Countries are likely to agree on the creation of a climate change fund as they meet for the latest round of talks this week in China, the U.N.’s climate chief has noted.
“I think there’s a pretty good chance that the governments will agree on the creation of the fund,” Christiana Figueres, the executive secretary of the U.N. Framework Convention on Climate Change, told Reuters.
Figueres said she hopes the ongoing talks in Tianjin, China, will produce specific agreements for a future climate change pact, including on the development of green technology and management of adaptation funds for developing countries, Reuters reports.
More than 177 climate change negotiators from around the world are meeting in Tianjin, China this week for the final round of talks before a major U.N.-backed climate change conference in Cancun, Mexico.
In previous informal talks in Geneva in early September, climate change negotiators already explored the possibility of creating a green fund at the Cancun conference. Representatives from 50 countries explored how to mobilize the USD100 billion annual climate change financing that rich countries pledged to give to developing countries starting 2020.