As the climate crisis intensifies, extreme weather events such as the devastating Typhoon Haiyan in the Philippines are becoming increasingly frequent. At the final hour, a compromise was reached between representatives of the developed and developing countries on a funding 'mechanism' to pay for climate-related 'loss and damage' at the recent 19th Annual Meeting of UNFCCC (United Nations Framework Convention on Climate Change) known as COP 19 (Conference of the Parties) in Warsaw. While this represents a victory for the Group of 77 developing countries, the vague, non-binding wording of the final document fell far short of the detailed funding commitment expected from developed nations.
Read more at The Huffington Post: http://www.huffingtonpost.com/asoka-bandarage/cop-19_b_4350483.html