Note to Correspondents

Secretary-General to Receive Findings on Climate Change Financing from Co-Chairs

of High-Level Advisory Group at Headquarters, 5 November

Final Report Identifies Potential Funding Sources

In Effort to Meet Target Amount of $100 Billion per Year by 2020

UN Secretary-General Ban Ki-moon will host a press conference on 5 November to receive the final report of his High-Level Advisory Group on Climate Change Financing from the Co-chairs, Prime Minister Meles Zenawi of Ethiopia and Prime Minister Jens Stoltenberg of Norway.  The event is scheduled for 9:15 a.m. in the Dag Hammarskjold Library Auditorium at United Nations Headquarters in New York.

The Secretary-General, together with Prime Minister Meles and Prime Minister Stoltenberg, will discuss the report’s key findings for mobilizing up to $100 billion per annum from both public and private sector sources.  The financing will be used to support mitigation and adaptation efforts in developing countries, particularly for the poorest and most vulnerable communities.

Established by the Secretary-General in early 2010, the Advisory Group was charged with identifying new, innovative and additional sources of financing to meet, by 2020, the $100 billion-per-annum goal set by industrialized countries at the United Nations Climate Change Conference in Copenhagen last December.  Its final report comes three weeks ahead of the opening of the United Nations Climate Change Conference in Cancun, Mexico.  Its findings will be sent to Heads of State and Government of all Member States, and will also feed into the United Nations Framework Convention on Climate Change process.

Journalists with accreditation are invited to attend the press conference.  Reporters without United Nations press accreditation may request it through the Media Accreditation and Liaison Unit (tel.: +1 212 963 6934).  Please fax or e-mail a letter signed by your Editor-in-Chief to +1 212 963 4642, or e-mail it to malu@un.org, and complete the online form available at http://www.un.org/media/accreditation/form/myform.

Copies of the report will be available online on 5 November at: www.un.org/climatechange/agf.

Terms of Reference and further information on the Advisory Group on Climate Change Financing can also be found at www.un.org/climatechange/agf.

Journalists unable to attend the press conference may watch a live webcast of the event at http://www.un.org/webcast.  The event will be archived at this site for later viewing.

For further information on accreditation, please contact Dan Shepard, United Nations Department of Public Information, tel.:  +1 212 963 9495; e-mail:  shepard@un.org.

Members of High-Level Advisory Group

Heads of State and Government:  Meles Zenawi, Prime Minister of Ethiopia (Co-Chair); Bharrat Jagdeo, President of Guyana; andJens Stoltenberg, Prime Minister of Norway (Co-Chair).

Other members(in alphabetical order):  Pedro Luiz Carneiro de Mendonça, Under-Secretary General for Economic and Technological Affairs, Ministry of External Relations of Brazil; Soumaïla Cissé, President of the Commission of the West African Monetary Union; Ernesto Cordero Arroyo, Minister for Finance of Mexico;Chris Huhne, Secretary of State for Energy and Climate Change of the United Kingdom; Sri Mulyani Indrawati, Managing Director of the World Bank; Donald Kaberuka, President of the African Development Bank; Caio Koch-Weser, Vice-Chairman of the Deutsche Bank Group; Christine Lagarde, Minister for the Economy, Industry and Employment of France; Trevor Manuel, Minister in the Presidency for National Planning of South Africa; Bob McMullan, Member of Parliament and Parliamentary Secretary for International Development Assistance of Australia; Mutsuyoshi Nishimura, Special Adviser to the Cabinet Office of Japan; Supachai Panitchpakdi, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD);Tharman Shanmugaratnam, Minister for Finance of Singapore; Lawrence H. Summers, Director of the National Economic Council and Assistant to the President for Economic Policy of the United States of America; Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission of India; George Soros, Chairman of Soros Fund Management; Nicholas Stern,Professor of Economics and Government at the London School of Economics; and Zhu Guangyao, Assistant Minister in the Ministry of Finance of China.

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For information media • not an official record