Nations Start to Agree on Paying for Climate Pledges – Bloomberg.com

‘March 23 (Bloomberg) — Nations are starting to agree on how rich countries could help pay for greenhouse-gas reduction and climate-change adaptation in developing markets, the United Nations said.

A proposed registry would list “nationally appropriate mitigation actions” by developing countries such as China and India and match them with pledges of financial and technological support by developed nations, the UN said in a document on the Web site of the UN Framework Convention on Climate Change.

Countries are “converging” on how the registry would work as part of UN climate talks this year, according to the March 17 document. The negotiations will culminate in a December meeting in Copenhagen. Emerging markets want richer countries to cut emissions first, saying the U.S., the European Union and other industrialized nations have contributed most to climate change. Only developed countries have targets under the 1997 Kyoto Protocol, which runs through 2012.’

via Nations Start to Agree on Paying for Climate Pledges (Update1) – Bloomberg.com.