UN climate chief Christiana Figueres said that the talks made "good progress" and pointed to technical work on the shape of a Green Climate Fund that will assist the poorest nations seen as worst impacted by climate change.
Figueres acknowledged a "rough start" on the issue, as developing nations accused the United States and other major donors of blocking discussion on how to raise the $100 billion a year promised for the fund by 2020.
But a draft text produced in Panama City for governments' review reiterates the 0 billion figure and says most will come from public money.
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It leaves open the idea of a levy on airline and shipping emissions to raise revenue.
The Panama talks "made clear progress on how efforts to limit emissions by developing countries