Climate fund talks in disarray as US refuses to sign deal

A A A

Emergency talks are continuing this morning in a bid to rescue a proposed climate fund which is central to securing meaningful resolutions from the UN's climate change conference in Durban.

There is still significant disagreement over how to run the Green Climate Fund, intended to channel billions of pounds to help poorer countries take on climate change, with the US and Saudi Arabia said to be standing in the way.

But climate campaigners said yesterday they were hopeful that a deal would be reached without formally reopening debate on the essentials of the Fund, which would delay agreement about how to implement it in practice. Such a hold-up would jeopardize the chances of securing international consensus on what to do when the main provisions of the Kyoto Treaty expire at the end of next year.

"Some of the poorer countries would be unlikely to sign up to any agreement to take over from the Kyoto Treaty without the promise in place to set up some sort of provision to help them grow at the same time as tackling their carbon output, such as the Fund. Because it is so important, people can use it as a football," said a source at the conference in South Africa.

In a bid to avoid potentially disastrous delays caused by reopening official negotiations on the Fund, the summit's president – South Africa's international relations minister Maite Nkoana-Mashabane – is holding a series of informal meetings between the parties. Talks to get to this point have already taken almost a year.

The disagreement surfaced on Wednesday night when delegates from the US and Saudi Arabia said they would not sign off on a report stating how to run the Fund. It is hoped the fund will channel much of the £63bn wealthier countries have pledged to give to their developing neighbours to offset the economic difficulties of limiting their carbon emissions.

They were followed by representatives from Venezuela and other South American nations who expressed doubts about handing a leading role to the World Bank, intended to act as the Fund's interim trustee, because of its perceived links to the US. Nigerian officials also said they were worried that private sector influence would limit poorer nations' ability to decide what to spend the money on.

Yesterday, Lord Prescott, the Rapporteur on Climate Change for the Parliamentary Assembly for the Council of Europe, called for the Kyoto Protocol to be put on hold to ensure delegates had time to decide on new measures.

The former Deputy Prime Minister said that, if it were suspended for a period, it could be extended beyond its current finish date: the end of 2012. Launching the Council of Europe's report: "Stop the Clock, Save our Planet," Lord Prescott called Canada, which failed to meet its targets, a "disgrace".

He said: "The rich countries have thrown down the gauntlet to the poorest. We must now pick it up and show these developed countries whose economic growth poisoned the planet, that they must accept their responsibility.

"It seems the US and Canada are still slaves to big oil and their own vested interests, preserving their status quo while obstructing the efforts of others. We propose that by stopping the clock the Kyoto mechanisms, core principles, organisational structures and expertise will not expire and parties could continue to act as if treaty were still in force while time is allowed for negotiations to finalise a new agreement."

News
More than 90 years of car history are coming to an end with the abolition of the paper car-tax disc
newsThis and other facts you never knew about the paper circle - completely obsolete tomorrow
News
people'I’d rather have Fred and Rose West quote my characters on childcare'
News
Kim Jong Un gives field guidance during his inspection of the Korean People's Army (KPA) Naval Unit 167
newsSouth Korean reports suggest rumours of a coup were unfounded
Arts and Entertainment
You could be in the Glastonbury crowd next summer if you follow our tips for bagging tickets this week
music
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
i100
Arts and Entertainment
Kylie performs during her Kiss Me Once tour
musicReview: 26 years on from her first single, the pop princess tries just a bit too hard at London's O2
News
peopleSwimmer also charged with crossing double land lines and excessive speeding
Arts and Entertainment
A new Banksy entitled 'Art Buff' has appeared in Folkestone, Kent
art
News
i100
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
iJobs Job Widget
iJobs General

Senior Marketing Manager - Central London - £50,000

£40000 - £50000 per annum: Ashdown Group: Marketing Manager (Campaigns, Offlin...

Head of Marketing - Acquisition & Direct Reponse Marketing

£90000 - £135000 per annum: Ashdown Group: Head of Marketing (B2C, Acquisition...

1st Line Service Desk Analyst

£27000 - £30000 Per Annum: Clearwater People Solutions Ltd: Our client who are...

Trainee Recruitment Consultant - Birmingham - Huxley Associates

£18000 - £23000 per annum + Commission: SThree: Huxley Associates are currentl...

Day In a Page

Isis is an hour from Baghdad, the Iraq army has little chance against it, and air strikes won't help

Isis an hour away from Baghdad -

and with no sign of Iraq army being able to make a successful counter-attack
Turner Prize 2014 is frustratingly timid

Turner Prize 2014 is frustratingly timid

The exhibition nods to rich and potentially brilliant ideas, but steps back
Last chance to see: Half the world’s animals have disappeared over the last 40 years

Last chance to see...

The Earth’s animal wildlife population has halved in 40 years
So here's why teenagers are always grumpy - and it's not what you think

Truth behind teens' grumpiness

Early school hours mess with their biological clocks
Why can no one stop hackers putting celebrities' private photos online?

Hacked photos: the third wave

Why can no one stop hackers putting celebrities' private photos online?
Royal Ballet star dubbed 'Charlize Theron in pointe shoes' takes on Manon

Homegrown ballerina is on the rise

Royal Ballet star Melissa Hamilton is about to tackle the role of Manon
Education, eduction, education? Our growing fascination with what really goes on in school

Education, education, education

TV documentaries filmed in classrooms are now a genre in their own right
It’s reasonable to negotiate with the likes of Isis, so why don’t we do it and save lives?

It’s perfectly reasonable to negotiate with villains like Isis

So why don’t we do it and save some lives?
This man just ran a marathon in under 2 hours 3 minutes. Is a 2-hour race in sight?

Is a sub-2-hour race now within sight?

Dennis Kimetto breaks marathon record
We shall not be moved, say Stratford's single parents fighting eviction

Inside the E15 'occupation'

We shall not be moved, say Stratford single parents
Air strikes alone will fail to stop Isis

Air strikes alone will fail to stop Isis

Talks between all touched by the crisis in Syria and Iraq can achieve as much as the Tornadoes, says Patrick Cockburn
Nadhim Zahawi: From a refugee on welfare to the heart of No 10

Nadhim Zahawi: From a refugee on welfare to the heart of No 10

The Tory MP speaks for the first time about the devastating effect of his father's bankruptcy
Witches: A history of misogyny

Witches: A history of misogyny

The sexist abuse that haunts modern life is nothing new: women have been 'trolled' in art for 500 years
Shona Rhimes interview: Meet the most powerful woman in US television

Meet the most powerful woman in US television

Writer and producer of shows like Grey's Anatomy, Shonda Rhimes now has her own evening of primetime TV – but she’s taking it in her stride
'Before They Pass Away': Endangered communities photographed 'like Kate Moss'

Endangered communities photographed 'like Kate Moss'

Jimmy Nelson travelled the world to photograph 35 threatened tribes in an unashamedly glamorous style