Saturday, 4 July 2015

UN URGES DEVELOPED NATIONS TO TRANSFER 100 BILLION DOLLARS PER YEAR

If climate change is not all about the money, I think we can conclude from this that it is certainly a very important aspect which helps to keep it going despite the apparent lack of warming in recent decades.

UN Secretary-General Ban Ki- moon on Monday urged developed countries to create a credible plan to commit 100 billion U.S. dollars per year by 2020 to support developing countries to adapt to climate change.

"I strongly urge developed countries to provide a politically credible trajectory for mobilizing 100 billion dollars per year by 2020 to support developing countries in curbing emissions and strengthening their resilience," Ban said at a high-level event on climate change.

The UN chief said he would "proactively engage with leaders from both the global north and south to make sure this goal is met and is considered credible by all."

He expressed disappointment with what he called the "snail's pace" of climate negotiations currently taking place in the lead up to the United Nations Framework Convention on Climate Change meeting set to take place in Paris on Dec. 7-8.

"I really count on leaders, presidents, prime ministers and ministers to exercise their political direction so that this negotiation will move much faster," Ban said.

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