Developing nations face uncertain climate finance future as Kyoto Protocol nears expiry
Climate change negotiations have focused on who pays for emission reductions and adaptation efforts. The rules for raising and distributing climate finance are crucial for success. After the Copenhagen conference in 2009, finance became a central issue. Developed countries must provide financial support to developing countries under the UNFCCC. The Clean Development Mechanism has been the main way for money to flow to developing nations, but funding has decreased in recent years.