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Governments must move quickly at this year’s first UN climate change meeting to plug the gaping deficit of funds to help developing countries adapt to climate change and lower their emissions.
At the most recent UN Climate Change Conference in Cancun, Mexico in December 2010, governments saved the global climate negotiations from collapse.
As the latest United Nations climate change negotiations being held in Bonn, drew to a close today, Tim Gore, Oxfam's climate change policy advisor said;
UN climate talks are off the life-support machine, following a last-minute agreement that gives the Kyoto Protocol a lifeline. It establishes a global Climate Fund and, while falling short of the emissions cuts needed, lays out a path to move towards them.
Oxfam response to the Finance section in the LCA text, which Ministers in Cancun are debating today:
Responding to the latest finance text that came out today, international climate change policy adviser Tim Gore said:
Halfway through the Cancun climate talks, negotiators have an opportunity to make real progress on a fair global climate fund and climate finance, said Mary Robinson, former President of Ireland and Honorary President of Oxfam.