Jagdeo to Lead in Marshaling Climate Change Fund

GEORGETOWN, Guyana, CMC – President Bharrat Jagdeo is to join his counterparts from Ethiopia, Norway and the United Kingdom to mobilise US$100 billion in annual finance to help developing countries to combat climate change.

The Government Information Agency (GINA) said the establishment of the advisory group at the request of United Nations Secretary General Ban Ki-moon builds on the Copenhagen Accord, which was agreed by most of the world’s countries at December’s climate change conference in the Danish capital.

“President Jagdeo and the three Prime Ministers will be joined by 16 global experts and leading policy-makers from the world’s major economies,” a GINA statement said.

It added that Larry Summers, the Director of President Obama’s National Economic Council; Lord Nicholas Stern, Author of the Stern Review on Climate Change; Caio Koch-Weser, the Vice- Chairman of Deutsche Bank, and George Soros, the venture capitalist. Senior Government representatives from China, India, Mexico, Australia, South Africa, Singapore, Mali, Brazil, Australia and France will also contribute.UK Prime Minister Gordon Brown said that the group would take on “the task that I believe is the most important we face – combating climate change by ensuring that the poorest countries have the finance necessary to do so. If we can resolve this problem then I believe many of the other challenges of climate change can also be solved”. A statement issued by the UN Secretary General’s Office said: “…the group will develop practical proposals on how to significantly scale-up long-term financing for mitigation and adaptation strategies in developing countries.”

The group is expected to meet in London within the coming month, and will conclude their work before the end of 2010, GINA said.

NY CARIB NEWS HEADLINES - Click On The Link Below To Read Story

1. Possibility of Another Foreclosure Epidemic

2. No Confidence Opposition Moves to Oust T & T PM

3. Civilian Employees Arrested on Drug Charges

4. Mobilizing the Community

5. A Friend of the Caribbean on Capital Hill

6. Plan Unity March Against British Rule

7. Educated, Hard-Working And Mostly Female

8. The Media and Republicrats

9. Row Erupts Over Premier’s Decision to Attend CARICOM Meeting

10. Oldest Political Party on the Comeback Trail

11. The CARICOM Intersessional Meeting, March 11-12

12. UDECOTT Chairman Resigns

13. Trinidad PM Reiterates Ideals of Commonwealth Grouping

14. Austerity A Must For Barbados

15. Mathieu Eugene: No Quick Fix For Haiti. Reconstruction

16. Bajan Soldiers and Coast Guard Officers

17. Jagdeo to Lead in Marshaling Climate Change Fund

18. Carib News’ Victim of Tainted Investigation