Posted on 05/03/2018 7:02:50 AM PDT by Oldeconomybuyer
Finance for poor countries to help them reduce their greenhouse gas emissions and deal with climate change is lagging behind the promises of rich countries, an Oxfam report finds.
While taxpayer-funded finance has increased, and the private sector has stepped up with some initiatives, the amount raised could still fall short of the goal of providing $100bn a year to the developing world by 2020.
The 2015 Paris agreement on climate change re-stated the $100bn financial target, but Oxfam says the taxpayer-funded finance from rich countries in 2015-16 stood at about $48bn, or nearly half the amount promised for 2020.
In a 28-page report published Thursday, entitled Climate Finance Shadow Report 2018: Assessing Progress Towards the $100bn Commitment, Oxfam says funding announced by donor countries involves projects and aid not directly related to climate change.
Tracy Carty, senior climate-change policy adviser at Oxfam, said the money flowing to the world’s poorest and most vulnerable to tackle climate change was “sadly inadequate”.
Carty said: “There’s no reason why rules for calculating climate [finance] should be more lax than those for [general overseas] aid. Governments have to agree new accounting standards for climate finance under the Paris agreement. This is an opportunity to agree fair and robust standards.”
(Excerpt) Read more at theguardian.com ...
How about taking care of your 2% NATO pledge first.
So, they are not “paying their fair share”, eh?
This is why they are upset that Trump shut off the Paris Accord money tap coming from Uncle Sucker.
The best thing they could do to aid the poor nations is to send dscores of doctors to perform vasectomies.
“...Oxfam says the taxpayer-funded finance from rich countries in 2015-16 stood at about $48bn, or nearly half the amount promised for 2020....”
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Hopefully, not a penny of that money is coming from the US!
Redistribution of Wealth not working without the US ,LOL
Does this “report” (or any other) list the nations getting money, how much they get, and how they spent it? I think that information would be very interesting to taxpayers....
All I can say is Good Luck! Glad our former share is going to Make America Great Again.
The worst part of this fraudulent wealth transfer scheme is that is doesn’t even help the poor.
Instead it goes to tyrannical despots who use it to enrich themselves while oppressing the citizens.
Good. Redistribution of wealth is not an appropriate role for governments.
Here is the end result of Climate Change. Massive taxes on the West to funnel money through NGOs to the Third World. Its really not about helping the Third World. Its about funneling hundreds of billions through NGOs.
What % of that 100 bil was to come from the USA and what % of admin cost on that 100 bil?
Gee, I’m just so shocked the Yurps aren’t paying up after berating the US for pulling out of this scam.
They were expecting the US to foot the bill.
Actually, just drop off tons of ammo and guns, and when the dust settles, nuke the place from orbit. It’s the only way to be sure.
So, they are not “paying their fair share”, eh?
Wants UNCLE SUGAR to do it ALL.
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