Climate change: G20 wants financing out of UN talks

If the logjam on Kyoto and a legally binding long-term treaty were not enough to throw Cancun talks into disarray, the G20 has now stepped in to strip the UN Framework Convention on Climate Change further of any substantial worth.

The G20 has told member countries that the issues of financing climate change action be taken out of the UN talks and be handed over to them. The move could further demolish the consensus-driven process within the UN talks and potentially rob the climate change convention of any worth to the developing countries that have seen little real money despite commitments and promises by the rich countries.

The G20 has asked member countries that they allow the finance ministries under the aegis of this umbrella devise the Green Fund that the Copenhagen Accord had envisaged.

Climate change: G20 wants financing out of UN talks - The Times of India