The main issue which countries will contribute money and what percentage of their GDP remains unclear. To solve the problem, the representative from Tuvalu proposed to split up in two groups and hold the discussions. USA, Australia, Canada and UK agreed to contribute 0.25% of their GDP, stating that developing countries can't oblige them to contribute up to 1%. China refused to give any funding as it considers itself developing country. According to their statement, large number of their population is below the poverty line.
Before giving the money developed countries are asking for detailed plans, how will this money be distributed among developing countries and whether is will be spent appropriately or not. Actually developing countries came up with criteria for distributing the money. Some of them are venerability index, population and so on. The adaptation committee will take care of it.
Developing countries ask for $ 200 billion while the maximum they can get is $ 106 billion, if they get 0.25% of the annex 1 countries' GDP, the amount will go up to0 $113 billion from 2015, when China and Brazil will contribute 0.1% of their GDP.
The representative of the USA is demanding Russia to be present on the meeting and contribute part of its GDP.