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
newsAnother week, another dress controversy on the internet
Life and Style
Scientist have developed a test which predicts whether you'll live for another ten years
health
Life and Style
Marie had fake ID, in the name of Johanna Koch, after she evaded capture by the Nazis in wartime Berlin
historyOne woman's secret life as a Jew in wartime Berlin
News
news... and what your reaction to the creatures above says about you
Have you tried new the Independent Digital Edition apps?
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
iJobs Job Widget
iJobs General

Recruitment Genius: Telesales & Customer Service Executive - Call Centre Jobs

£7 - £9 per hour: Recruitment Genius: Are you outgoing? Do you want to work in...

Ashdown Group: Finance Manager - Covent Garden, central London - £45k - £55k

£45000 - £55000 per annum + 30 days holiday: Ashdown Group: Finance Manager - ...

Ashdown Group: Systems Administrator - Lancashire - £30,000

£28000 - £30000 per annum: Ashdown Group: 3rd Line Support Engineer / Network ...

Recruitment Genius: Graduate Web Developer

£26000 - £33000 per annum: Recruitment Genius: A Web Developer is required to ...

Day In a Page

Syrian conflict is the world's first 'climate change war', say scientists, but it won't be the last one

Climate change key in Syrian conflict

And it will trigger more war in future
How I outwitted the Gestapo

How I outwitted the Gestapo

My life as a Jew in wartime Berlin
The nation's favourite animal revealed

The nation's favourite animal revealed

Women like cuddly creatures whilst men like creepy-crawlies
Is this the way to get young people to vote?

Getting young people to vote

From #VOTESELFISH to Bite the Ballot
Poldark star Heida Reed: 'I don't think a single bodice gets ripped'

Poldark star Heida Reed

'I don't think a single bodice gets ripped'
The difference between America and Israel? There isn’t one

The difference between America and Israel? There isn’t one

Netanyahu knows he can get away with anything in America, says Robert Fisk
Families clubbing together to build their own affordable accommodation

Do It Yourself approach to securing a new house

Community land trusts marking a new trend for taking the initiative away from developers
Head of WWF UK: We didn’t send Cameron to the Arctic to see green ideas freeze

David Nussbaum: We didn’t send Cameron to the Arctic to see green ideas freeze

The head of WWF UK remains sanguine despite the Government’s failure to live up to its pledges on the environment
Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Author Kazuo Ishiguro on being inspired by shoot-outs and samurai

Set in a mythologised 5th-century Britain, ‘The Buried Giant’ is a strange beast
With money, corruption and drugs, this monk fears Buddhism in Thailand is a ‘poisoned fruit’

Money, corruption and drugs

The monk who fears Buddhism in Thailand is a ‘poisoned fruit’
America's first slavery museum established at Django Unchained plantation - 150 years after slavery outlawed

150 years after it was outlawed...

... America's first slavery museum is established in Louisiana
Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

Kelly Clarkson: How I snubbed Simon Cowell and become a Grammy-winning superstar

The first 'American Idol' winner on how she manages to remain her own woman – Jane Austen fascination and all
Tony Oursler on exploring our uneasy relationship with technology with his new show

You won't believe your eyes

Tony Oursler's new show explores our uneasy relationship with technology. He's one of a growing number of artists with that preoccupation
Ian Herbert: Peter Moores must go. He should never have been brought back to fail again

Moores must go. He should never have been brought back to fail again

The England coach leaves players to find solutions - which makes you wonder where he adds value, says Ian Herbert
War with Isis: Fears that the looming battle for Mosul will unleash 'a million refugees'

The battle for Mosul will unleash 'a million refugees'

Aid agencies prepare for vast exodus following planned Iraqi offensive against the Isis-held city, reports Patrick Cockburn