The United Nations has said that the $30 billion short term funding agreed in Copenhagen, Sweden, in 2009 to assist developing countries combat climate change would be disbursed as grant and not loan.
Yvo de Boer, the executive secretary, United Nation Framework Convention on Climate Change, said on Monday that only Japan who pledged $15 billion to the proposed fund indicated that certain portion of her pledge would come as loan.
"The agreement is that the fund has to be delivered as grant. If we get loans on top of the 30 billion dollars it will be fine and good," he said.
Source: 234 Next
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