RIYADH: Qatar and other Gulf Opec members have pledged a total of $750mn to a new fund to tackle global warming through financing research for a clean environment, the Saudi foreign minister said yesterday.
Prince Saud al-Faisal told a press conference at the end of a two-day summit for Opec leaders that Qatar, Kuwait and the United Arab Emirates pledged $150mn each for the fund.
Saudi Arabia said on Saturday it would invest $300mn in the fund which is set to focus on finding technological solutions to the climate change problem.
According to the final summit statement, Opec leaders will insist on the importance of technology to enable the use of “clean oil,” notably carbon capture and storage, to help fight global warming.
The leaders “stress the importance of cleaner and more efficient petroleum technologies for the protection of the local, regional and global environment, and the importance of expediting the development of technologies that address climate change, such as carbon capture and storage,” said the statement.
They also reaffirmed “the core principle of common but differentiated responsibilities and respective capabilities, in addressing climate change policies and measures, including the implementation of UN Frame Work Convention on Climate Change and Kyoto protocol,” it said.
Oil producers have been under fire because of carbon emissions from the large-scale use of fossil fuels. – AFP
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1 comment:
At lease we see which countries have a good economy and can help. Right now the US is not doing so good and will go into a recession soon. All our money went to contractor, propaganda, paying the families of the people we murdered and of course lining the pockets of the faithful loyal crime family members. No time for the climate problem. As the Gerbil said there is no Global Warming and he would know.
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