Directing funding to green sector is needed, says expert

Governments across the world need to implement more preferential policies to direct investment from the private sector into climate-resilient development to provide the funding needed to curb global warming, said a senior official from the United Nations Environment Programme.

Niklas Hagelberg, coordinator of UNEP's climate change subprogram, said that how developing countries will be supported financially to address their challenges will be one of the most discussed topics in negotiations at a UN conference on climate change taking place in Katowice, Poland, until Dec 14.

Developed countries pledged in Copenhagen in 2009 to support a $30 billion "Fast Start" fund from 2010 to 2012, and scale up the aid to $100 billion a year by 2020.