• UN climate meet faces cash crunch


    BONN: Key climate negotiations opened in Bonn on Monday with a top UN official warning there was not enough money to host a year-end Paris conference tasked with sealing a global carbon-curbing pact. Addressing delegates, UN climate chief Christiana Figueres said there was insufficient “funding for participation for either the October session, which is already planned, or for the COP.” She was referring to the next scheduled negotiating round, and to the Conference of Parties, which takes place between November 30 and December 11. “I regret to inform you that we have a deficit now of 1.2 million euros ($1.3 million) just to cover the sessions you have in your calendar,” she said, urging “parties in a position to do so, to contribute.”



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