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Worries over the U.S. and China have led to mounting pessimism that a deal can be struck in Copenhagen without major policy changes. "The prospects that states will actually agree to anything in Copenhagen are starting to look worse and worse," Rajendra Pachauri, head of the U.N. scientific panel studying climate change, wrote in a Friday post on the Newsweek Web site. "Everyone realizes this is a crucial problem that we need to tackle, and everyone realizes that the deadline is a real deadline," British Energy and Climate Change Secretary Ed Miliband said, following initial talks on Sunday. "I think progress is being made." He said there was "a lot of convergence, a lot of agreement on some of the key questions" between delegates. President Barack Obama initiated the Major Economies Forum earlier this year as an informal grouping to privately discuss key international problems. The London meeting is seeking agreement on funding from the developed world for poorer countries, to help them adapt to changes in the earth's climate that threaten to flood coastal regions, make farming unpredictable and spread diseases. Miliband said that no agreement on an annual funding figures had been reached Sunday. Most estimates that hundreds of billions of dollars would be needed every year.
[Associated
Press;
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