Ban Ki-moon emphasized that climate finance is "crucial for unlocking progress in the negotiations and closing the gap in trust."
19 November 2010: UN Secretary-General Ban Ki-moon delivered a speech at the G-20 Working Lunch on Climate Change and Green Growth, in Seoul, Republic of Korea, on 12 November 2010.
Underlining that “every leader in this room has a key role to play; on mitigation, transparency and accountability,” he stressed the need to make progress on all fronts. Ban stated that progress on forests, finance, adaptation and technology cooperation can deliver immediate results, particularly for the most vulnerable. Emphasizing that climate finance is “crucial for unlocking progress in the negotiations and closing the gap in trust,” he called on G-20 developed countries to contribute fairly and transparently to fast-start funding for the 2010-2012 period. He also urged all stakeholders to scale up contributions to meet the $100 billion per year global goal by 2020 and stressed the need for: increased investment in research and development into green technologies and energy efficiency; and accelerated efforts to phase out fossil fuel subsidies. [Ban’s Statement]