The European Union and other developed nations must deliver on climate aid pledges made to developing countries, the host of the next world summit on climate change in Cancun, Mexico, said on Monday. But the pledges might not be enough to win agreement on a binding international treaty at the Cancun talks in November, Mexico’s Environment Minister Juan Rafael Elvira Quesada acknowledged. Elvira was referring in particular to the 10 billion dollars per year the EU, the United States and Japan promised to give as ‘fast track’ funding for 2010-2012 as part of the deal reached at global talks in Copenhagen last December.
“The developing world needs to see clear signals to have something in their hands at Cancun,” Elvira said in Brussels, where he met EU environment ministers.
He also said that a London meeting in April of the United Nations panel set up to mobilize long-term climate aid will be “really important to show what is happening on financial transfers to the developing world.”
The EU has offered to contribute 10 billion dollars a year over the next three years towards a fund to help poor countries cope with global warming. The bloc’s finance ministers are expected to confirm the commitment when they meet in Brussels on Tuesday.
Spain’s environment minister, Elena Espinosa, said after meeting Elvira that he had made “a point which we think is justified.”
“The EU has made undertakings to less developed countries; all that remains to do is to come up with a clearer, more appropriate timetable,” she said.
The Spaniard said she hoped for a “binding instrument” of agreement in Cancun.