Finance ministers meet on sidelines of climate talks
Around 140 delegates were expected to attend the finance talks, about nine of which were of ministerial rank, mainly from Southeast Asia.
Participants included Australian Treasurer Wayne Swan, whose government last week ended its opposition to the UNFCCC's Kyoto Protocol for cutting greenhouse-gas emissions.
The closed-door meeting was looking at the economic impact of climate change and policy instruments for addressing greenhouse-gas emissions, a range that goes from energy taxes to caps on carbon pollution.
Another big question is how to muster the funds to help poor countries cope with the impacts of climate change and transfer clean technology to them so that they avoid following rich economies down the path of carbon pollution.
Although the talks were not framed as a pledging session, Indonesian Finance Minister Sri Mulyani Indrawati said the United States had finalised a commitment to withdraw about 20-million dollars in Indonesian debt in exchange for forest conservation.