UN appoints leaders panel to secure climate action finances
May 20, 2019 7:54 am
The United Nations Secretary General Antonio Guterres says work is underway to ensure climate action has the financial resources its needs.
In Fiji last week as part of a historic Pacific tour to build consensus on the need for stronger action, the UNSG revealed that already a high level panel has been appointed to find the money.
Guterres says the high level panel consists of the President of France, the Prime Minister for Jamaica and the Emir of Qatar who have been tasked to secure the financial commitments that were made in Paris in 2015.
“To be able to clarify how the $100 billion that from 2020 that was promised to the developing world in relation to mitigation and adaptation can be effectively mobilized. On the other hand, we are very strongly engaged in dialogue with the Green Climate Fund, in order not only for its replenishment to be possible but also for it to be more friendly in the way it handles the situations of projects, namely projects in the Pacific.”
Meanwhile the UNSG is also pleading with financial institutions responsible for climate funds to ensure it’s more accessible.
“It’s not enough to have money available, it’s essential to have access to that money and small countries with small administrations need simplified procedures in order to be able to have access to the money that is available. We can have hundreds of billions, but if you are not, if you do not have simplified procedures to allow for a $100 000 project to be implemented, we’ll be in troubles.”
The UN as part of the General Assembly in September will convene a climate action summit which is expected to accelerate the fight on climate change.