United Nations Climate Change Conference

Aussies flip the bird at UN climate fund

Good on the?Aussie government, they have flipped the bird at the UN climate fund refusing to contribute anymore to it.

Australia has refused to pay into the UN?s Green Climate Fund, designed to pay for climate change adaptations for developing nations, preferring to cut out the ?Green blob? middleman and finance initiatives directly. The Chinese delegation said that this was ?not good news?. Speaking at the UN Climate Summit in Peru, the Australian delegates also called for commitments from all major economies including China on emissions. (h/t Jo Nova)

Speaking to Associated Press before the summit in Lima, Australian Foreign Minister Julie Bishop, said: “The Green Climate Fund is about supporting developing countries build resilience to climate change. Australia is already doing that through our aid program. From my experience, bilateral work is able to customize responses when we’re working directly with another partner country.”

So far about $10 billion a year has been pledged by rich countries, but the ambition is to go much further. Su Wei, China?s lead negotiator said: “It is not good news [about] Australia, if it is true that they refuse to provide any money to the GCF.

“It also has very important impacts in the negotiating process. It?s a trust-building process. There is still a large gap toward the 2020 targets of $100 billion a year.”

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