Climate finance in the spotlight in Geneva

02 September 2010

On the invitation of Switzerland and Mexico, representatives from the UNFCCC and over 40 countries met in Geneva today for a two-day meeting with the intent of bridging divergent views on how to finance climate mitigation and adaptation actions in developing countries. Finance is one of the key issues in the ongoing negotiations under the United Nations Framework Convention on Climate Change (UNFCCC) and will be a critical issue at the sixteenth Conference of the Parties (COP 16) in Cancún, Mexico in December 2010. Cancún represents an especially important meeting as the first COP - the only place where official decisions can be made on the FCCC - since Copenhagen.
The Geneva Dialogue on Climate Finance will be chaired by Swiss Federal Councillor Moritz Leuenberger and Patricia Espinosa, Mexican Foreign Secretary and Chair of the COP in Cancun. The discussions will be focused on the role of the new climate fund, as established by the Copenhagen Accord, improving oversight and coordination of public financing for climate change and the role of the private sector in long term climate financing.
The Dutch Government also launched its highly anticipated website on Fast Start Finance during the Geneva Dialogue. The site hopes to provide transparency on the delivery of the $30bn pledged by developed countries in the Copenhagen Accord for developing countries' mitigation and adaptation actions. Tineke Huizinga, Dutch Minister of Environment and Spatial Planning, is presenting the website.

On the invitation of Switzerland and Mexico, representatives from the the United Nations Framework Convention on Climate Change (UNFCCC) secretariat and over 40 countries met in Geneva today for a two-day meeting with the intent of bridging divergent views on how to structure and finance climate mitigation and adaptation actions around the world. Finance is one of the key issues in the ongoing negotiations under the UNFCCC and will be a critical issue at the sixteenth Conference of the Parties (COP 16) in Cancún, Mexico in December 2010. Cancún represents an especially important meeting as the first COP - the only venue for making official decisions on the UNFCCC - since Copenhagen.

The discussions will be focused on the role of the new climate fund, as established by the Copenhagen Accord, improving oversight and coordination of public financing for climate change and the role of the private sector in long term climate financing. At the meeting, the Dutch Government is also launching its highly anticipated website on Fast Start Finance (FSF). The website is intended to provide transparency on the delivery of the $30bn pledged by developed countries in the Copenhagen Accord for developing countries' mitigation and adaptation actions.

The Geneva Dialogue on Climate Finance will be chaired by Swiss Federal Councillor Moritz Leuenberger and Patricia Espinosa, Mexican Foreign Secretary and Chair of the COP in Cancun. Tineke Huizinga, Dutch Minister of Environment and Spatial Planning, is presenting the Dutch FSF website.

Tags:

facebooktwitterrsslinkedin

Registration

Registrationbanner

HOTSPOT Subscription




Member Login