Talks on 'Green Climate Fund' postponed

A first meeting to set down the ground rules of a fund to channel hundreds of billions of dollars to poor countries exposed to climate change has been postponed until the second half of April, a UN official said on Thursday.

Representatives from 40 countries had been scheduled to meet in Mexico City on March 14 and 15 for the maiden meeting of a panel designed to breathe life into the Green Climate Fund (GCF) established last December.

A spokesman for the UN Framework Convention on Climate Change (UNFCCC) told AFP by phone from Bonn that the meeting had been postponed "until the latter part of April." In Cancun, Mexico, the 194 parties of the UNFCCC agreed to establish the GCF, which would have a board of 24 members chosen evenly from developed and developing nations. The task of drawing up the fund's terms of reference has been entrusted to a transitional committee of 25 developing and 15 developed countries.

Source: Yahoo! News