Budapest, December 8 (MTI) – Hungary has offered to contribute an additional 1 billion forints (USD 3.47m) for international climate management and the success of the Paris climate summit on top of the 1 billion forints previously offered for the Green climate fund operating under a United Nations framework agreement, a development ministry official said on Tuesday.
A total of 10.2 billion dollars has been collected in the international climate fund so far to help developing countries in the fight against climate change, state secretary in charge of energy affairs Andras Aradszki told MTI by phone from Paris on Tuesday.
Delegations of the European Union and its current Luxembourg presidency act as mediators between developed and developing countries in four political working teams set up to approve a draft agreement submitted last Saturday. The aim is to reach a deal that includes commitments whose progress will be possible to observe and the recipients of funding will be expected to give an account of their spending, he said.
He added that the success of the agreement would also bring benefits to Hungary in the long term by preventing desertification, rising temperatures and natural disasters caused by climate change. Hungary has undertaken to reduce greenhouse gas emissions by 40 percent between 1990 and 2030, which is in line with the EU’s position.
Significant industrial reforms, increased production capacities and sustainable economic expansion have enabled Hungary to cut greenhouse emissions by 36 percent so far, he said.