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WWF Press Release For immediate release - 12 September 2005

World Leaders Must not Misspend $400 billion at Rushed UN Summit

United Nations, New York -- World leaders are in danger of misspending US$400 billion unless discussions leading to this week’s UN high-level summit take a turn for the better, warned conservation organisation WWF today.

With public discussion regarding the summit diverted to security and UN reform issues, the original goal – setting priorities on how to spend $400 billion of official development assistance over the next five years -- is being lost.

“Invested correctly this money could make a huge difference to the lives of millions of people, particularly the rural poor. While governments are talking about UN reform to make the institution’s spending more effective, they are negotiating a development text that is in danger of leading to more wasted expenditure." said WWF International Policy director Gordon Shepherd.

"For all the talk about a greater role for civil society, groups concerned with poverty, human rights and the environment are locked out while key development text is being dangerously scrapped as the document moves toward the lowest common denominator,” Shepherd added.

For example, in the environment section of the document, sustainable development is quarantined as just one part of development. “The two issues are inseparable,” Shepherd said. “Development without environmental protections will result in millions of poor people watching helplessly as the natural systems on which they depend are destroyed over time,” Shepherd said.

Indications from weekend crisis talks are that the historic summit, with over 170 world leaders due to attend, will fail to follow through on numerous key issues, including: building consensus for continuing action under the Kyoto Protocol on climate change; promoting existing international agreements on preserving biodiversity; and the necessity for development to be sustainable if it is to create a lasting contribution to helping the world's poor.

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Note: WWF’s delegation at the UN Summit includes experts on development, climate change, renewable energy, poverty, Africa, sustainable development, toxics and the overall state of the negotiations. They are available at any time during the summit.

For Further Information:
Lee Poston, WWF International’s Press Officer, tel: +1-202-345-5643 or +1-202-299-6442, email: lee.poston@wwfus.org

This press release and associated material can be found on www.panda.org
WWF– World Wide Fund For Nature (World Wildlife Fund for US and Canadian journalists)