In my previous post, Reducing GHG emissions in a finance-constrained world, I mentioned the fact that pledges of climate funding at Copenhagen, though very encouraging, is nowhere near the expected needed level. After the excitement upon the funding news waned, many people began to question the vagueness in the language of the Copenhagen Accord. Will […]
In my last entry, I pointed to the argument that the committed fund for climate change mitigation and adaptation is nowhere near what is needed to meet the target of limiting temperature rise to 20C by 2030. Within the past few days of negotiation here at COP15, Africa Union has lowered its requested financial support […]
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The principle of common but differentiated responsibilities boils down to which countries should spend on climate finance and how much they should spend. As a whole, the global community has spent no where near the level it should be spending on adaptation and mitigation. Estimated yearly adaptation cost is US$8 billion to US$100 billion per […]
Continue reading about Will you spend 1% of your income on climate finance?
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