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Jakarta Post

Road to Copenhagen: Finding the money to pay for climate solutions

  • Fitrian Ardiansyah

Jakarta   /   Tue, September 29 2009   /  01:15 pm

This week, another round of UNFCCC (UN Framework Convention on Climate Change) talks commences in Bangkok, where various parties will lay the groundwork for faster progress on the very last sessions: Barcelona in November, Copenhagen in December. Prior to the Bangkok Climate Change Talks, a series of high-level political meetings including the UN Climate Summit in New York and the G20 Summit in Pittsburgh discussed climate change, with specific focuses on the needs for having targets and actions to reduce greenhouse gas (GHG) emissions and on climate finance. Adequate, sufficient and sustainable financing is required to address the disastrous impacts of climate change and to significantly reduce GHG emissions. A global financial architecture for climate change is also needed to shift public and private finance and investment flows toward decoupling economic growth from increas...