Key Countries, Organizations Call For Innovative Sources of Finance

Durban, South Africa – Officials from a diverse set of countries will join civil society leaders to call for innovative sources of finance, including a tax on financial transactions and a fee on emissions from maritime shipping, to be part of a deal in Durban which raises billions of dollars to help fill the Green Climate Fund.

Countries have tabled a draft decision that calls for long-term finance to be raised from innovative sources such as fuel levies to support developing countries as they work to fight poverty and climate change. But they could miss an opportunity to build on the momentum of the G20 summit in Cannes with the implementation of a Financial Transactions Tax, a maritime bunker levy and other such proposals.

The press conference comes as hundreds of organizations including Oxfam, WWF, ITUC, Institute for Policy Studies, Friends of the Earth, and other partners joined together for a day of action to support the most promising sources of funding for the Green Climate Fund.

WHEN: Wednesday 7 December, at 4:30 PM GMT+2

WHERE: Kosi Palm Beach Room, Media Centre of the ICC

WHO: Nathalie Kosciusko Morizet, Minister for Ecology, Sustainable Development, Transport and Housing, Government of France
Zwelinzima Vavi, Secretary General, Congress of South African Trade Unions
Dr. Juan Carlos Alurralde, Vice-Minister of Foreign Affairs, Plurinational State of Bolivia
Deputy Minister Kjetil Lund, Deputy Minister of Norway (tbc)
Government representative from Republic of Bolivia or Zambia (tbc)
Moderator: Tasneem Essop, WWF South Africa/WWF International climate negotiations lead

The press conference will be webcast by the UNFCCC on its LIVE BROADCAST WEBSITE:
http://unfccc4.meta-fusion.com/kongresse/cop17/templ/ovw_live.php?id_kongressmain=201

Contacts:

Elise Buckle, WWF International policy advisor, [email protected] , +41 79 278 48 90
Ben Grossman-Cohen, Oxfam, [email protected]; +27 (0) 81 582 0706
Janet Redman, Co-director, Sustainable Energy & Economy Network, Institute for Policy Studies. [email protected], +27 (0) 13 86 1216
Anabella Rosemberg, ITUC clmate lead, +33 6 77 69 94 29 , [email protected]