The National, Monday 05th December 2011
PAPUA New Guinea has called for the Green Climate Fund to include a dedicated window for reduced emissions of deforestation and forest degradation and a new market mechanism.
This is to be established and shared by both the working group on further commitments for Annex 1 Parties under the Kyoto Protocol and the working group on long term cooperative action under the convention.
The Green Climate Fund is one of the key agreements at Cancun last year intended to provide financial support of US$100 billion (K212.31 billion) annually by 2020 to help developing countries combat climate change and adapt to its impacts.
The Kyoto Protocol is an agreement under which a group of developed nations made a legally binding commitment to reduce carbon emissions but which still remains in doubt.
During three sessions attended by PNG delegates, participants heard statements from negotiating groups and gave preliminary consideration to the agenda items under these bodies.
In addition, contact groups and informal consultations began on a range of issues.