UN green climate fund holds talks

2012-08-23 19:20
Mohamad Shinaz, a Maldives climate activist holds a sign reading 'Act Now Save Lives' as he is submerged in water in a 3m perspex tube. (AFP)

Mohamad Shinaz, a Maldives climate activist holds a sign reading 'Act Now Save Lives' as he is submerged in water in a 3m perspex tube. (AFP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Video

VIDEO: Climate change

2012-08-13 07:19

This YouTube video from the Met Office in the UK explains the difference between climate, weather and the factors affecting climate change.WATCH

kalahari.com

  • Climate Change
    Read more about the environmental changes and challenges the world faces. Now R261.00
    buy now
Geneva - Leaders of a UN green fund meant to channel billions of dollars to help developing economies cope with climate change met for the first time on Thursday after months of delays.

The board started its work by electing two co-chairs, Zaheer Fakir of South Africa and Ewen McDonald of Australia.

The 24-strong board began three day talks in Geneva, trying to decide where the fund will be based and other details, officials said. Ways to extract planned new aid from the anaemic economies of rich countries will be left for later meetings.

Developed nations agreed in 2009 to raise climate aid, now about $10bn a year, to an annual $100bn from 2020 to help developing countries curb greenhouse gas emissions and cope with floods, droughts, heat waves and rising sea levels.

Once up and running, the Green Climate Fund is meant to manage rising aid flows. Candidates to host the fund's headquarters are Germany, Mexico, Namibia, Poland, South Korea and Switzerland.

Greener growth

"The Green Climate Fund can be an important tool in the world's common work to prevent climate change," Norwegian Deputy Finance Minister Kjetil Lund, a member of the board, said in a statement on Thursday.

He said developing nations needed aid to spur greener growth that also enables them to cut greenhouse gas emissions, mainly from burning fossil fuels. The fund is part of a wider effort to work out a United Nations deal to combat climate change.

The board's first meeting was delayed by five months because Asian and Latin American nations took longer than expected to agree on their board members.

"The most important thing is selecting the host country," Omar El-Arini, a member of the board from Egypt, said of the Geneva talks. He said that the board was due to report back on the sitting to a UN meeting in Doha in late November.

"I don't think there will be any serious discussion of the $100bn," he added in a phone briefing earlier this week.

Brandon Wu, of anti-poverty campaigners ActionAid USA, noted that US farmers were struggling with drought. But the effects of similar weather "are even more severe in developing countries where there is no crop insurance, no safety nets", he said.

"People living in poverty will suffer most," he said.
Read more on:    climate change
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/News
 

Device lets disabled people talk through their nose

A device that converts nose breaths into speech will open new doors for people with Parkinson’s or motor neuron disease.

 
 

For chic geeks...

It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real
Check out the speed of this robo-cheetah!

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Pre-order your iPhone 6 at kalahari.com

Hurry and pre-order your own iPhone 6 now at SA’s favourite online store!

Bargain box – 60% off

Reduced prices, very limited stock. While stocks last. Hurry and shop now!

Mind blow low prices on electronics

Get either the Prestigio multiphone or Proline tablet 7” tablet for only R699. Offers valid while stocks last. Shop now!

30% off Barbie toys

Save 30% on all Barbie toys and accessories. Offer valid while stocks last. Shop now!

Baby extravanganza month at kalahari.com

Celebrate baby month with a wide range of awesome baby products. Offers valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

You may take extra pride in your work today. You have a need to shine and be respected so you may put the extra effort and TLC...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.