Climateer Line of the Day: Climate Negotiations ALWAYS End in Money Edition

From the Guardian:

"We will want more than the $100bn to agree to a new Paris protocol," 

The paragraph continues:

...said Quamrul Choudhury, a lead negotiator for the group which includes many African and Asian countries. "On top of that we will want a legal mechanism to compensate for 'loss and damage' [compensation for extreme climate change events]. There should definitely be some space in the [final] treaty for that," he said in London.

As Nicholas Stern (he of the eponymous report, then Sir, now Lord), Vice-overseer of consultancy IDEACarbon said:

“Bali will set in motion a process that will define the structure
of the carbon markets for decades to come”
“By 2020 the global carbon market could be worth EUR 240-
450 billion”
-Sir Nicholas Stern

"This (climate change) is much too important to leave to environment ministers"
-Sir Nicholas Stern
to Finance Ministers basking in Bali

Good times, good times.

Last seen in our 2012 post "The Man Who Oversaw the Decline and Fall of Carbon Trading is Crabby on His Last Day at IETA".