U.S. says financing core part of Cancun climate deal

Reuters reports, “Despite tough economic times, rich countries must make good on short-term pledges of billions of dollars in financing to help developing countries tackle global warming, the U.S. climate envoy said. The climate deal forged among more than 190 countries at the annual U.N. talks in Mexico’s Cancun beach resort on Saturday included agreements [...]

Spurned Chinese developers blast U.N. CO2 rulings

According to Reuters, “Developers behind the 19 Chinese wind and hydropower projects rejected by a U.N.-backed clean energy investment panel have accused the board in charge of making arbitrary and non-transparent rule changes. Most said they had no choice but to reapply to try to earn internationally tradeable carbon offsets they said were needed to [...]