Rich nations failing to meet climate aid pledges (pledged nearly $18bn—less than $1bn disbursed)

[OKIsItJustMe]

http://www.guardian.co.uk/environment/2009/feb/20/climate-funds-developing-nations

Rich nations failing to meet climate aid pledges

World's richest countries have pledged nearly $18bn to help poorer countries adapt to climate change, but less than $1bn has been disbursed

John Vidal, environment editor
guardian.co.uk, Friday 20 February 2009 15.56 GMT

Developing countries have received less than 10% of the money promised by rich countries to help them adapt to global warming, an analysis by the Guardian has found.

The failure is fostering deep distrust between rich and poor nations and is seriously undermining key negotiations on a global climate deal.

The world's richest countries have together pledged nearly $18bn (£12.5bn) in the last seven years, but despite world leaders' rhetoric that the finance is vital, less than $0.9bn has been disbursed and long delays are plaguing many funds.

The lack of action is causing growing concern among diplomats and UN climate talks negotiators who have warned that a global agreement on climate change to succeed the Kyoto treaty is at risk if rich countries do not make the money available.

…

[David Dunham]

1. I think we have more immediately pressing economic problems to address now.