Green Fund among Climate Event Issues

Panama, Oct 3. -The Green Fund for financial support to mitigate the negative effects of the climate is the focus on Monday the third day of sessions of the 3rd UN Convention on Climate Change.Venezuelan representative Claudia Salerno, on behalf of the member countries of the Bolivarian Alliance of the Peoples of Our America (ALBA), demanded for concrete results and transparency in the creation of such fund.

Our challenge towards Durban, South Africa, should be implementing the Bali Action Plan without delay and call on members of the Transition Committee for the Green Fund to inform the Convention the results of their work till now.

The request by the Venezuelan delegate, who also made it on behalf of Bolivia, Cuba, Ecuador, Nicaragua and Dominica, fell on deaf ears, judging by subsequent statements by the Convention's executive secretary Christiana Figueres.

Figueres said in a news conference that this is one of the issues postponed of four pending of analysis at the Cancun Summit, although stated that the 40-member Transition Committee works in training the "structure" of that financial mechanism.

We have already met three times and the last meeting is scheduled for October in South Africa, but admitted there are still some details to establish the kind of relation between the fund and the Conference of the Parties (COP-17), and especially the definition of the amount and destiny. (Prensa Latina)