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The issue of compensating developing countries for climate change is highly contentious and the latest draft of the agreement being worked on in Paris revealed that there was still much work to be done before it could be resolved.
These findings suggest that finance mechanisms that focus purely on compensating developing countries, without contributing to the global public good of mitigation, will find it hard to garner public support.
By compensating developing nations for not cutting down these trees, wealthy nations could cover many billions of tons of their required reduction in carbon emissions by 2020.
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They want to build a consensus for a plan in which wealthier countries would compensate developing countries for conserving tropical forests like those of the Amazon.
They came to build a consensus for a plan in which wealthier countries would compensate developing countries for conserving tropical forests like the Amazon.
Separately, participants agreed on a system that would compensate developing countries for protecting their rain forests, a plan that environmentalists described as an innovative effort to mitigate global warming.
A third approach has consisted of financially compensating the developing country for losses in terms of costs of education and training and the value of the health care services that could have been provided if the physician had not left the country.
How much should rich industrialized nations compensate poor developing nations for their carbon emissions, and what precisely should be the compensation mechanism to help these nations develop clean energy technologies while adapting to a changing climate of droughts, famines, stronger storms, and sea-level rise?
Many say it was to compensate for developing destructive forces.
At COP19, the G77 and China bloc of 132 countries walked out of "loss and damage" negotiations when the Australians rejected language that would provide a basis for compensating less developed countries for extreme weather events.
The latter are facing a loss of turnover which needs to be compensated by developing alternative business models.
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