GREEN FUND
The Mexican proposal to create a Global Fund to Fight Climate Change Fund (Green) is not intended to replace, remove or replace the Kyoto Protocol, but give it more strength, dynamism and generate more action in every country in the world, said Secretary of Environment and Natural Resources, Eng. Juan Rafael Elvira Quesada.
He noted that the Green Fund aim is to expand the participation of all countries that carry out actions to promote clean development as well as to support, financially and technologically, global warming mitigation and adaptation measures. A first fund would be at least one billion dollars.
In press conference, the Secretary recalled that the creation of this fund was a proposal put forward by President Felipe Calderón, during the Americas and the Caribbean-European Union Fifth Summit , which took place in Lima, Peru, and reiterated that they will raise visibility in all international forums, since the challenge is to design a mechanism to cope with the need to implement measures for mitigation and adaptation.
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