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LONDON (Reuters) - The U.S. is refusing to sign a flagship global climate fund as negotiations intensify ahead of the UN climate summit next week, the Financial Times reported on Thursday. It quoted U.S. officials as saying the United States, backed by Saudi Arabia, had still not agreed to adopt a blueprint for the Green Climate Fund. Countries agreed to create the fund last year to channel up to $100 billion a year by 2020 to help developing countries fight climate change and a U.N. committee completed the draft design of the fund at a meeting in South Africa in October. ...
High levels of carbon dioxide in the atmosphere may have less of an impact on the rate of global warming than feared, a study said Thursday.
LONDON (Reuters) - The government wants a new globally binding climate deal to be "operational" by 2020 to reduce greenhouse gas emissions enough to keep world temperature rises to a limit of 2 degrees Celsius, the UK's minister for energy and climate change said. "The key thing is to have a deal to reduce emissions by 2020. As long as it is operating by then, that's fine," Chris Huhne told reporters on Thursday. Negotiators from around the world will meet in Durban, South Africa, next Monday for two weeks to work on a new globally binding United Nations deal towards cutting emissions. ...