02 May '11, 6am

News [eco-business.com]: Green Climate Fund critical for Durban success: UN Climate Chief

News [eco-business.com]: Green Climate Fund critical for Durban success: UN Climate Chief

UN Climate Chief sets high expectations for the Green Climate Fund committee. Photo: UN Climate Chief Christiana Figueres in December in Cancun - Eco-Business The Green Climate Fund must set the stage for successful talks at the next United Nations climate meeting due at the end of the year in Durban, said UN Climate Chief Christiana Figueres on Friday. The managers behind this fund must also produce a framework that will open up a flood of new financing for climate change initiatives globally, she said. The Green Climate Fund was one of few concrete developments that came out of last December’s UN climate talks in Cancun, in which on-going disputes between developing and developed countries continued to stall progress on an international treaty to curb carbon emissions. The fund’s transitional committee, charged with designing a mechanism for efficiently mobilising a targ...

Full article: http://www.eco-business.com/features/green-climate-fund-c...

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