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The idea was recently put forward by anti-poverty campaigners who have argued that a small levy applied to each transaction would mean billions of pounds could be redirected to support developing nations.
In principle, sufficient financial resources from the public and private sectors are available to support developing nations.
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That is, if advanced nations firm up their intentions for a treaty and pledge to financially support developing nations to reduce their emissions.
The first section is a quick financial injection from rich nations to support developing countries' efforts.
Many negotiators were disappointed that more had not been accomplished during the first week and several major issues remain unresolved, including how much financial support developing nations should receive and how to monitor whether countries are sticking to their pledges.
India's environment minister criticized developed countries on Tuesday, saying they had offered inadequate support to developing nations in the fight against climate change.
Later it turned to lending to developing nations.
Developed countries to provide financial support to "vulnerable" developing nations.
Ms. Lagarde has been on a worldwide tour of countries including Brazil, India and China in what appears to be a successful campaign to win support from developing nations.
Ms. Lagarde has been on a worldwide tour of countries including Brazil, India and China in what appears to be a successful campaign to win support from developing nations, some of which had said it was time for someone from a poorer country to manage the I.M.F.
Ms. Lagarde appeared in India's capital as part of a global campaign to win support from developing nations for her candidacy.
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CEO of Professional Science Editing for Scientists @ prosciediting.com