United Nations: Underlining the need to build on the outcome of the climate change conference in Copenhagen, UN Secretary-General Ban Ki-moon has called for "a
realistic result" at the upcoming climate meet in Cancun at the end of the year.
Addressing world leaders at the G20 Summit in Toronto, Ban said it would not be quick or easy to reach a comprehensive global agreement.
But it would be possible to achieve a meaningful, realistic result in Cancun, according to his office.
"The risks and costs of inaction on climate change grow each year. The more we delay, the more we will pay," he said.
After a lengthy process of negotiations in Copenhagen in December 2009, which have been widely regarded as unsatisfactory, the parties could not produce a legally binding treaty and instead agreed to "take note" of the Copenhagen Accord.
Key elements of the Accord included a limit 2 degree rise of global temperature, 100 billion dollars on finance in long term finance to developing countries and 30 billion
dollars to short-term finance to the poorest and most vulnerable countries.
The UN chief said that it was essential for G20 members to recognize publicly, the important outcomes of Copenhagen as the basis on which the UNFCCC negotiations could move forward.
"Hard-won agreements cannot be ignored," he said.
The Accord was produced by 29 countries, but principally drafted by US, China, India, Brazil and South Africa, in the last few hours of the Conference, and was slammed by certain countries including Bolivia, Venezuela, Nicaragua and Cuba for having left the majority of the nations out of the negotiating process.
The Secretary-General encouraged the G20 members to fulfill national mitigation pledges and to be more ambitious and added that industrialised countries needed to fulfill
their climate financing obligations.
Ban also highlighted the importance for concrete progress toward realizing the longer-term USD 100 billion per year pledge made at Copenhagen.
The UN High-level Advisory Group on Climate Change Financing met in London in April for the first time to chalk out a plan of action for the coming months.
The Group has been set up to mobilise the money promised for climate change during the Climate Change Conference in Copenhagen last December.
From India, Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia is part of the 19 member committee.