Hypo Venture Capital Zurich Headlines:Britain’s commitment to climate finance | bloodyhalette | Social-Bookmarking.Net

Hypo Venture Capital Zurich Headlines:Britain’s commitment to climate finance | bloodyhalette | Social-Bookmarking.Net


BRITISH Foreign Secretary William Hague has described climate change as “perhaps the 21st century’s biggest foreign policy challenge”.

He has stressed that “a world which is failing to respond to climate change is one in which the values embodied in the United Nations will not be met”.

Indeed, the UN Charter makes clear that a central purpose of that organisation is to “achieve international cooperation in solving international problems of an economic, social, cultural or humanitarian character”.
Climate change is just such a problem — and its impacts and costs fall disproportionately on developing countries. This is deeply unfair. So it was only right that in Cancun last December, the 16th Conference of the Parties to the United Nations Framework Convention on Climate Change reaffirmed the commitment from developed countries in Copenhagen in December 2009 to jointly mobilise US$100 billion (RM300 billion) a year by 2020 to climate finance to address the adaptation needs of developing countries and help them to limit their carbon emissions.