Journalists wait for the final agreement of the Warsaw climate talks at the press center inside the Warsaw National Stadium on Saturday morning. [Photo by Gong Yingchun/China.org.cn]

The Warsaw climate negotiations were postponed due to differences between developed and developing countries regarding their views on the Durban Platform, finance and the lost and damage mechanism.

China's chief negotiator Xie Zhenhua has pointed out that funding is key to the success of the conference. "Funding is the prerequisite for developing countries to take actions in mitigation, adaptation, loss and damages, technology development & transfer, capacity building and transparency," he said during the high-level segment of the Warsaw Climate Change Conference on Nov. 20.

A Polish climate negotiator noted that negotiations regarding climate funding are the toughest mission. Developed countries are presenting a declining willingness to offer financial support to developing countries.

The good news is that a new round of negotiations started around 6:00 a.m. on the morning of Nov. 23. A new agreement that will be "acceptable but not entirely satisfisfactory" is now expected.

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