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The panel also includes billionaire George Soros, White House economic adviser Lawrence Summers, the president of Guyana and ministers from Britain, France, Mexico, Singapore and South Africa.

UN eyes private help in $100 billion climate aid

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- News on the Net  Wednesday, July 14, 2010
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By JOHN HEILPRIN (AP)

UNITED NATIONS — A pledge by rich nations in Copenhagen to provide as much as $100 billion a year of climate-related aid to developing countries by 2020 may depend in part on the generosity of private donors and other non-governmental sources.

Secretary-General Ban Ki-moon said Tuesday that his panel of advisers — seeking ways to fulfill a U.N. climate summit’s pledge in the Danish capital last December — was considering private sources to deliver some of the aid promised to help developing countries deal with rising sea levels, drought and other effects of rising temperatures.

The panel chaired by prime ministers Meles Zenawi of Ethiopia and Jens Stoltenberg of Norway have been meeting this week to devise ways to set up a $30 billion annual fund by 2012 that would increase to $100 billion a year by 2020.

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Pursuant to Title 17 U.S.C. 107, other copyrighted work is provided for educational purposes, research, critical comment, or debate without profit or payment. If you wish to use copyrighted material from this site for your own purposes beyond the 'fair use' exception, you must obtain permission from the copyright owner.

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