New high-level advisory group to spur action on climate change
The leaders of the United Kingdom and Ethiopia will head up a new high-level group launched by Secretary-General Ban Ki-moon today, intended to mobilize financing swiftly to help developing countries combat climate change.
The Copenhagen Accord reached at December’s United Nations conference in the Danish capital aims to jump-start immediate action on climate change and guide negotiations on long-term action, with developing countries to be given $30 billion until 2012 and then $100 billion a year until 2020.
It also includes an agreement to working towards curbing global temperature rise to below 2 degrees Celsius and efforts to reduce or limit emissions.
“There will be an even balance between developing and developed countries” in the new Advisory Group on Climate Change Financing, chaired by Ethiopian Prime Minister Meles Zenawi and UK Prime Minister Gordon Brown, Mr. Ban announced in New York today.
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