Climate Funds Mobilised

Two weeks ago, Julie Bishop signed Australia up to the UN’s ‘Sustainable Development Goals’. Within that was Goal 13, Target 4: (CommunismClimate Action):

Implement the commitment undertaken by developed-country parties to the United Nations Framework Convention on Climate Change to a goal of mobilizing jointly $100 billion annually by 2020 from all sources to address the needs of developing countries in the context of meaningful mitigation actions and transparency on implementation and fully operationalize the Green Climate Fund through its capitalization as soon as possible.

That’s not a one-off $100 billion by the way. That’s $100 billion ANNUALLY.

It hasn’t taken long for chunks of those funds to be called on:

Development banks including the World Bank have pledged an additional $US15 billion ($A20.66 billion) a year by 2020 to fight climate change. 

‘We are committed to scaling up our support for developing countries to battle climate change,’ World Bank president Jim Yong Kim said in a statement.

‘As we move closer to Paris, countries have identified trillions of dollars of climate-related needs. The Bank, with the support of our members, will respond ambitiously to this great challenge.’

French finance ministry officials said other development banks including the European Investment Bank, Asian Development Bank and Inter-American Development Bank had made similar pledges for a total of $US15 billion in new funds.

Why do I get the feeling that we’re never going to given an itemised account of what this money actually gets spent on?

I wonder how many starving mouths $100 billion per annum could feed? Of course, as we know, internet and climate change are far more important to the UN than hunger.

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One thought on “Climate Funds Mobilised”

  1. Is there a place where I can put my name down to claim some of the fund money? Climate change has severely impacted on my bad back !

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