Fight to control Copenhagen climate change fund

The deadlock over who should cut carbon emissions and by how much may be dominating the headlines here in Copenhagen but behind the scenes an equally big issue is being thrashed out. It’s a fight for control of the massive new fund that will challenge our changing climate.

So far there has been no agreement regarding how this money should be managed and where it should be channelled as negotiating bodies from the developed and developing worlds hold fast to their polarised positions.

“So far, we have no agreement on the new climate fund or the body that will oversee it” Jukka Uosukainen, a co-facilitator representing the developed countries in the financial negotiations told the BBC.

“But if we have an overall agreement in this summit, I think we can still reach into an agreement.”

BBC