During the meetings, the purpose of the financing was more specifically defined. The finances will be used to help developing countries mitigate the effects of climate change and adapt to the conditions caused by climate change. The most vulnerable of these developing countries are small island nations and most of the nations of Africa.In preliminary findings, a goal of US$100 billion by the year 2020 was established. It was recognized as a challenging yet feasible goal that will require a combination of resources to meet. Such resources include public and private funding, grants and loans. New public instruments based on a carbon pricing model showed much promise, as did increased direct contributions from development banks. A global financial transaction tax was also discussed.

It is all about the money, but as far as our climate is involved solutions should be formed regardless to finance difficulties.

If you don’t think that climate change crisis is serious enough to find immediately solutions regardless to finance difficulties, or to find solution to the finance difficulties you should watch Dr Richard Milne video about “Critical Thinking on Climate Change: separating skepticism from denial”, after that “short” introduction to the seriousness of climate change you’ll know that a solution must be found – yesterday!