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Edition: U.S. Article Comments (0) Save Email Print Reprints Most Popular Most Shared God did not create the universe, says Hawking 9:08am EDT Hurricane Earl takes aim at U.S. East Coast | Video 11:42am EDT Bernanke cites "sadness" in letting Lehman fail 11:03am EDT Why Apple rental plan alienated most studios 12:29am EDT Eastern Atlantic depression could head for Caribbean | Video 01 Sep 2010 Burger King agrees to be sold for $3.26 billion 11:32am EDT WRAPUP 2-U.S. pending homes sales rise, jobless claims dip 11:15am EDT Palestinian forces arrest dozens of Hamas activists | Video 01 Sep 2010 Wall Street gains on housing and jobless data 11:00am EDT Samsung says to focus on Android, bada software 5:26am EDT God did not create the universe, says Hawking 9:08am EDT Study says most corporations pay no U.S. income taxes 12 Aug 2008 Global stocks at 2-week peak | Video 8:24am EDT Strange and unusual 26 Aug 2010 Photo focus: Behind the lens 17 Aug 2010 Burger King agrees to be sold for $3.26 billion 11:32am EDT Older people enjoy reading negative stories about young 31 Aug 2010 Target stores to sell Facebook gift cards 01 Sep 2010 GM roadshow to begin after elections: sources 01 Sep 2010 Edward Norton launches charity fund-raising website 12 May 2010 NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. The Green Gauge Leaders and losers Which companies win and who loses out for their impact on the environment this month? ASSET4 brings you this rundown of winners and losers in green business headlines. Full Article More from The Green Gauge Nations meet on climate cash, U.N. sees long haul Tweet This Share on LinkedIn Share on Facebook Factbox Climate aid pledges at $30 bln goal, but some old 10:58am EDT Analysis & Opinion UN panel once exaggerated costs of climate fight — by 1,000 times Pakistan-India; a $5 million downpayment on a peace initiative Related Topics World » Green Business » Japan » COP15 » By Alister Doyle, Environment Correspondent GENEVA | Thu Sep 2, 2010 10:58am EDT GENEVA (Reuters) - About 45 nations met on Thursday to seek ways to raise billions of dollars in aid to help the poor combat climate change as the United Nations warned them of a long haul to slow global warming. Environment ministers and senior officials in Geneva were reviewing whether rich nations, hit by austerity cuts, are keeping a promise of $30 billion in "new and additional" climate aid for 2010-12 made at the U.N.'s Copenhagen summit. "The funds are critical" to build trust between rich and poor, Christiana Figueres, the U.N.'s climate chief, told Reuters in an interview. About 120 countries in Copenhagen also pledged to increase aid for developing nations to $100 billion aid a year from 2020. Figueres said cash could be a key to unlock progress on other climate problems, such as sharing clean technologies or protecting carbon-storing forests at the next meeting of environment ministers in Cancun, Mexico, from November 29-December 10. Swiss Environment Minister Moritz Leuenberger told the start of the two-day talks that "the regulation of the financial issues is a key precondition for the successful conclusion of the climate negotiations in Cancun." But Figueres predicted there would be no new global treaty to combat climate change in Cancun, even though she said that extreme weather such as floods in Pakistan or Russia's heat wave were "warning bells" about the risks of inaction. "I don't think that governments are considering (a treaty) for Cancun," she said. A year ago, many nations were hoping that the Copenhagen summit in December would be a "big bang" deal to help solve climate change. But that didn't happen and Figueres said it was more realistic to look for gradual progress in solving climate change, adding that there was no "magic bullet." Cancun could end up setting a new deadline for working out a more binding deal, perhaps by the end of 2012. CANCUN Figueres said it was vital that developed nations be able to point to $10 billion allocated to climate aid for 2010 by the time they meet in Cancun. But she urged developing nations to give leeway in judging if it was truly "new and additional" as agreed in Copenhagen.' She said that all nations' 2010 budgets were agreed by national parliaments by the time of the December summit. "There are justifiable reasons to see why 100 percent of this allocation (in 2010) will not be additional," she said. The Netherlands plans to launch a new website on Friday to track climate promises. An overview by Reuters shows that aid promises total $29.8 billion for 2010-12, but it is unclear how much is new. Japan, for instance, has pledged the most aid, at $15 billion, but much of that was decided several years ago. Figueres told a news conference that the Copenhagen pledge meant $100 billion a year from 2020 was a "minimum" required. She also said that the world could make progress even if the United States did not pass legislation to curb emissions by 2020 in line what she called a "pledge" by President Barack Obama in Copenhagen. U.S. legislation has stalled in the Senate. (Editing by Noah Barkin) World Green Business Japan COP15 Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. 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