I established a new High Level Panel on Global Sustainability, co-chaired by the Presidents of Finland and South Africa. I am sure you will be pleased to know that Administrator of the China Meteorological Administration, and a distinguished alumnus of this university, is a member of the Panel. I have asked this Panel to offer a vision for sustainable development and prosperity for a planet under increasing pressure. I have asked them to find integrated solutions to the global challenges of poverty, climate change, water, food, and energy security. These problems are interconnected. The Panel will report back by the end of 2011. Its work will venture into many issues, many sectors, many cross-cutting areas. I have asked the Panel members to think big, to be bold and ambitious not to shy away from controversy. And I have asked them to be strategic and practical. Their recommendations must be politically viable and lead to tangible progress. Their findings will feed into intergovernmental processes, such as the climate change negotiations. They will play a key part in the Rio 2012 Earth Summit, twenty years after world leaders agreed on Agenda 21, our blueprint for sustainable development.

We are seeing some progress on important issues, such as adaptation, technology cooperation and steps to reduce deforestation. I also believe there has been some progress on financing, both on mobilizing 30 billion dollars of fast-start finding over the next three years and also on the 100 billion dollars a year envisioned by 2020. I am,however, 3 concerned about slow progress in other areas.Among them: setting mitigation targets， monitoring and verification， and the future of the Kyoto Protocol. We must not allow momentum to stall. We must not jeopardize the gains we have made.

The UNFCCC process must go forward in Cancun in December I am there for calling on all member states, all governments of the world to work together in a spirit of compromise and common sense. Progress on adaptation, technology cooperation, deforestation and finance can achieve powerful results, results that can offer hope and change the lives of hundreds of millions of people, particularly the world’ s poorest and most vulnerable.