British, Ethiopian PMs, UN meet over $100 billion ’climate fund’ PDF Print E-mail

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Thursday, 01 April 2010 13:29
London (United Kingdom) The first meeting of the UN-instituted ’climate fund group’, kicked off in London with Britain offering to sign a new Kyoto Treaty as developing countries’ demand ; urging those nations to play their parts by enshrining their commitments to tackling global warming in international law.
The move came as the British Prime Minister Gordon Brown and his visiting Ethiopian counterpart Meles Zenawi, held prolonged talks, on Wednesday, with billionaire financier George Soros, United States president Obama’s economic adviser Larry Summers ; as well as other renown economists and finance ministers ; aimed at finding ways to raise £20bn a year immediately to enable developing countries to adapt to climate change...
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The high-level advisory group on climate change financing, convened by United Nations Secretary-General Ban Ki-moon and chaired by Prime Ministers Brown Meles Zenawi, will consider at least six ways of raising $100 billion a year by 2020 ; and $1trilion for climate change adaptation.