Finance, climate crises two sides of same coin: experts

GENEVA (AFP)


Rasmussen was speaking in Geneva as representatives from over 150 companies, civil society groups, governments and aid agencies gathered for a meeting of the UN Global Compact, a body set up by former UN chief Kofi Annan to boost ties between business and international bodies.

The focus of the current meeting is climate change, and what businesses can do to develop a framework for environmental policy once the Kyoto Protocols expire in 2012.

Rasmussen and other participants acknowledged that the current global economic crisis will have an impact on the climate change debate, but stressed the long-term nature of the problem could not be solved by short-term solutions.

AFP