Africa / Asia / Climate Change / Latin America

UN climate chief confident Cancun will establish a ‘Green Fund’ to help developing nations cope with climate change

Meeting with Christiana Figueres

Christiana Figueres, the Costa Rican Executive Secretary of the United Nations Framework Convention on Climate Change (photo credit: Adopt a Negotiator’s Photostream on flickr).

Despite the fact that governments of industrialized countries are focusing on balancing their budgets in these hard fiscal times, new UN climate chief Figueres is optimistic that a deal will be struck at the forthcoming United Nations climate meeting to establish an annual US$100-billion fund that will help developing countries deal with climate change.

From Reuter’s AlertNet comes this report on the upcoming climate change conference that will begin in Cancun, Mexico, later this month (29 November–10December 2010).

‘. . . Christiana Figueres said that governments had lowered their sights for the Nov. 29–Dec. 10 talks in Cancun, Mexico, after the Copenhagen summit in December 2009 failed to reach a sweeping new U.N. pact to slow climate change. . . .

‘In Cancun, governments will seek to agree measures including a new “Green Fund” to handle long-term aid, actions to help developing nations adapt to climate change, a new mechanism to share clean technologies and ways to protect tropical forests.

‘Figueres, a Costa Rican who heads the Bonn-based U.N. Climate Change Secretariat, said that pledges by all nations were too weak to meet a goal set in a non-binding Copenhagen Accord to limit a rise in wrold temperatrues to below 2 degrees Celsius (3.6 F). Temperatures have already risen 0.7 C over pre-industrial times. . . .

‘Among disputes before Cancun are on how to set up a “Green Fund”, meant to channel funds to developing nations to help them cope with climate change and meant to reach $100 billion a year from 2020.

‘Figueres said there were differences over whether it was best to take a “political decision” in Cancun to set up the fund and then design how it would work, or to design the fund first.

‘The United States insisted at preparatory talks in Mexico last week that the design had to come first—a view at odds with many other nations, diplomats said.

‘”I am confident that the differences that are still on the table can be ironed out,” Figueres said of the Green Fund.’

Read the whole article at: UN climate talks seek complex, interlocked deal-UN, 10 Nov 2010.

For more on the conference, visit the United Nations Framework Convention on Climate Change or Mexico’s website on the conference.

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