Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-09-Speech-1-219-000"

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"en.20110509.23.1-219-000"2
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". Madam President, I wish to comment on the need to safeguard the transparency and efficacy of the Climate Fund. One of the most tangible results of negotiations on climate change in CancĂșn was the agreement on a Green Climate Fund, with unprecedented financing in the order of USD 100 billion. While the transitional committee set up within the framework of the UN is preparing the final form of the Fund, so that it can obtain a final seal of approval in Durban at the end of the year, questions relating to the design of this unique and extremely important instrument remain unanswered. The Fund must be a carefully designed vehicle that will provide effective financing for adjustment to climate change in the developing world. However, both the recent criminal attacks on the Community emissions trading system (EU ETS) and the information in the recent report by Transparency International on corruption in climate funding are causes for concern, not only because huge amounts of money are at risk, but also, more importantly, because a global fight which, unlike others, may not be open to repeat efforts, is at risk."@en1
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