UN Secretary General Calls for $100B Green Climate Fund

By:  Brian Koenig
11/16/2011
       
UN Secretary General Calls for $100B Green Climate Fund

United Nations Secretary General Ban Ki-moon called on world leaders Monday to collaborate in financing a multibillion-dollar fund to combat global warming. Speaking at a conference in Bangladesh’s capital, Mr. Ban said global efforts must be taken to establish a $100 billion Green Climate Fund dedicated to taming the "damaging" effects of climate change, and that the global economic crisis should not hinder such efforts.

"The aim of this conference is to get the nations who are disproportionately affected by climate change, the most vulnerable nations, to come together and speak with one voice," asserted Bangladesh's environment secretary Mesbah ul Alam. "Climate change is real and it is affecting us now — we live with floods, with climate refugees, with rising salinity in our coastal areas and with the impact of rising sea levels."

 

United Nations Secretary General Ban Ki-moon (photo) called on world leaders Monday to collaborate in financing a multibillion-dollar fund to combat global warming. Speaking at a conference in Bangladesh’s capital, Mr. Ban said global efforts must be taken to establish a $100 billion Green Climate Fund dedicated to taming the "damaging" effects of climate change, and that the global economic crisis should not hinder such efforts.

"The aim of this conference is to get the nations who are disproportionately affected by climate change, the most vulnerable nations, to come together and speak with one voice," asserted Bangladesh's environment secretary Mesbah ul Alam. "Climate change is real and it is affecting us now — we live with floods, with climate refugees, with rising salinity in our coastal areas and with the impact of rising sea levels."

Delegates at a climate change conference beginning November 28 in Durban, South Africa, are to consider options to raise $100 billion a year for the fund, which was established last December to aid countries reportedly most affected by climate change. "Governments must find ways — now — to mobilize resources up to the $100 billion per annum pledged," Ban professed. "An empty shell is not sufficient."

Representatives of about 20 countries in the Climate Vulnerable Forum (CVF), a global partnership of nations "disproportionately affected by global warming," are meeting for two days in Dhaka to form an agenda to curb the effects of global warming in nations with heightened socio-economic and environmental vulnerabilities.

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