ECO 7, Panama 2011, English version
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ECO is pleased to see the discussions on long-term finance in Panama finishing on a better note than they started. Too many hours in Panama were lost as developed countries pondered whether there was a need to even discuss how to mobilize the money they committed in Cancun. At one stage one developed country party even seemed to query what climate finance was.
ECO has noted that adaptation negotiators have worked seriously to make decent progress on the Adaptation Committee in the last days here in Panama. The time for adding new text suggestions should be over now. Parties should sort out differences, produce the negotiating text and leave only the political issues to be tackled in Durban.
There are nine days left before the members of the Transitional Committee (TC) tasked with the design of the Green Climate Fund (GCF) will gather in Cape Town, South Africa for their fourth and final meeting before the COP in Durban.