U.N. Delegates Confront The Cost Of Stopping Climate Change
Climate conferences over the past decade have foundered on finance, especially on who's going to pay for the huge cost of shifting away from fossil fuels. Most difficult is the disconnect between developing countries, who want money from the rich countries, and the reluctance by those rich countries to agree to open-ended commitments. Moreover, getting risk averse private investors into the new green energy market is turning into a big obstacle in Paris.
