“To secure sufficient financing of climate actions in developing countries will be decisive in order to reach a new international climate treaty,” says Norwegian Prime Minister Jens Stoltenberg.
According to the Copenhagen Agreement reached at the end of the December summit, developed countries will raise up to 30 billion US dollar for the period 2010-2012 and a total of 100 billion dollar annually from 2020. The agreement also stated that countries will work to limit the temperature increase to 2 degrees Celsius, and implement efforts to reduce or limit the emission of greenhouse gases.
The new UN climate group, chaired by Ethiopian Prime Minister Meles Zenawi and British Prime Minister Gordon Brown, will draw up practical proposals for the financing of emission cuts and adaptation strategies in developing countries. The means will come from the private as well as the public sector. The high-level panel will submit its final report to UN Secretary-General Ban Ki-moon before the next conference of parties to the UN Framework Convention on Climate Change (UNFCCC) in Mexico later this year.
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- Norway’s Stoltenberg to give advice on financing effort against climate change in developing countries
- United Nations Framework Convention on Climate Change