$30 B Committed by Industrialized Countries for Climate Change Action
UNITED NATIONS, New York - The fight versus global warming is gaining headway with the industrialized countries committing funding of $28 billion to $30 billion to fast-start actions in mitigating climate change menaces.At a press conference at the UN headquarters, Christiana Figueres, newly-appointed executive director of the United Nations Framework Convention on Climate Change (UNFCCC), noted that governments "are converging on a need to mandate full set of ways and means to launch a new wave of global climate action." The "golden key" to trust-building efforts, she said, will be the summit in Cancun, Mexico which shall run from November 29-December 10 this year.Looking forward to the Cancun conference, the United States has advanced word on its commitment to support moves at finally reaching a legally-binding treaty that will hold countries on their obligation to cut back on their carbon emissions that contribute to global warming."As we combat the spread of deadly weapons, we are also confronting the specter of climate change," US President Barack Obama noted at his address at the 65th UN General Assembly, stressing further that the "power of clean energy" will be the world's most …
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Publication information: Article title: $30 B Committed by Industrialized Countries for Climate Change Action. Contributors: Not available. Newspaper title: Manila Bulletin. Publication date: September 27, 2010. Page number: Not available. © 2009 Manila Bulletin Publishing Corp. COPYRIGHT 2010 Gale Group.
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