Ban Ki-moon, United Nations Secretary-General, set up a high level advisory panel last week to help in mobilizing money to developing nation to assist in battling climate change.
Lead by Gordon Brown, Prime minister of Great Britain, and his Ethiopian counterpart, Meles Zenawai, the panel aims to “mobilize the resources for climate change pledged at the recent climate change conference in Copenhagen” Ban told reporters.
The UN boss says the group will seek to marshal new and innovative resources to reach a 100-billion-dollar target to fund 2020 to fund “adaption, mitigation, technology development and transfer, and capacity building in developing countries with a priority for the most vulnerable.”
Ban said the composition of the panel would be announced shortly and indicated he planned to ask Guyana’s President Bharrat Jagdeo and Norwegian Prime Minister Jens Stoltenberg to join.
The secretary-general, who was linked by video conference with Brown and Meles, said he expected the panel to deliver a preliminary report at the May-June meeting of the UN Framework Convention on Climate Change (UNFCCC), which provides a planetary arena for tackling climate change.
“Finance for adaption and mitigation and transfer of technology are of central significance for developing countries in general and the poor and vulnerable countries in particular,” the Ethiopian premier said from Addis Ababa.
Meles said while the funding provisions of the Copenhagen accord fell below the expectations of many in the developing world, “they have nevertheless been welcomed by most of our leaders as exemplified by the endorsement of the accord by the recently concluded summit of the African Union.”
“The 100 billion has to start flowing soon. Poor countries desperately need this money to cope with a changing climate and reduce their emissions, and rich countries need to show that they can be trusted to deliver on their promises of climate action,” said Robert Bailey, adviser with Oxfam.