I owe you money but you've just ruined my well. You don't want to compensate me for the damage you've caused. What if I said, "fine, I'll take the money I owe you and use it to dig another well"?
In general terms, climate change is hitting hardest the poorest and most vulnerable nations of the Third World, countries that also tend to be heavily indebted to the rich countries that are also the big emitters of greenhouse gases.
If it wasn't a bi-polar, "us versus them" world before the Warsaw climate change summit it became one when 134 of the small, weak and vulnerable nations walked out in protest against the rich countries' refusal to talk compensation.
What if those 134 wee nations told the International Monetary Fund, the World Bank and the finance ministries and treasury departments to get stuffed, reneged on their debts and began expropriating First World assets to fund climate change relief and adaptation projects?
Shut their embassies, drive the buggers out and then announce that, collectively, your bloc of 134 countries with all those strategic resources will deal with the first economic superpower, East or West, to come to the table with an acceptable climate change deal.