Paris - Morocco’s Environment Minister, Hakima El Haite, called for formulating innovative financing for programs of adaption to climate changes.
Paris – Morocco’s Environment Minister, Hakima El Haite, called for formulating innovative financing for programs of adaption to climate changes.
“We should innovate. There are not only green funds and adaptation funds. We should mull a smart means to make sure that countries do not pollute,” the minister said at a side event held by Morocco on “climate financing and green investment.”
After recalling the long debates on the proposed amount of 100 billion Dollars by 2100 and all the reluctance that this proposal aroused, she invited finance experts to explore new financing tools.
Developed countries have pledged in Copenhagen in 2009 and in Cancun in 2010, to jointly raise 100 billion dollars annually by 2020 to help developing countries face effects of climate change.
“In Morocco, we want finance experts to think of a new means and new tools,” she insisted.
The meeting is held on the sideline of the COP21, the international conference of parties to the UN convention on climate change, held in the Paris suburbs from November 30 through December 11.
MWN with MAP