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As the United Nations Climate Change Conference continues in Poznan, Poland, environmental activists are warning climate financing should not be the domain of the World Bank. More than 160 citizen groups from dozens of countries presented a joint statement today calling for a UN global climate fund to help poorer countries construct low-carbon economies. Signed by organizations such as Oxfam International, the Institute for Policy Studies and the World Rainforest Movement, the declaration argues for such an apparatus to be under the domain of the UN Framework Convention on Climate Change and based on the principles of guaranteed funding, representative governance, and secured rights for effected communities. Activists claim that such a fund is a crucial necessity for any climate change plan approved by the international conference. They also criticize the undemocratic nature of the World Bank as part of their disagreement with the notion of granting global warming financial responsibilities to the institution.

GUESTS: Victor Menotti, International Forum on Globalization, Daphne Wysham, Institute for Policy Studies.

For more information, visit www.ifc.org and www.ips-dc.org/seen