"A plan by almost 200 countries to step up efforts to fight climate change is set to miss a March deadline for starting work on a green fund to help developing nations, delegates said on Wednesday.
Groups of Asian, and Latin American and Caribbean countries have yet to decide who will gain early influence in designing the "Green Climate Fund" by attending 40-nation U.N.-led talks due in Mexico City on March 14 and 15.
The fund, under which aid flows are meant to reach $100 billion a year by 2020, was agreed by governments in December as part of a deal that the United Nations said reignited "a beacon of hope" for tackling global warming."
Alister Doyle reports for Reuters March 3, 2011.
SEE ALSO:
"China Sets Out Disputes Facing 'Arduous' Climate Talks" (Reuters)
"Australian Farmers Key To Climate Change Fight: Adviser" (Reuters)
"Japan Wants New CO2 Offset Scheme To Complement U.N." (Reuters)
"States Cede the Front Lines in Push for Climate Policy" (Daily Climate)
"U.N. Climate Talks Seen Missing Aid Plan Deadline"
Source: Reuters, 03/03/2011