Finance ministers from around 20 countries met in Bali on
Tuesday to discuss the costs of climate change and ways to tackle
The first-ever finance ministers meeting was held on the
sideline of the two-week U.N. climate change conference, which will
The ministers meeting is expected to pave the way for developing
and developed countries to agree on a common objective on the
financial issues of climate change, thereby leading to more
appropriate policies for sustainable development and support for
the global carbon trading market.
The U.N. Bali climate change conference is tasked with drawing
up a "roadmap" for negotiations on a new climate deal in the next
two years before the current phase of the 1997 Kyoto Protocol
expires in 2012.
(Xinhua News Agency December 11, 2007)