Monday, March 1, 2010

Money to Be Biggest Issue At Mexico Climate Summit

A much-needed legally binding agreement on commitments to reduce greenhouse gas emissions will apparently not be the focus of the next major round of global climate change talks this year.

Rather, money, specifically that which will flow from rich countries to poorer countries, is likely be the focus of discussions when representatives of 180 countries meet for the 16th Climate Change Conference in Cancun, Mexico, in November.

Minister for the Environment Gusti Muhammad Hatta said in Bali on Friday that there was little chance of reaching a legally binding agreement during the Mexico talks.

“ [The conference] won’t be setting up a high target for a legally binding [result] because it’s going to be a difficult one to achieve, but we will want to make sure the talks go down effectively with specific issues, such REDD [Reducing Emissions from Deforestation and Forest Degradation plan] and even financial issues,” he said.

Posted via web from Cancun Mexico News

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