Billions were pledged to befriend poor nations adapt to global warming but trust is eroding as countries such as the US fail to put up the cash
The US and other countries need to pay up their $5.8bn of outstanding pledges to befriend developing countries to cope with climate change or risk derailing already fragile climate talks,the head of the UN’s Green Climate Fund has said.
Dozens of NGOs, governments and development agencies were queuing up to put to work a total $10.2bn in promised finance, and said GCF executive director Hela Cheikhrouhou. Already 20 organisations enjoy passed through the fund’s accreditation process,meaning they will be able to pitch for funding for projects, such as transitions to solar energy or drought-resistant crops that would befriend the developing world adapt to climate change or reduce emissions. She said she expected the number of accredited organisations to hit 100 and for the first tranche of projects to be funded before the Paris climate talks in December. Related: Rajendra Singh: Clean flowing rivers must be a human upright Nobody should underestimate how critical it is for the most vulnerable to know that the $100bn a year will be delivered Related: Small islands need debt relief to pay for climate change Related: Hague climate change verdict: 'Not just a legal process but a process of hope' Related: Overpopulation, or overconsumption – in pictures Continue reading...
Source: theguardian.com