Funding to help developing countries address issues of climate change will be one of the key issues discussed in the Cancun climate change conference. According to Euroactiv, the EU will present a fast-start finance report at the talks, showing that in 2010, it mobilised €2.2bn from the promised total of €7.2bn to be delivered over the next three years. The expectation is that other developed countries will follow this EU iniitiative.
The rule on monitoring reporting and verification of emission reductions, and the transfer of technology to developing countries to deal with climate change is also one of the key issues to be discussed, but concrete outcomes will depend on the availability of funds. It seems that the expectations for these talks are much more measured when compared to the excitement of the Copenhagen talks, and this is reflected in the apparently slower number of key political figures traveling to the Mexican resort.
The development of a proposed "Green Fund" which would provide funding for developing countries to confront the challenges of climate change. The kernel idea for the Green Fund has been around since 2008. It is now been endorsed by the International Monetary Fund.
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