Governments should find ways to raise $100 billion yearly for the Green Climate Fund, which was created in December last year, which will help countries cope with global warming.

During the opening of Climate Vulnerable Forum, a 30-nation climate meeting in Dhaka in Bangladesh, U.N. Secretary-General Ban Ki-moon urged world leaders to finalize the financing for a multibillion-dollar fund to fight the effects of climate change.

Participating countries from Africa, the Americas, Asia and the Pacific aim to formulate a united stand on funding for schemes to limit the damage from global warming.

The forum will present their stand at the UN-sponsored climate change conference in Durban, South Africa that will start on Nov. 28.

Meanwhile, the 194-nation Intergovernmental Panel on Climate Change (IPCC) will meet next week at the Ugandan capital of Kampala to assess the draft report of the IPCC.

The IPCC report, which was three years in the making, is the most comprehensive probe yet into the impact of climate change. In the draft "summary for policymakers," the IPCC report said that extreme weather events such as heat waves, hurricanes, droughts will hit some parts of the world due to climate change.

"In some cases, there may be a need to consider permanent evacuation," the report says.

The 800-page report, which was three years in the making, synthesized thousands of scientific studies and will be reviewed during the IPCC meeting.