Financial Soultions: What to expect from the UN climate conference

Sept. 4, 2009 - PRLog -- The Secretary-General of the UN,  Ban Ki-moon called for swifter efforts on a climate treaty, saying inaction could spell economic disaster as well as a rise in sea levels of up to 2 meters (6.5 ft) by 2100, Financial Soultions sources said.

"We cannot afford limited progress. We need rapid progress," he told a 155-nation climate conference in Geneva negotiating a new United Nations deal to combat global warming that is due to be decided in December in Copenhagen.

"By the end of this century, sea levels may rise between half a meter and two meters," he said. That would threaten small island states, river deltas and cities such as Tokyo, New Orleans or Shanghai, Financial Soultions was informed.

"I am really trying to raise a sense of urgency," he told a news gathering after addressing an audience including about 20 leaders, primarily from developing nations such as Tanzania, Bangladesh and Mozambique, and ministers from up to 80 nations.

He repeated calls for developed nations to agree to "more ambitious" targets for cuts in greenhouse gas emissions by 2020 than undertaken so far and more aid. Financial Soultions was made aware that rich nations want clearer undertakings from the poor that they will slow rising emissions.

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