Numerous ministers reached Lima to attend the last week of UN climate change negotiations.
Currently, the most complex task for all of the representatives is to fill the gaps between the share and content of the global agreement.
The arguments regarding the developed and underdeveloped nations emerged again. The typhoon of the Philippine was the chief reason behind the resurfacing of this discussion.
Typhoon of Philippines is named as Hagupit. The storm forced nearly a million people to evacuate their houses. Several people died due to the 5th largest tropical storms of the world. The fall over of trees and power lines are giving shivers to the people. The echo of storms hit the walls of the Lima conference room.
Fortunately, the representatives of 190 nations solve the main obstruction of Intended Nationally Determined Contribution (INDC). The under developed nations wish to expand it ahead of the decrease of carbon emission. They want to get more aid from developed countries to make it easier for developing countries to adapt the affects of climate change.
A report evidently demonstrates the wish of UN Environment Program. It propose that adaption price for under developed nation can reach as high as $150 billion till 2025-2030. The cost is equal to $250-500 billion every year till 2050. The amount is almost the double of the current estimation.
However, the European Union along with a few countries such as Japan and United States stated that INDC concentrate merely on mitigation. The agreement completely ignores rest of the problems like finance, technology and adaption.