US, EU Backtracking On Climate Financing: Ramesh

At the end of a two-day informal climate ministerial summit to address the key issue of climate financing in the climate change jigsaw puzzle, the Indian minister cautioned the industrialised countries not to walk away from their commitments because of the current financial crisis.

Describing the Geneva meeting as "not a productive" event, the minister spoke about "a conscious effort (by developed countries) to underplay finance and overplay the role of markets (in climate finance)." Read the full report here.

Source: D Ravi Kanth, Geneva, Outlook India.