13 July 2010
Good afternoon, ladies and gentlemen.
I am very pleased to be here with you together with the distinguished co-Chairmen of the High-level Advisory Group on Climate Change Financing, who have been presiding over the second meeting in New York since yesterday and today. In just a few minutes, I will invite the Prime Ministers of Ethiopia and Norway to brief on what they have discussed among the 21 principal members of the Advisory Group on Financing.
As you may remember very well, in Copenhagen last year, the leaders of the world agreed and decided to deliver sizeable financial support to developing countries in their efforts in mitigating and adapting to climate change. And they also agreed on the goal of scaling up support to reach 100 billion dollars per year by 2020, in addition to 30 billion dollars until 2012.
The Advisory Group is seeking to identify the sources of this longer-term financing. These sources must be economically sound, and politically viable.
I have insisted that the Group’s work be transparent, inclusive and ambitious. Yesterday, several Group members met with Member States, civil society and private sector representatives. They had a fruitful exchange, and yesterday evening I also participated myself, from 6 to 10 pm. We had very intensive, very stimulating discussions among the principal members.
I expect that in October, this High-level Advisory Group will provide me with their final recommendations. Their report will feed into the United Nations Framework Convention on Climate Change (UNFCCC) process in time for the next UN climate change conference in Cancun, Mexico.
Climate financing is an investment in a safer, cleaner, more prosperous future for all of us.
Delivering on these pledges is essential. It will strengthen trust between developing and developed countries. And it will be very helpful politically in making this negotiation process go smoothly. It is crucial for building positive momentum in the global negotiations.
Climate change is not going away. The risks – and costs – of inaction grow each year. The more we delay, the more we will have to pay – in lost opportunities, resources and lives.
That is why this High-level Advisory Group is so important. And I really count on the leadership and political wisdom of all the principal members of this Advisory Group, and particularly I am very grateful to Prime Ministers Meles and Stoltenberg for their strong commitment and leadership in leading this very important process as a part of reaching our common goal to address climate change.
Thank you very much, and I would like to first invite His Excellency Meles [Zenawi] of Ethiopia, to be followed by His Excellency Prime Minister [Jens] Stoltenberg of Norway.