Resource detail

Not much was expected from the global climate talks at Warsaw. And not much has been delivered. That said, negotiators from around 195 countries did at least stave off a Copenhagen-type fiasco, by working out a rather minimalist deal with some baby steps towards a cleaner environment. Among the positives is the creation of a mechanism for "loss and damage" that would rout climate change adaptation assistance to poorer countries from industrialized nations. This is merely a reconstructed version of the GCF (Green Climate Fund), which had failed to fully materialize. Only a handful of resource-rich countries actually came up with offers to donate around $100 million towards this mechanism, against the GCF's target of progressively raising annual funding to $100 billion a year by 2020. These nations are now required to begin pledging higher amounts by the next climate meet in Lima, Peru, in December 2014, before the review of progress on this count after three years.