Climate Financing Holds Key to Paris Conference

Historically, international development cooperation without financing arrangements often had no future. Although the Paris Conference opens now, there has been no systemic progress on climate financing. If developed countries fail to make clear arrangements on how to finance the $100 billion target, developing countries may well refuse to sign on the final agreement. It is therefore essential for the parties to reach a realistic and politically acceptable financing scheme.

Han Liqun Researcher, China Institutes of Contemporary Int'l Relations via CHINA US Focus http://ift.tt/1NXjxaf