U.N. Climate Change Panel Unveiled

UNITED NATIONS, Feb. 12 (UPI) — British and Ethiopian officials lead a panel called to help find financing for developing countries’ fight against climate change, the United Nations said.

The Advisory Group on Climate Change Financing will be charged with developing practical proposals to boost short- and long-term financing for mitigation and adaptation strategies in developing countries, U.N. Secretary-General Ban Ki-moon said Friday in a news release issued from New York.

Ethiopian Prime Minister Meles Zenawi and British Prime Minister Gordon Brown will head the group.

Among the objectives in the Copenhagen Accord reached at December’s U.N. conference in the Danish capital is to jump-start immediate action on climate change, raise $100 billion annually by 2020 and guide negotiations on long-term action.

“There will be an even balance between developing and developed countries” in the new Advisory Group on Climate Change Financing, Ban said, stressing the need for speed: “Developing countries need to move as quickly as possible toward a future of low-emissions growth and prosperity.”

The panel’s other members, whose names will be announced soon, will be appointed for 10 months, Ban’s office said.

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One Response to “U.N. Climate Change Panel Unveiled”
  1. Berhanu Haileselassie says:

    Britain and Ethiopia play crucial role in green agenda as part of taking full responsibility to implement the mitigation measures proposed in ACCORD-15. Their efforts have been getting due supports from many African countries. In response to complement the role being played by two countries, the participation of the private sectors, & financial institutions are important to pull their resources for investing in environmental businesses. In fact pulling resources in the face of global financial crisis has been becoming uneasy, but some sort of innovative financing schemes shall require to put in place.

    We hope, the two countries will be doing their efforts as part of designing sustainable innovative financing mechanism in a way to create an enabling environment for more participation from private sector.

    BAGER SAFE ENVIRONMENT FOR HEALTH SERVICES PLC is a business institution being committed the efforts of the country.

    Berhanu Haileselassie
    Managing Director


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