China Says Climate Deal Hinges On Aid To Emerging Economies

A security guard uses a fan to keep cool as a heatwave continues in Shanghai on July 24, 2013. (PETER PARKS/AFP/Getty Images)

huffingtonpost.com - Reuters - by Alister Doyle - June 6, 2014

BONN, Germany, June 6 (Reuters) - China led calls by emerging economies on Friday for the rich to raise financial aid to the poor as a precondition for a United Nations deal to combat global warming.

Many countries at U.N. climate negotiations from June 4-15 have welcomed news this week that the United States plans to slash emissions from power plants, but emerging nations said cash was just as important to unlock progress.

"When the financing is resolved, this will set a very good foundation to negotiate a good agreement," China's chief negotiator Xie Zhenhua told delegates from about 170 nations.

(READ COMPLETE ARTICLE)