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Steven Perez
Rich nations failing to meet climate aid pledges | Environment | guardian.co.uk - http://www.guardian.co.uk/environ...
Rich nations failing to meet climate aid pledges | Environment | guardian.co.uk
"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." - Steven Perez from Bookmarklet
Isn't this always the case? Sad, but always happens this way. - Shevonne
Especialy this part: "So far 12 rich countries, led by the UK, Germany, Japan and the US, have pledged $6.1bn to two climate investment funds administered by the World Bank. But no money has been deposited in them and any money available will be in the form of loans, not grants, with stringent conditions on how the money is spent. A pilot project for eight countries has been announced but no money is likely to be disbursed for nearly a year." - Steven Perez
How's that for progress? We use their countries as toilets, and then we expect them to pay us back for cleaning up the mess. - Steven Perez