UN Launches Climate Financing Group to Disburse Billions to World's Poor
source: http://solveclimate.com/blog/20100212/un-launches-climate-financing-group-disburse-billions-...
-
-
- fordlyn
- added this
UN Secretary-General Ban Ki-Moon announced plans today to create a powerful new climate change entity that will help mobilize billions of dollars to help the poorest nations battle climate change.
In December, wealthy countries agreed to provide $30 billion in "fast-start" financing from 2010 to 2012 as part of the Copenhagen Accord, struck in the eleventh hour of the Denmark talks. They also agreed to a goal of ramping up that sum to $100 billion by 2020.
So far, none of the fast cash has been disbursed and country-level pledges remain vague.
The new Advisory Group on Climate Change Financing, headed by UK Prime Minister Gordon Brown and Ethiopian Prime Minister Meles Zenawi, will have 10 months to recommend new sources of finance, along with a mechanism to guide the handouts.
The effort could win poor countries' trust in the run-up to global climate talks scheduled for December in Mexico.
http://solveclimate.com/blog/20100212/un-launches-climate-financing-group-disbur...
In December, wealthy countries agreed to provide $30 billion in "fast-start" financing from 2010 to 2012 as part of the Copenhagen Accord, struck in the eleventh hour of the Denmark talks. They also agreed to a goal of ramping up that sum to $100 billion by 2020.
So far, none of the fast cash has been disbursed and country-level pledges remain vague.
The new Advisory Group on Climate Change Financing, headed by UK Prime Minister Gordon Brown and Ethiopian Prime Minister Meles Zenawi, will have 10 months to recommend new sources of finance, along with a mechanism to guide the handouts.
The effort could win poor countries' trust in the run-up to global climate talks scheduled for December in Mexico.
http://solveclimate.com/blog/20100212/un-launches-climate-financing-group-disbur...
