ALL about the money-----UN Climate Talks Break Down

UN Climate Talks Break Down | The Daily Caller
The talks were designed to draft a blueprint for a global deal to fight climate change, due to be adopted in Paris late next year.
But developing countries argued that before signing on they needed to see greater commitments that the industrialised countries would keep to their end of a bargain to provide the money needed to fight climate change.
After 10 days of talks, developing countries argued that those assurances were not strong enough.
By midweek, a little over $10bn had been raised for a green climate fund, intended to help poor countries invest in clean energy technology.
That was below the initial target of $15bn and many of those funds will be distributed over several years.
It was also unclear how industrialised countries could be held to an earlier promise to mobilise $100bn a year for climate finance by 2020, negotiators from developing countries said.
“We are disappointed,” said India’s Prakash Javadekar.
“It is ridiculous. 
It is ridiculously low.” 
Javadekar said the pledges to the green climate fund amounted to backsliding. 
“We are upset that 2011, 2012, 2013 – three consecutive years – the developed world provided $10bn each year for climate action support to the developing world, but now they have reduced it. 
Now they are saying $10bn is for four years, so it is $2.5bn,” he said.