Brazil will not hold up climate deal over funding demand

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Brazil will not hold up climate deal over funding demand
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Brazil will not hold up a deal settling the final items of the Paris Agreement o...

MADRID - Brazil will not hold up a deal settling the final items of the Paris Agreement on climate change over a demand for more international funding for domestic environmental efforts, a senior Brazilian diplomat said on Thursday.

Earmarking funding for specific countries is not part of the UN negotiations, which are focused on setting rules for how the Paris accord will be implemented, leaving unclear how Salles’ demand factored into negotiations. Last month, Salles said that at this summit he would find out how much Brazil will get of a planned $100 billion in annual climate financing that developed countries promised developing countries by 2020.

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