World leaders could make significant progress toward a climate fund for developing countries when the United Nations Climate Change Conference (UNCCC) resumes talks in Tianjin , China.
As the latest round of UNFCCC talks on climate change draw to a close today, Oxfam warns that there has been a clear lowering of expectations ahead of the next UN climate summit in Cancun which will stall the progress needed unless negotiations step up several gears.
Soros’ proposal shows exactly the kind of ambition and urgency we need to see from rich country governments themselves. These kinds of long-term public resources are desperately needed so that poor countries can count on regular, and large payments to help them fight climate change.
The European Union is rumored to be preparing just a token handout for climate action in poor countries for the next three years, with no guarantee that this money is going to come on top of existing aid commitments.