- Thread starter
- #61
Climate finance: 'The elephant that's not in the room' in Bonn
By Jenny Lei Ravelo on 30 April 2013
...
Its the elephant thats not in the room, Oxfams climate change policy adviser Tracy Carty told Devex.
Calls for more climate funding have been increasing amid reports of the escalating impact of climate-related disasters around the world. Developing countries, which usually bear the brunt of these catastrophes, have been calling on rich nations to finance climate adaptation efforts.
But funds for climate finance remain in a limbo. Fast-start finance ended in 2012, but developed countries failed to make any collective commitment on climate funding for the next two years. How they will reach their commitment to provide $1 billion a year by 2020 also remains unclear.
Unless we see progress on climate finance, negotiations toward an effective 2015 outcome will stall ( ) Its crazy [that climate finance] is not part of the agenda, Carty argued.
...
https://www.devex.com/en/news/climate-finance-the-elephant-that-s-not-in-the/80830
Last edited: