"International Banks Join to Support Strong Climate Deal"

"The heads of the world's largest international financial institutions today called for a comprehensive agreement to combat climate change at this month's United Nations conference in Copenhagen and agreed to further coordinate their own efforts to help achieve the meeting's ambitious goals.

In a joint statement, the financiers called for governments to agree on an 'ambitious, comprehensive, and equitable global climate change regime that enables all countries to achieve sustainable development along climate-resilient and low greenhouse gas emission-intensive paths.'

They pledged to use their own organizations' mandates, expertise and resources to help authorities combine with the private sector to confront the challenges of climate change and to make the best possible use of available financing.

The heads of the African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Inter-American Development Bank, World Bank Group and International Monetary Fund committed their organizations to the use of technical assistance and funds to further support their environmental goals. "

Environment News Service had the story December 2, 2009.

See Also:

"Big Developing States Reject Copenhagen Climate Plan" (Reuters)

"UN Climate Head Eyes Copenhagen Aid Deal" (AFP)

"U.S. Proposes Climate Fund for Poor Nations" (ClimateWire)

"John Kerry Seeks More U.S. Climate Funds For Poor Nations" (Reuters)

"Brazil Wants Limits on Tropical Trees for CO2 Credits" (Bloomberg)

Thursday, December 3, 2009