Cold cash issues cause problems in global warming talks – Boston 25 News

climate talks in Glasgow are still trying to find common ground on phasing out coal, when nations need to update their emission-cutting pledges and, especially, on money.

Negotiators in Glasgow, Scotland, held last-minute huddles and pored over fresh proposals for sealing a deal that they hoped could be credibly said to advance worldwide efforts to tackle global warming.

During the buildup to the delayed session on Saturday afternoon, Kerry huddled with diplomats from Africa and other parts of the developing world.

Divisions remained on the issue of financial support sought by poor countries for the disastrous impacts of climate change they will increasingly suffer in the future.

Another issue causing problems Saturday has confounded negotiators for six years: setting up carbon-trading markets.

In another proposal, countries are “encouraged” to submit new targets for emissions reduction for 2035 by 2025, and for 2040 by 2030, establishing a five-year cycle.

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