U.S. joins an effort to ' ` ` fast - start '' funds for developing counties . Talks continue to establish a global limits on carbon emissions to replace Kyoto . U.S. President Barack Obama is expected to join the talks Friday . `` If the U.S. can commit to another couple of percent in terms of cuts ( in emissions ) , if the Chinese can increase their efficiency gains by 5 percent , that 'll probably be enough to bring the Europeans on board for a 30 percent target , and then we 'll be there . '' Japan , EU provides more than $ 1 billion in climate aid to developing nations .
U.S. joins an effort to ' ` ` fast - start '' funds for developing counties . Talks continue to establish a global limits on carbon emissions to replace Kyoto . U.S. President Barack Obama is expected to join the talks Friday . Japan , EU provides more than $ 1 billion in climate aid to developing nations .