Rich nations say on track with $30-B climate aid
OSLO/LONDON — Earthquake-hit Japan and many other rich nations are reaffirming pledges to give $30 billion from 2010-12 to help poor nations fight climate change despite budget cuts, a Reuters survey showed on Wednesday.
Climate aid has totalled $16.2 billion since January 2010, according to submissions to the United Nations by a May deadline. Poor nations have said much of the cash is from existing programmes and is not new as promised.
Donors were led by Japan, the European Union and the United States. Spending includes projects such as an Australian plan to help the Solomon Islands slow coastal erosion and investments by Tokyo in Africa to promote solar energy.
"Aid is definitely coming through the pipeline," said Liz Gallagher, an expert at the E3G environmental think-tank in London. But she said that many projects lacked ambition to help countries carry out a radical shift towards a greener economy.
Read the full article here: http://www.gmanews.tv/story/222303/world/rich-nations-say-on-track-with-30-b-climate-aid
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