Tegucigalpa - The Mexican proposal for the creation of a global Green Fund was approved Wednesday during a summit on Climate Change and the Environment in Honduras.

The initiative sponsor, Mexican President Felipe Calderon, said the fund seeks to help reduce polluting gases. He further stressed his own country's progress in the defence of the environment and the generation of energy from renewable sources.

The summit of Central American and Caribbean nations was held in San Pedro Sula, 250 kilometres north of Honduran capital Tegucigalpa.

Presidents Antonio Saca of El Salvador, Alvaro Colom of Guatemala and Manuel Zelaya of Honduras also attended the meeting, as did Belize Prime Minister Dean Barrow.

Calderon's Green Fund would require 1 billion dollars to help less developed nations, which suffer most from the destruction of the environment.

The summit's final declaration stressed that Central American and Caribbean nations do not make significant emissions of greenhouse gases and yet suffer their consequences in terms of heavy rain and extreme drought.

They called upon international institutions to "identify integrated public policy to face the challenges of risk and disaster management, climate change and the fight against desertification and drought."

Let those who pollute pay," said summit host Manuel Zelaya. (dpa)