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Financial deal is vital for any climate change agreement, poor countries say

BMJ 2010; 341 doi: http://dx.doi.org/10.1136/bmj.c6919 (Published 01 December 2010) Cite this as: BMJ 2010;341:c6919
  1. John Vidal
  1. 1Cancun

Finance will be the first key to unlock any future agreement on combating global climate change, it emerged on the first day of two weeks’ intense negotiations at Cancún, Mexico.

In the most optimistic atmosphere since the diplomatic debacle at Copenhagen last year, when expectations were high but only a weak political deal was achieved, the figure of $1.75bn (£1.1bn; €1.3bn) a year to be transferred from rich to poor countries by 2012 and increasing to $100bn a year by 2020 looked the most likely to be nailed down. The money will be used to adapt the economies of poor countries to the effects of climate change, but it is expected that it will be up to the countries themselves to decide how to spend it.

“Real money, not words, has to be put on the table,” …

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