17 November 2014
With the planet and its people facing serious security, developmental and environmental challenges, G-20 countries possess not only the political power to set us on a better course, but a political responsibility to do so, UN Secretary-General Ban Ki-moon said in Brisbane, Australia. He highlighted the need for global action in three critical areas: promoting inclusive growth and decent jobs, meeting the climate challenge, and providing financing for sustainable development. (more…)
Source: UN News Centre | G-20 countries have political responsibility to tackle world's greatest challenges Ban
24 September 2014
Governments, investors and financial institutions pledged on 23 September 2014 to mobilise USD 200 billion by the end of 2015 for low-carbon programmes in developing countries, giving a significant boost to the UN goal of reaching USD 100 billion annually by 2020. (more…)
Source: UN News Centre | Financial sector to help mobilize $200 billion to fight climate change in developing countries
9 May 2012
Negotiations on the amount of money European Union (EU) member states will contribute to the ‘Green Climate Fund’ after 2012 (for the period 2013-2020) have been unsuccessful so far. In light of the economic crisis, some of the EU member states argue against any firm commitment to contribute to the Climate Fund after 2012.
The Green Climate Fund was established by international agreement within the framework of the UN Framework Convention on Climate Change (UNFCCC), aiming to provide financial support for developing States to cope with the effects of climate change. Although the aim of this fund was to raise up to 100 billion dollars a year by 2020, the EU member states have merely given a clear pledge for funding until the end of 2012.
Source: Reuters | EU nations get cold feet over climate change fund