Yvo de Boer, the outgoing executive secretary of the United Nations Framework Convention on Climate Change, said the pledge to raise USD30 billion for three years is “not an impossible call” despite the harsh economic situation in Europe.
Furthermore, he stressed that delivering on the funding promises “will establish greater trust” between rich and poor nations.
The next round of talks on the draft of a new international climate treaty will be held in Bonn, Germany, from May 31 to June 11. Another conference will take place in Cancun, Mexico, at the end of the year, where negotiators must focus on a “concrete and realistic goal,” de Boer said.
“Cancun can deliver if promises of help are kept and if promises to compromise are honored in the negotiations,” he added.
Donor countries pledged to prop up aid from the initial USD10 billion a year to USD100 billion by 2020, but de Boer noted that it is still vague as to how such funds will be pooled by donors.