Talks in Peru on global warming facing hurdles

Everyone is aware that global warming is wreaking havoc on planet Earth hence, when a meeting was held by 190 nations to discuss and arrive at a modus operandi to control global warming, it is facing hurdles.
The two-week meeting on global warming was due to close in Lima, Peru, but disputes that arose in the opening days remain unresolved even as the negotiators struggled to come to terms with key issues.
One of the most contentious issues was to take a decision on what information should go into the pledges that governments are supposed to put on the table for a global climate pact expected to be signed at a summit in Paris next year.
While the developed countries want the pledges to focus on greenhouse emissions cuts, the developing nations want to see commitments of financial support to absorb the effects of climate change – this, as per estimates of the UN estimates would be in the region of $200bn annually by the year 2050.
Small island states are at risk of being flooded by rising seas and, they have complained that the draft does not make any mention of any "loss and damage" mechanism that had been agreed on in last year's UN talks in Poland.
Thee needs to be a permanent arrangement to help the poorest of the world, is how the negotiator for the Pacific Island nation of Tuvalu has put it.
The rising sea levels, intensifying heat waves and shifts in weather patterns causing floods and droughts are all indicators of global warming and, at present, most CO2 emissions are emanating from developing countries like China as they continue to grow their economies and lift millions of people out of poverty.