Among the sticking points are a demand by countries for Chinese commitments to more aggressive emissions cuts as well as for China to accept more stringent verification of its climate change mitigation, said Xie Zhenhua, vice chairman of the National Reform Development Commission of China, the country’s top economic planner.
Some countries tried to tie those conditions to financial assistance to the least developed countries, he told reporters through a translator today.
Developed nations have pledged $30 billion in short-term financing from 2010 to 2012, $2 billion of which still needs to be sourced, Figueres said. The outline of a longer-term climate fund could also be agreed upon in Cancun, she said.
The negotiations around targets for rapidly developing nations like China and for financial transfers are relevant to my research for the Climate Collaboratorium. I have been working on making it possible to see simulations of economic impacts of climate mitigations for different regions.