AP Interview: UN's de Boer says investors tackling global warming while governments spar

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http://www.iht.com/articles/ap/2008/02/21/europe/EU-FIN-Monaco-Green-Finance.php

AP Interview: UN's de Boer says investors tackling global warming while governments spar

The Associated Press
Thursday, February 21, 2008

MONTE CARLO, Monaco: Private companies will soon be investing more than governments in cutting the production of greenhouse gases, the U.N.'s top climate change official said Thursday.

Yvo de Boer said business efforts were good but also not enough —and that only a binding international agreement on cutting carbon emissions will make private sector efforts financially viable.

"Business is really beginning to take climate change into account," de Boer, executive secretary of the U.N. Framework Convention for Climate Change, told The Associated Press. "There's a momentum building in the finance community."

He was speaking on the sidelines of a U.N. Environment Program forum in Monaco, the biggest meeting of environment ministers since international talks in Bali, Indonesia, in December produced agreement to adopt a plan by 2009 on collective worldwide efforts to reduce global warming.

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