Money paid by rich countries to fight global warming will have to “be scaled up” from the $100bn a year on offer, the UN secretary general Ban Ki-moon said today.
Finance is the key, said Ban, to successful negotations on a global treaty to fight climate change, due to conclude at UN talks next month in Copenhagen.
Ban also revealed that he will next week meet all the US Senators involved in deliberations over the energy and climate bill. Agreement on that bill is seen as vital to negotiations, as without it the US team in Copenhagen will have little domestic mandate to agree a deal. The announcement of the personal intervention of the secretary general is a clear sign of the importance of the matter.