Ahluwalia on UN advisory panel on climate change financing -Governance Now

Ahluwalia on UN advisory panel on climate change financing

Group to mobilise funds pledged during the Copenhagen meet to tackle global warming

PTI | March 5, 2010

File photo of Planning Commission Deputy Chairman Montek Singh Ahluwalia

Planning Commission Deputy Chairman Montek Singh Ahluwalia is among 19 members chosen by UN chief Ban Ki-moon for a high-level advisory group on Climate Change Financing tasked with mobilising funds pledged during the Copenhagen meet to tackle global warming.

Philanthropist George Soros and British academic Nicholas Stern are also among the members of the the body co-chaired by UK Prime Minister Gordon Brown and his Ethiopian counterpart Meles Zenawi.

Republic of Guyana President Bharrat Jagdeo and Norwegian Prime Minister Jens Stoltenberg are also part of the group, whose other members include diplomats, bankers, businesspersons and philanthropists.

The Copenhagen Conference on Climate Change in December last year had failed to produce a legally binding treaty.

Instead, it settled for the Copenhagen Accord, whose key elements included a limit of 2 degree rise in global temperature; USD 100 billion in long-term financing to developing countries and USD 30 billion in short-term financing to the poorest and most vulnerable nations.

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