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The UN Climate Change Funding piles up. Or does it?

2,591 views · Published 10 December 2015 · 5:05 · Indexed 14 November 2026

Channel: thornews · 2015 · Entertainment

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Global governments are hellbent on stopping the climate from changing and plan to fight it with money and taxes. So we take a look into their activities. 

http://www.reuters.com/article/us-climatechange-summit-funding-idUSKBN0TP07I20151206

"Developed nations have mobilized some $80-$90 billion per year to help the poorest survive a warmer world, delegates at Paris climate talks said, but emerging countries dispute the figures and say a goal of $100 billion by 2020 is far from reach.

The issue is central to U.N. talks in Paris, where nearly 200 nations are trying to forge a new pact on climate change.

In October, the Organisation for Economic Co-operation and Development (OECD), which represents rich nations, calculated that financial pledges from the developed world totaled $62 billion in 2014 towards an agreed U.N. goal to reach $100 billion by 2020.

One national finance expert, speaking on condition of anonymity, said the new total was some $94 billion, while non-governmental organization Oxfam said the figure was more like $82 billion.

Developing nations, such as India, have accused the West of a lack of transparency and say the OECD vastly over-estimated the size of contributions.

An Indian finance ministry report said "the only hard number" was $2.2 billion that was clearly climate money."

strange. neh?

God bless everyone,

T

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