Ahluwalia on UN advisory panel on climate change financing

Deputy Chairman of Planning Commission, Montek Singh Ahluwalia, is among 19 members chosen by

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UN chief Ban Ki-moon for a high-level advisory group on Climate Change Financing tasked with mobilising funds pledged during the Copenhagen meet to tackle global warming.

Apart from Ahluwalia, philanthropist George Soros and British academic Nicholas Stern are among the members of the the body co-chaired by UK Premier Gordon Brown and his Ethiopian counterpart Meles Zenawi.

President of the Republic of Guyana Bharrat Jagdeo and Norwegian Prime Minister Jens Stoltenberg are also part of the group, whose other members include diplomats, bankers, businesspersons and philanthropists.

The Copenhagen Conference on Climate Change in December last year had failed to produce a legally-binding treaty.

Instead, it settled for the Copenhagen Accord, whose key elements included a limit of 2 degree rise in global temperature; USD 100 billion in long-term financing to developing countries and USD 30 billion in short-term financing to the poorest and most vulnerable nations.

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