UN Climate Talks Enter Overtime Amid Clash on Finance
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United Nations global warming talks went hours into overtime as industrialized and developing nations bickered over timetables to boost financial pledges and setting commitments for reducing emissions.
The European Union and U.S. are pushing for the biggest developing nations including China and India to accept a deadline for when all nations must present emissions pledges that will be enshrined in a new global treaty in 2015. Poorer nations want the developed world to spell out plans to reach a $100 billion aid pledge for 2020.