one place or other around the planet,” the European Union’s climate commissioner, Connie Hedegaard, said.
Memo to the EU: You reap the climate-alarmism you sow. The rest here.