World Bank to launch carbon trading fund

The issue of funding for developing countries from developed nations, for the implementation of climate change mitigation and adaptation projects, was one of the major sticking points at the yearly negotiations held by the United Nations Framework Convention on Climate Change (UNFCCC).

Other activities launched included a new initiative to boost access to renewable energy by climate vulnerable island States, and an international 'road map' for action on how agriculture could simultaneously achieve increased food productivity, reduced greenhouse gas emissions, and enhanced resilience to climate change.