LAGOS, Aug. 27 (Xinhua) -- The World Bank on Tuesday at the ongoing Accra Climate Change Talks in Ghana has said a total of 170 billion U.S dollars was required between now and 2030 to enable developing countries mitigate and adapt to the impact of climate change, according to the official News Agency of Nigeria on Wednesday.
Eduardo Dopazo, World Bank fund manager of Carbon Finance Unit told newsmen at the sidelines of the Accra Talks that the private sector was expected to account for 80 percent of the sum.
He said the huge financing gap for developing countries to contain the impact of climate change is beyond current funding under the UN Framework Convention on Climate Change.
According to him, developing countries will also require 85 billion U.S dollars to provide electricity that would cover 100 percent of their citizens by 2030, and that an additional 35 billion U.S dollars per year is require to ensure that the electricity utilize green energy technologies.
Dopazo said within the same period, developing countries will require massive technology transfer, capacity building and technical assistant to manage whatever green technology is adopted.
He said the situation would require that developing countries take commitments under the post Kyoto protocol treaty expected to be ratified at Copenhagen in 2009.