COP15

Climate negotiations stuck: US becoming key obstacle on the road to Copenhagen. Rich countries have not put serious money on the table to help poor countries adapt to the escalating impacts of climate change.

International aid organization Oxfam welcomed encouraging remarks made by heads of state at the UN Summit on Climate Change, but cautioned that it remains to be seen if they will be translated into a fair, ambitious and binding global treaty in Copenhagen this December.

The European Commission published its paper on climate financing today ahead of the Copenhagen summit in December. It's offer would seek to divert money already promised for education and health in poor countries.