“To secure sufficient financing of climate actions in developing countries will be decisive in order to reach a new international climate treaty. This group will work to establish well functioning financing systems. I look forward to participating actively in this”, says Prime Minister Stoltenberg.
According to the Copenhagen Agreement reached at the end of the December summit, developed countries will raise up to 30 billion US dollar for the period 2010-2012 and a total of 100 billion dollar annually from 2020. The agreement also stated that countries will work to limit the temperature increase to 2 degrees Celsius, and implement efforts to reduce or limit the emission of greenhouse gases.
The new UN climate group will draw up practical proposals for the financing of emission cuts and adaptation strategies in developing countries. The means will come from the private as well as the public sector.
The group will be chaired by UK Prime Minister Gordon Brown and Ethiopia’s Prime Minister Meles Zenawi. In addition to Stoltenberg members of the group include Guyana’s President Bharrat Jagdeo and ministers and economists from a number of countries. The group’s members represent both developing and developed countries.
The UN climate group will present its final report before the next UN climate summit, in Mexico in December this year.