Small island nations, who face the prospect of getting submerged by the rising sea-levels, have been demanding a provision for compensation for damages that countries like them suffer due to climate change.
Developed countries have promised to "mobilise" $100 billion annually from 2020 to help deal with the impacts of climate change. However, there is still no clarity on how the developed countries plan to raise the money
The Trump administration on Friday officially told the United Nations that the U.S. intends to pull out of the 2015 Paris climate pact. But the State Department's announcement doesn't formally start the process of the U.S. getting out of the voluntary agreement.
The differences between the US and the other countries at the Summit were apparent in two paragraphs of the Hamburg Declaration — one outlining the American position and the other underlining the position of the others, including India’s.
In an interview with weekly magazine WirtschaftsWoche, Merkel said Europe needed to be wary about opening its markets to products that had been developed with public subsidies in China and should demand reciprocity on access to public tenders.