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Those financial commitments were key in persuading developing countries to accept the UN accord.
“They are critically important,” Oonagh Fitzgerald, director of the international law program at Waterloo’s Centre for International Governance Innovation, said in an interview.
“It is an ongoing commitment that was made that they would keep contributing to this thing and building on it over time. So if there was suddenly a big shortfall, it would have a huge practical impact. … Money is definitely critical to making things work in every respect in this agreement.”
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