Cancun, Mexico, Dec 2. -Cuba insisted on taking advantage of the positive lessons of the Adaptation Fund under the Kyoto Protocol in the design of new financial mechanisms for climate change, although still in the process of maturation.
The lessons of the fund must be taken into account in two main directions, the first one aimed at achieving a balanced and equitable representation, which encourages the appropriate involvement of developing countries, said Orlando Rey, director of Environment of Ministry of Science, Technology and Environment of Cuba.
Underdeveloped countries are the most vulnerable to climate change, not only in environmental terms, but also economic and social, said the Cuban delegate at the plenary session of the Conference of the Parties to the Kyoto Protocol as part of UN climate summit in Cancun, which develops its third day Wednesday.
The second lesson of the fund are the mechanisms developed for quicker access to the resources and adaptation to climate change, Rey said.
According to Rey, Cuba supports calls to strengthen the financial allocations to the fund, according to the growing resource demands that require adaptation needs.
The Adaptation Fund was established in the Kyoto Protocol to finance adaptation projects and adaptation programs in developing countries that are parties to that agreement, and must be funded with two percent of Certified Emission Reduction projects issued by Clean Development Mechanism and other sources of income.
The adaptation includes initiatives and measures to reduce the vulnerability of natural and human systems to the actual or expected climate change. (Prensa Latina)
Cuba is member of the current board of the Adaptation Fund, as one of the two representatives from the Island States.
At the same meeting on Wednesday, Georgia and other nations called on industrialized countries to provide more resources to the fund, while civil society representatives stressed the moral responsibility of industrialized nations, as the most polluting.