At a fiery climate meeting in sweltering Cancun yesterday, President Bharrat Jagdeo urged that US President Barack Obama read a recent report on climate aid, according to the Washington Post.
Speaking at the same avoided deforestation forum where he lambasted Norway and the World Bank over US$30M that is still to be disbursed around a year after, Jagdeo urged a White House aide present at the meeting to ensure that Obama read the report by the UN task force on climate aid.
Turning to White House aide Joe Aldy, Jagdeo urged him to get President Obama to read the recent report by the U.N. task force on international climate aid which said the industrialized world will only be able to mobilize US$100 billion a year in aid to poor nations if the world put a price on carbon ranging between US$20 and US$25 per ton. Current market prices are far below this.
“Could you please give President Obama a copy of that executive summary?” he asked, according to the Washington Post.
In an interview, Jagdeo said that Aldy told him afterward that he would make sure Obama looked at the document.
The Post added that Andrew Deutz, director of international government relations for The Nature Conservancy, said any avoided deforestation agreement out of the Cancun summit could help expand the flow of dollars to rainforest nations by giving “economic value to standing forests and give confidence to investors and funders to save forests.”
But it won’t create an immediate flow of money, he cautioned: “Now the hard work begins to figure out how to pay people to save forests”, he said, according to the Post.
