Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Green Climate Fund short-changed by rich polluting countries

Rich polluting countries such as Australia, Canada, the Netherlands and the US are short-changing poor countries by billions of dollars that they need to cut emissions and adapt to the climate crisis, says Oxfam. The two-day pledging conference to the Green Climate Fund begins in Paris today.

To date, developed countries have pledged $7.5 billion to the Fund to cover the next four-year spending period. This is just half of the $15 billion that Oxfam believes should be the target for the replenishment process in order to meet the growing needs of developed countries, with more than 300 potential project proposals in the fund’s pipeline.

• Canada, Austria, and the Netherlands have contributed a third of what Oxfam estimates to be their fair share.
• Australia has indicated that it will join the US and refuse to provide new funds in this round.
• Countries such as Japan, Italy, Switzerland, Belgium, Finland, Portugal, and New Zealand have yet to announce their contribution.

By comparison, Germany, UK, France, Norway and Sweden have doubled their contributions since the first funding round in 2014/15.

Armelle Le Comte, Climate and Energy Advocacy Manager for the Oxfam confederation said:

“The Green Climate Fund is a lifeline for poor countries that need help to cut emissions and adapt to an increasingly erratic and extreme climate. We urge all rich countries to contribute their fair share - their support could be the difference between life and death for poor communities that are struggling to survive on the climate front line.

“Global investments in oil, gas and coal supply and power generation topped US$933 billion in 2018 – we are spending 100 times more on fossil fuels than governments appear to be willing to put into the world’s flagship climate fund,” added Le Comte.

Oxfam New Zealand Advocacy and Campaigns Director Dr Joanna Spratt said:

“This Fund supports Pacific states and other developing countries to adapt and mitigate to a problem they did not cause, but bear the full force of. An ambitious and successful replenishment is essential for the GCF to continue its work as the largest funder of climate finance globally.

“Oxfam New Zealand is calling for our government to contribute at least US$30 million to the four-year replenishment. This falls short of what Oxfam has calculated as New Zealand’s fair share, at US$50-90 million, but is a long way above the US$2.6 million we gave last time,” Spratt said.

The Green Climate Fund was established in 2010 and will be the main multilateral channel through which rich countries can support poor countries to tackle the climate crisis. Over the past four years, more than 110 projects in developing countries have been allocated financial support from the fund for projects such as the expansion of solar power in Nigeria and Mali, the restoration of forests in Honduras, and the creation of more resilient agriculture systems in Bhutan and Belize.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Covid-19: 2 Border-Related Cases Confirmed

Two people who completed their managed isolation in the same facility and at the same time as the Northland case are now being treated as confirmed COVID-19 infections. “While we still can’t categorically rule these out as historical infections, ... More>>

ALSO:

Gordon Campbell: On The Risk Of Being Short Changed By Pfizer

Who knew that the delivery of the Covid vaccines was going to be such a headache? All the predictions had been around the likely distribution problems. Would there be enough trained vaccinators around the country, a sufficient number of medical glass vials, a sufficiently robust “cold chain” to safely store the vaccines out in the field? All those issues remain. Currently though, production and delivery concerns are also hovering over whether the drug companies will live up to their contractual commitments, on time... More>>

 

New Zealand Government: Moves On Climate Promises

The Government is delivering on its first tranche of election promises to take action on climate change with a raft of measures that will help meet New Zealand’s 2050 carbon neutral target, create new jobs and boost innovation. More>>

ALSO:

National: Leader Of The Opposition’s State Of The Nation Speech

Kia ora and thank you for that welcome. It is a pleasure to be here. Thank you to the Rotary Club of Auckland and the EMA for hosting me at this first event in your centenary year. National and Rotary share many common principles, including community ... More>>

ALSO:

Ministry Of Health: Probable Case Of COVID-19 In A Returnee

The Ministry of Health is investigating a positive test result in a person who recently travelled from overseas and completed their stay in managed isolation in a facility in Auckland. In the case we are investigating and reporting today, the person had ... More>>


ALSO:


Oranga Tamariki: Chief Executive Grainne Moss Steps Down

Controversial Oranga Tamariki chief executive Grainne Moss has decided to step down. More>>

ALSO:


Government: New Zealand And China Sign FTA Upgrade

Trade Ministers for New Zealand and China today signed an upgrade to the free trade agreement between the two countries. “This modernises our free trade agreement and ensures it will remain fit for purpose for another decade,” Minister for Trade ... More>>

Oxfam NZ: Wealth Of New Zealand’s Richest Person’s Soars By $3.4bn Since Beginning Of Pandemic

New Zealand’s richest citizen, Graeme Hart, has seen his fortune increase by NZ$3,494,333,333 since March 2020 – a sum equivalent to over half a million New Zealanders receiving a cheque for NZ$6,849 each, reveals a new analysis from Oxfam today. The New Zealand ... More>>

ALSO:

Government: New Public Housing Plan Announced

RT HON JACINDA ARDERN HON DR MEGAN WOODS The Government has released its Public Housing Plan 2021-2024 which outlines the intention of where 8,000 additional public and transitional housing places announced in Budget 2020, will go. “The Government ... More>>

Government: Pre-Departure Testing Extended To All Passengers To New Zealand

To further protect New Zealand from COVID-19, the Government is extending pre-departure testing to all passengers to New Zealand except from Australia, Antarctica and most Pacific Islands, COVID-19 Response Minister Chris Hipkins said today. More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels