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UN for working together on matters of finance and adaptation

The UN has asked countries to work together to take action on matters of finance and adaptation and define a clear pathway for achieving the goal of USD 100 billion per year by 2020 in support of developing countries.



Lima: The UN has asked countries to work together to take action on matters of finance and adaptation and define a clear pathway for achieving the goal of USD 100 billion per year by 2020 in support of developing countries.

"This is not the time for tinkering - it is a time for transformation," said UN Secretary General Ban Ki Moon in his opening statement as climate talks heated up here on Tuesday.

He called on countries that have not yet announced contributions to the Green Climate Fund to do so with ambition and urgency to "clearly define a pathway to achieving the goal of 100 billion dollars per year by 2020 in support of developing countries."

Ban also called on the private sector to make firm commitments towards the USD 200 billion it had promised to combat climate change at the September Climate Summit.

He said at the Climate Summit in New York in September he asked for parties from industry, government, finance, and civil society to work together on the Paris 2015 agreement and make progress on five key points while in Lima the rest of this week.

"The more we delay, the more we will have to pay," Ban said.

"The world is waking up" but countries need to "scale up and catalyse" while working together in Lima, he added.

A common understanding on the intended nationally determined contributions (INDCs) was also a request as India and other developing countries demand more adaptation focus and the debate on a review process is split.

Ban also urged inclusion of a "loss and damage" provision to help the world's least developed countries and small island developing states so ravaged by the effects of climate weather events that they are past the point of benefiting from even adaptation.

He asked countries to ratify the Doha amendment to the Kyoto Protocol, which would formally establish the second commitment period.

The climate talks are aiming to establish the draft text of a new international climate change agreement to be signed by all countries at the next major talks in Paris in 2015.

The index covers the performance of countries across five areas ? the level of emissions, the trends in emissions, energy efficiency, renewable energy policies and the approach to climate change at national and international levels. PTI

 

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