Canada's Prime Minister Harper, Mexico's President Calderon and U.S. President Obama (L-R) pose for pictures after the North American Leaders' Summit in Guadalajara, Mexico, August 10, 2009.
The three North American nations have agreed to push for a green fund to reward nations that cut carbon emissions, Mexico's President Felipe Calderon said on August 10 at a press conference in Guadalajara that marks the end of two days of meeting in the western Mexico city.
"We agreed a green fund and to work together to achieve a climate change agreement in Copenhagen," Calderon said. Denmark's capital Copenhagen will host the talks to find a new agreement to replace the Kyoto Protocol on climate change at the end of the year.
Calderon had proposed the green fund scheme at the Major Nations Climate Conference held in southern Mexican state Morelos in June. All nations would pay into the fund, but poorer nations who reduced carbon emissions would be able to withdraw more than they put in.
"We are also working to boost our carbon bonds markets with the goal of creating an international carbon bond market," he said.
