Bottom line? Kick the can down the road, deferring disagreement over a difficult negotiation.
Wealthy nations put off for a year resolution of the dispute over providing billions of dollars in aid to countries most heavily affected by climate change. Industrial nations have pledged to secure $100 billion a year by 2020 in public and private financing to help poor countries cope with climate change, but have been vague about what they plan to do before then.
Only a handful of countries, not including the United States, have made concrete financial pledges for adaptation aid over the next few years. Todd D. Stern, the senior American negotiator, said that the United States would continue to provide substantial climate-related aid to vulnerable countries. But he said he was not in a position, given the budget talks in Washington and the Congressional process, to promise new American financing.
The participants noted with “grave concern” the widening gap between what countries have promised to do to reduce emissions and the growing concentration of greenhouse gases in the atmosphere. They declared it unlikely that on the current path the world would be able to keep global temperatures from rising more than two degrees Celsius (3.6 degrees Fahrenheit) from pre-industrial times, a central goal of the United Nations process.