The United Nations has rescheduled a 40-nation meeting that would have commenced the designing of the $100 billion green fund agreed upon at the climate change summit in December.
The talks now will happen in the latter part of April, effectively missing the deadline – end of March 2011 - set during the Cancun talks, Reuters notes.
The United Nations Framework Convention on Climate Change Secretariat, in a statement sent to Reuters, said it will provide further details on the rescheduled meeting “soon.”
As reported by Devex, delegates have indicated the lack of consensus among Asian, Latin American and Caribbean nations as to which region will assume early influence in designing the fund, making it unlikely for details of the facility to be ironed out by the March 14-15 talks.
>> Work on Green Fund Set to Miss March Deadline
Read more development aid news.