Posted On:
November 7, 2010
U.N. Advisory Group Report on Financing to Fight Climate Change
The U.N. Advisory Group on Climate Change Financing has issued a report calling on funding to help developing countries deal with climate change. In a press release issued on November 5, 2010 the report is described as stating that funding must "come from a wide range of sources – public and private, bilateral and multilateral....grants and highly concessional loans were essential for adapting to climate change in the world’s most vulnerable countries."
The report went on to stress the need for action "mobilizing financing will require strong commitments to the goals set by nations to mitigate climate change and the introduction of new public instruments on carbon financing."
