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Wednesday, February 20, 2008
UNEP 10th Special Session Monaco Feb 20-22, 2008

Mobilizing Finance For The Climate Challenge

The United Nations Environment Programme's 10th Special Session Governing Council/Global Ministerial Environment Forum will be held in Monaco February 20-22, 2008. The theme of the Session and Forum is "Mobilizing Finance For The Climate Challenge". More than 100 Environment Ministers from around the world, and leading global representatives of industry, science, local government, trade unions and community will attend.

The focus of the Forum and the UNEP Session will be how to mobilize every country to work better together to align their economies to promote the restoration of the Earth's environment. Creating a global integrated financing approach to the climate challenge will ensure a more rapid response to the environmental issues and promote significant worldwide economic growth. The world's Environment Ministers will interact with industry leaders of companies that are very profitable and growing because of their 'green' strategies, and able to deliver products and services that promote sustainability and global reductions in harmful pollutants. The challenge for the Environment Ministers is to scale up this type of company success to the level of an integrated environmental economy in their home countries.

In addition to the large group of Environment Ministers and UN Delegates attending from each country, some of the other key people coming to the Forum are Tulsi Tanti, Managing Director of Indian wind energy company Suzlon, Yvo de Boer, Executive Secretary of the UN Framework Convention on Climate Change, and Juan Somovia, the Director-General of the International Labour Organisation.

The UNEP Session/Environmental Ministers Forum is happening in the same period as the CleanEquity Monaco Conference - also being held in Monaco, which brings together emerging environmental technology companies to discuss inward investment with representatives from some of the largest financial institutions in the world.

The last UNEP meeting of Country Delegates was held in Bali in December 2007 and there is great optimism that this upcoming week in Monaco, will establish a real foundation for financing the environmental restoration of our planet.

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