Italian minister: Climate talks include fund governance
ABC News
Government officials and diplomats from the world’s most climate-polluting nations are grappling with the issue of how to govern the vast funds being pledged to fight climate change
MILAN -- Government officials and diplomats from the world’s most climate-polluting nations are grappling with the issue of how to govern the vast funds being pledged to fight global warming, Italy’s climate minister said Friday.
“Paradoxically, I don’t think there is a problem of money. It is more the rules, and the strategy,” Minister for Ecological Transition Roberto Cingolani told The Associated Press.
He spoke a day after participating in a virtual meeting where U.S. climate envoy John Kerry and representatives from two dozen nations and European and U.N. organizations talked global warming together — for the first time since November’s U.N. summit in Glasgow, Scotland.
Cingolani acknowledged the failure of leaders in Glasgow to come through on pledges of $100 billion a year to fight climate change, and said that goal cannot fail at this year's U.N. climate summit in Sharm El-Sheik, Egypt, in November. “That is compulsory,’’ he said.
