As negotiations stutter in Durban RTCC looks at what the GCF means to those needing its help and explores the role of private sector finance in its future development.
Speaking at their daily briefing, members from ActionAid, WWF and Oxfam joined together to call for the Green Climate Fund to materialise following yesterday’s set-backs.
Disagreements over use of money from big business and so-called Robin Hood taxes blot positive session.
Online portal allows public to access data on donor and recipient countries of climate change finance.
Top negotiator calls for rapidly expanding economies such as China and Brazil to add their share to $100 billion climate change support system.
They’re not usually singled out for praise but many in the banking and finance sector have got their sustainability house in order and look set to top-up shrunken climate funds.
Scientists warn that if climate change aid programmes are ineffective and money is wasted, donations will dry up just as climate change grows most dangerous.
Vulnerable countries have presented a united front ahead of COP17 in Durban, calling for a second term of the Kyoto Protocol with a legally binding agreement on greenhouse gas emissions.
G20 leaders call for “balanced outcome in Durban” and set sights on eradicating fossil fuel subsidies but makes no statement on Kyoto Protocol