The US has been using the fund to promote its own solar manufacturing. The US Exim Bank and the OPIC have been offering low-interest loans to Indian solar project developers on the mandatory condition that they buy the equipment, solar panels and cells from US companies. This has distorted the market completely in favour of US companies.
countries will need to change the way they manufacture goods, raise crops and livestock and generate energy
We can’t. Not unless the developed countries remove the cost burden on installation and maintenance of “green” technologies. Their complaint is that developing these technologies has taken time and money. Money which they have to recoup for further development. In that case, we should continue as we best can.
The developed countries can’t hold the developing countries hostage to climate change. We have an equal right to progress and prosperity. Let the developed nations show commitment first to reversing the damage they have done.
Indian negotiators pointed out that EU’s demand would leave the question of existing commitments by the rich world on finance and technology transfer as well as emission reduction in limbo, forcing the world to dump the idea of equity and move to a new regime that would apportion greater and costly responsibilities on the bigger developing economies.
Emphasis mine. Just two demands:
Climate change liability must take into account the population and quality of life in that country. There has to be equality in the per head emissions reduction target. This target must not slow the desired improvement in quality of life.
Developed countries should start technology transfer for ecologically sustainable green technologies; without profiteering.