The Times (London) is reporting that poor country negotiators have demanded behind closed doors that rich country governments hand over $3.5 trillion in climate finance, or they will refuse to accept the Paris accord. India alone is seeking $2.5 trillion in climate finance. India’s total GDP in 2014 was just over $2 trillion. This demand may have been sparked by the fact that U.S. Secretary of State John Kerry apparently threatened to walk out of conference if the accord was written so as make climate finance a legally binding obligation. He pointed out that Congress would not accept such an obligation. “You can take the U.S. out of this. Take the developed world out of this. Remember, the Earth has a problem. What will you do with the problem on your own?,” Kerry reportedly said.
https://reason.com/blog/2015/12/11/poor-countries-demand-35-trillion-in-cli#comment
https://reason.com/blog/2015/12/11/poor-countries-demand-35-trillion-in-cli#comment