Posts Tagged ‘Green Fund’
Talks on UN “green fund” set for late April
MEXICO CITY (Reuters) – Delegates from 40 nations tasked with designing a “green fund” to help poor countries cope with climate change will hold their first meeting in late April, U.N. officials said on Thursday.
The meeting to start developing the Green Climate Fund, which had been postponed over disagreements about who should attend, will be held in Mexico City on April 28-29.
Climate talks in December committed rich countries to finance $100 billion a year in climate aid for poor countries from 2020.
That was one of the modest goals achieved during that last major climate summit, which failed to end in a binding deal to limit greenhouses gasses like tailpipe exhaust and industrial smog.
Since that event, held in the Mexican resort city of Cancun, delegates from the 40 nations that will help govern the fund had not been able fix a meeting date.
The fund was part of a package that included steps to protect tropical forests and share clean technologies.
Rising aid is meant to help developing nations curb their greenhouse gas emissions by shifting from fossil fuels to renewable energies and to help them adapt to effects of heat waves, droughts, floods, storms and rising sea levels.
(Reporting by Patrick Rucker; Editing by Vicki Allen)
Darmawan Consulting at Equity Tower
Darmawan Consulting set up new business office at Equity Tower, Jakarta, Indonesia.
UN postpones “green fund” climate talks to April
The fund, under which aid flows are meant to reach $100 billion a year by 2020, was agreed by governments in Cancun, Mexico, in December as part of a deal that the United Nations said reignited “a beacon of hope” for tackling global warming.
The fund was part of a package including steps to protect tropical forests and share clean technologies. It set a goal of limiting limit any rise in temperatures to below 2 degrees Celsius (3.6 Fahrenheit) above pre-industrial times.
Among the few firm deadlines set in the Cancun Agreements was that the transitional committee should hold its first meeting by the end of March 2011. Asian nations have said that they will be unable to decide delegates until early April.
Rising aid is meant to help developing nations curb their greenhouse gas emissions by shifting from fossil fuels towards renewable energies and to help them adapt to the impacts of heatwaves, droughts, floods, storms and rising sea levels.
Earlier on Thursday in Tokyo, Christiana Figueres, head of the climate change secretariat, said that a separate meeting of ministers in Mexico this month would discuss the green fund as well as the work agenda for this year’s U.N. climate talks.
She said that the work on the green fund would start despite wrangling between rich and poor nations over the future of the Kyoto Protocol, which obliges almost 40 developed nations to cut greenhouse gas emissions until 2012.
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