The establishment of a Green Climate Fund is among the positive outcomes of the recently concluded UN climate talks in Cancun, Mexico, which have helped restore trust between nations and created hope in the negotiations delivering an international climate treaty.
Building on the commitment by developed countries to transfer $100 billion a year by 2020 to developing countries for adaptation and mitigation, the Green Climate Fund will be key for channeling such funds to developing countries.
Climate finance is an essential investment for the world’s children, to ensure that there are resources available for them to adapt to the impacts of climate change and grow up in stable, healthy low carbon societies. The Green Climate Fund is key to ensuring this becomes a reality.
Other outcomes of the talks include a reiteration of the need to peak emissions and limit temperature as well as the monitoring, reporting and verification of countries’ promises to take action on emissions.
While there is still much progress to be made to ensure an international climate treaty can be reached in South Africa in December 2011, the Cancun Agreements have shown that this is possible.
The UK and others must build on this momentum to address outstanding issues and make further progress in 2011 in order to secure a climate deal that will help guarantee a safe, clean equitable future for current and future generations.
Read more about the outcomes of the talks on our blog.
