Mexico City, Mexico — ESI-AFRICA.COM — 25 March 2011 – Delegates from 40 nations who were tasked late last year with designing a ‘green fund’ which would be designed to help poor countries cope with climate change are to hold their first meeting in late April.
Revealing this here, U.N. officials said the meeting to start developing the Green Climate Fund, which had been postponed over disagreements about who should attend, would be held in in the Mexican capital on 28 and 29 April.
Climate talks in December had committed rich countries to finance US$100 billion a year in climate aid for poor countries from 2020.
That was one of the modest goals achieved during the last major climate summit, which failed to end in a binding deal to limit greenhouses gases. 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.